Business loan calculator
$6,199.28
per month
- Total interest
- $243,914.40
- Total paid
- $743,914.40
Term in years
or enter
Payment frequency
Notes
- Amounts are in US dollars. The rate is the annual percentage rate, entered as a percent.
- Term is entered in years or months and counted in whole months. The longest term is 40 years, or 480 months.
- Quarterly and annual payments use the same annual rate divided by 4 or by 1.
- The table shows whole dollars by loan year. The payment above rounds to the cent.
- Results are estimates. They are not an offer or a commitment to lend.
Common questions
- How is the payment calculated?
- The payment is a level amount sized so the balance reaches zero at the end of the amortization. Each period charges interest at your annual rate divided by the number of payments per year.
- What is a balloon payment?
- A balloon loan sizes its payments on a longer amortization than the term. The unpaid balance comes due when the term ends.
- What is debt service coverage?
- Debt service coverage ratio, or DSCR, is annual net operating income divided by annual debt service. Many commercial lenders look for at least 1.25x.
- Do I need an account?
- No. The calculator works signed out, and the numbers you enter stay in your browser and in the link you choose to share.