Free tool
Business loan payment calculator
The real monthly payment, and the true interest.
Your result is an estimate based on the answers you enter. It is not filed or stored anywhere.
Method
How this calculator works
This calculator uses standard amortization math: a fixed-rate loan repaid in equal monthly payments. From the amount you borrow, the annual rate, and the term in months, it derives the level payment that clears the balance exactly at the end of the term, then totals what you pay and how much of it is interest.
It assumes a fully-amortizing, fixed-rate loan with no fees. Real offers often carry origination fees, prepayment penalties, or variable rates that raise the true cost — so treat the interest figure as a floor and read the loan agreement for anything the monthly payment alone hides.
Estimates, not advice
Every figure this tool produces is a planning estimate built from the numbers you enter and simplified assumptions documented above. It is educational content, not individualized financial, legal, or tax advice. Rates, limits, and thresholds change — annual constants are reviewed each January, and you should confirm anything decision-critical against primary sources or a professional.
Questions
FAQ
Does this include fees or origination costs?
No — it prices the interest on the borrowed amount only. An origination fee, closing cost, or insurance add-on raises your real cost above what this shows. Ask the lender for the APR, which folds those fees in.
What term should I enter?
The term in months exactly as the offer states it — a five-year loan is 60 months. Longer terms lower the monthly payment but raise total interest, and the tool shows that trade-off directly.
Is my interest rate the same as APR?
For a simple fixed-rate loan with no fees, the rate and APR are essentially the same. Once fees enter, APR is higher — always compare competing offers on APR, not the headline rate.