Business Loan Calculator
Calculate the monthly payment, total interest, and total cost of a business loan — including the origination fee — from the amount, rate, term, and fee percentage. Free and accurate.
- Monthly payment
- 1013.82
- Total interest
- 10829.18
- Total cost
- 61829.18
How to use
- Enter the loan amount.
- Enter the annual interest rate and term in months.
- Enter the origination fee as a percentage of the amount.
- Read the monthly payment, total interest, and total cost.
Examples
- $50,000 at 8% / 60 mo, 2% fee:
payment $1,013.82 - Total cost:
$50,000 loan → $61,829.18 with fee
FAQ
- How is the monthly payment calculated?
- Payment = P·r·(1+r)^n / ((1+r)^n − 1), where P is the amount, r is the monthly rate (annual ÷ 12 ÷ 100), and n is the number of months.
- What is an origination fee?
- A one-time charge a lender applies to set up the loan, expressed as a percentage of the amount borrowed. It is added to the total cost here.
- What does total cost include?
- The total of all monthly payments over the full term plus the origination fee — the complete cost of the business loan.