Estimate monthly payment, total interest and total cost of a business term loan, including upfront fees.
Use this calculator to see what a fixed-rate, fully amortizing business term loan really costs. Enter the amount you plan to borrow, the stated interest rate, the term in years and any upfront fees the lender charges. The tool computes the level monthly payment with the standard amortization formula, payment = P x r / (1 - (1 + r)^-n), where P is the principal, r is the monthly rate (annual rate divided by 12) and n is the number of monthly payments.
Worked example (illustrative inputs, not a quote): borrow $100,000 at 9.5% for 5 years. The monthly rate is 0.095 / 12 = 0.007917 and n = 60, which gives a payment of roughly $2,100. Over 60 months that is about $126,000 paid, so about $26,000 in interest, plus $2,000 in fees for a total near $128,000.
Assumptions and limits: the calculator assumes monthly payments, a fixed rate and no prepayment. It does not model daily-accrual loans, factor-rate advances, balloon payments, variable rates or interest-only periods. Fees are added to the total but are not financed into the balance. Your lender's amortization schedule is the final word.
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