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.
Calculator by Toolsloft ↗- Monthly payment
- $1,013.82
- Total interest
- $10,829.18
- Total cost
- $61,829.18
Calculate the monthly payment, total interest, and full cost of a business loan, including the lender's origination fee. Built for owners comparing financing offers who want the true cost rather than just the headline rate.
How this is calculated
The payment and total interest come from the standard loan amortization formula, and total cost adds the origination fee (the fee percentage applied to the loan amount) to the sum of all payments.
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.