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Business Loan Calculator
Monthly payment, total interest, and true cost of a business loan
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Loan Details
$
Upfront fee deducted from loan proceeds (typical: 0–3%)
Monthly Payment
$1,025.83
for 60 months · payoff April 2031
Loan Summary
Loan Amount$50,000.00
Origination Fee$500.00
Net Proceeds$49,500.00
Total Interest Paid$11,549.59
Total Amount Paid$61,549.59
True Total Cost$62,049.59
Interest / Year (avg)
$2,309.92
Interest / Month (avg)
$192.49
Cost Per Dollar Borrowed
$1.241
Interest as % of Loan
23.1%
First 12 Months
| Mo | Principal | Interest | Balance |
| 1 | $671.66 | $354.17 | $49,328.34 |
| 2 | $676.42 | $349.41 | $48,651.92 |
| 3 | $681.21 | $344.62 | $47,970.71 |
| 4 | $686.03 | $339.79 | $47,284.68 |
| 5 | $690.89 | $334.93 | $46,593.79 |
| 6 | $695.79 | $330.04 | $45,898.00 |
| 7 | $700.72 | $325.11 | $45,197.28 |
| 8 | $705.68 | $320.15 | $44,491.60 |
| 9 | $710.68 | $315.15 | $43,780.93 |
| 10 | $715.71 | $310.11 | $43,065.21 |
| 11 | $720.78 | $305.05 | $42,344.43 |
| 12 | $725.89 | $299.94 | $41,618.55 |
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