Business Loan Calculator
See the monthly payment on a fixed-rate loan, and how an origination fee changes the APR on the cash you receive.
Monthly payment
$1,037.92
You receive $49,000.00. The note rate is 9.00%, and the fee makes the effective APR 9.87%.
- Amount borrowed
- $50,000.00
- Origination fee
- $1,000.00
- Amount you receive
- $49,000.00
- Total interest
- $12,275.07
- Total cost
- $62,275.07
- Effective APR
- 9.87%
- Payoff date
- September 2031 · 60 months
Lenders read a plan. This guide is for writing one they will take seriously.
Your Business Plan PlaybookShow amortization scheduleHide amortization schedule
Amortization schedule
The payment is principal and interest on the full amount borrowed. The fee is taken from the cash received and is not a separate line in the schedule.
Swipe sideways to see every column. Amounts are rounded to the cent.
| Month | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| Year 1 | |||||
| 1 | Oct 2026 | $1,037.92 | $662.92 | $375.00 | $49,337.08 |
| 2 | Nov 2026 | $1,037.92 | $667.89 | $370.03 | $48,669.19 |
| 3 | Dec 2026 | $1,037.92 | $672.90 | $365.02 | $47,996.29 |
| 4 | Jan 2027 | $1,037.92 | $677.95 | $359.97 | $47,318.35 |
| 5 | Feb 2027 | $1,037.92 | $683.03 | $354.89 | $46,635.32 |
| 6 | Mar 2027 | $1,037.92 | $688.15 | $349.76 | $45,947.17 |
| 7 | Apr 2027 | $1,037.92 | $693.31 | $344.60 | $45,253.85 |
| 8 | May 2027 | $1,037.92 | $698.51 | $339.40 | $44,555.34 |
| 9 | Jun 2027 | $1,037.92 | $703.75 | $334.17 | $43,851.58 |
| 10 | Jul 2027 | $1,037.92 | $709.03 | $328.89 | $43,142.55 |
| 11 | Aug 2027 | $1,037.92 | $714.35 | $323.57 | $42,428.21 |
| 12 | Sep 2027 | $1,037.92 | $719.71 | $318.21 | $41,708.50 |
| Year 2 | |||||
| 13 | Oct 2027 | $1,037.92 | $725.10 | $312.81 | $40,983.39 |
| 14 | Nov 2027 | $1,037.92 | $730.54 | $307.38 | $40,252.85 |
| 15 | Dec 2027 | $1,037.92 | $736.02 | $301.90 | $39,516.83 |
| 16 | Jan 2028 | $1,037.92 | $741.54 | $296.38 | $38,775.29 |
| 17 | Feb 2028 | $1,037.92 | $747.10 | $290.81 | $38,028.19 |
| 18 | Mar 2028 | $1,037.92 | $752.71 | $285.21 | $37,275.48 |
| 19 | Apr 2028 | $1,037.92 | $758.35 | $279.57 | $36,517.13 |
| 20 | May 2028 | $1,037.92 | $764.04 | $273.88 | $35,753.09 |
| 21 | Jun 2028 | $1,037.92 | $769.77 | $268.15 | $34,983.32 |
| 22 | Jul 2028 | $1,037.92 | $775.54 | $262.37 | $34,207.78 |
| 23 | Aug 2028 | $1,037.92 | $781.36 | $256.56 | $33,426.42 |
| 24 | Sep 2028 | $1,037.92 | $787.22 | $250.70 | $32,639.20 |
| Year 3 | |||||
| 25 | Oct 2028 | $1,037.92 | $793.12 | $244.79 | $31,846.07 |
| 26 | Nov 2028 | $1,037.92 | $799.07 | $238.85 | $31,047.00 |
| 27 | Dec 2028 | $1,037.92 | $805.07 | $232.85 | $30,241.94 |
| 28 | Jan 2029 | $1,037.92 | $811.10 | $226.81 | $29,430.83 |
| 29 | Feb 2029 | $1,037.92 | $817.19 | $220.73 | $28,613.65 |
| 30 | Mar 2029 | $1,037.92 | $823.32 | $214.60 | $27,790.33 |
| 31 | Apr 2029 | $1,037.92 | $829.49 | $208.43 | $26,960.84 |
| 32 | May 2029 | $1,037.92 | $835.71 | $202.21 | $26,125.13 |
| 33 | Jun 2029 | $1,037.92 | $841.98 | $195.94 | $25,283.15 |
| 34 | Jul 2029 | $1,037.92 | $848.29 | $189.62 | $24,434.86 |
| 35 | Aug 2029 | $1,037.92 | $854.66 | $183.26 | $23,580.20 |
| 36 | Sep 2029 | $1,037.92 | $861.07 | $176.85 | $22,719.13 |
| Year 4 | |||||
| 37 | Oct 2029 | $1,037.92 | $867.52 | $170.39 | $21,851.61 |
| 38 | Nov 2029 | $1,037.92 | $874.03 | $163.89 | $20,977.58 |
| 39 | Dec 2029 | $1,037.92 | $880.59 | $157.33 | $20,096.99 |
| 40 | Jan 2030 | $1,037.92 | $887.19 | $150.73 | $19,209.80 |
| 41 | Feb 2030 | $1,037.92 | $893.84 | $144.07 | $18,315.96 |
| 42 | Mar 2030 | $1,037.92 | $900.55 | $137.37 | $17,415.41 |
| 43 | Apr 2030 | $1,037.92 | $907.30 | $130.62 | $16,508.11 |
| 44 | May 2030 | $1,037.92 | $914.11 | $123.81 | $15,594.00 |
| 45 | Jun 2030 | $1,037.92 | $920.96 | $116.96 | $14,673.04 |
| 46 | Jul 2030 | $1,037.92 | $927.87 | $110.05 | $13,745.17 |
| 47 | Aug 2030 | $1,037.92 | $934.83 | $103.09 | $12,810.34 |
| 48 | Sep 2030 | $1,037.92 | $941.84 | $96.08 | $11,868.50 |
| Year 5 | |||||
| 49 | Oct 2030 | $1,037.92 | $948.90 | $89.01 | $10,919.59 |
| 50 | Nov 2030 | $1,037.92 | $956.02 | $81.90 | $9,963.57 |
| 51 | Dec 2030 | $1,037.92 | $963.19 | $74.73 | $9,000.38 |
| 52 | Jan 2031 | $1,037.92 | $970.41 | $67.50 | $8,029.97 |
| 53 | Feb 2031 | $1,037.92 | $977.69 | $60.22 | $7,052.28 |
| 54 | Mar 2031 | $1,037.92 | $985.03 | $52.89 | $6,067.25 |
| 55 | Apr 2031 | $1,037.92 | $992.41 | $45.50 | $5,074.84 |
| 56 | May 2031 | $1,037.92 | $999.86 | $38.06 | $4,074.98 |
| 57 | Jun 2031 | $1,037.92 | $1,007.36 | $30.56 | $3,067.62 |
| 58 | Jul 2031 | $1,037.92 | $1,014.91 | $23.01 | $2,052.71 |
| 59 | Aug 2031 | $1,037.92 | $1,022.52 | $15.40 | $1,030.19 |
| 60 | Sep 2031 | $1,037.92 | $1,030.19 | $7.73 | $0.00 |
How it's calculated
The monthly payment uses the standard fixed-rate formula on the full amount borrowed. An origination fee is a percent of that amount and is taken from the cash you receive. You still repay the full amount plus interest. The effective APR is the rate that makes the same payment equal the cash you actually receive. With no fee, it matches the rate you entered. The schedule keeps full precision until amounts are shown to the cent.
Payment = P × r ÷ (1 − (1 + r)−n)
P = amount borrowed, r = rate ÷ 12, n = months
Reviewed by WH2L Digital. Last reviewed October 31, 2026.
Questions
How is the monthly payment calculated?
The payment uses the standard fixed-rate formula on the full amount borrowed, the interest rate, and the number of months. At 0% interest, the payment is the amount borrowed divided by the months.
What does the origination fee change?
The fee is a percent of the amount borrowed and is taken from the cash you receive. You still repay the full amount plus interest. The effective APR is higher than the note rate because you received less cash.
What is included in the total cost?
Total cost is every scheduled payment: the amount borrowed plus interest. The fee is part of the gap between that total and the cash you received.
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Educational estimates only, not financial advice.