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Business Loan Payment and Cost Calculator — result sheet
Model a fixed-rate business loan with payment frequency, origination fee, and optional extra payment to see payoff time and total financing cost.
Inputs used
Results
Visual chart
Breakdown
Calculation steps
Returned data table
Formula and methodology
Formula: Periodic rate = annual rate ÷ 100 ÷ payments per year; scheduled payment = principal × r × (1+r)^n ÷ ((1+r)^n − 1), or principal ÷ n when r = 0; origination fee = principal × fee rate; the payoff simulation applies scheduled payment + extra payment until the balance reaches zero.
This calculator adds business-loan details that a generic payment formula often leaves out: payment frequency, an origination fee, and an optional extra payment. It reports the simulated interest and fee cost separately so the visitor can compare offers more clearly.
This result follows the calculator's declared inputs, precision, validation boundaries, and model limits.
Input contract
- Loan principal — currency units; minimum 0.01; maximum 1000000000000000
- Annual interest rate — %; minimum 0; maximum 1000
- Term — years; minimum 1.0E-6; maximum 100
- Payments per year — payments / year; minimum 1; maximum 365
- Origination fee — % of principal; minimum 0; maximum 100
- Extra payment per period — currency units / period; minimum 0; maximum 1000000000000000
Worked example
| Input | Value |
|---|---|
| Loan principal | 50000 |
| Annual interest rate | 8 |
| Term | 5 |
| Payments per year | 12 |
| Origination fee | 1 |
| Extra payment per period | 0 |
The fixed-rate schedule produces a scheduled payment of about 1,013.82 per month; the calculator then reports total interest and adds the 1% origination fee to show total financing cost.
Assumptions and limits
- The loan is fixed-rate and fully amortizing in the scenario.
- Interest compounds at the entered payment frequency.
- The term is rounded to the nearest whole payment period.
- The final payment is capped at the remaining balance plus that period’s interest.
- The origination fee is calculated as a percentage of original principal.
- The extra payment is made at the end of each scheduled period.
- There are no balloon payments, interest-only periods, or payment holidays.
- Late fees, legal fees, taxes, insurance, collateral costs, and lender-specific charges are excluded.
- Variable rates and daily simple-interest products require a different model.
- The result compares arithmetic scenarios and is not an offer or approval.
Calculator note
Source and methodology
Use the official WorldCalculate methodology policy for the source, formula, precision, and boundary standards behind this calculator.
Planning estimate, not financial, medical, legal, or professional advice. © WorldCalculate — reuse with attribution. Built and curated by Hassan ALRowaie.
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