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Business loan calculator

Estimate monthly payments, total interest and the overall cost of your business loan.

Adjust the figures to explore different scenarios.

Loan principal ($)Nominal annual rate (%)Loan term (years)

Estimated monthly payment

$1,980.12

Estimated total interest

$18,807.19

Estimated total repaid

$118,807.19

Loan principal ($)

$100,000.00

First 12 months

Month 1

Payment: $1,980.12
Principal: $1,396.79
Interest: $583.33
Balance: $98,603.21

Month 2

Payment: $1,980.12
Principal: $1,404.93
Interest: $575.19
Balance: $97,198.28

Month 3

Payment: $1,980.12
Principal: $1,413.13
Interest: $566.99
Balance: $95,785.15

Month 4

Payment: $1,980.12
Principal: $1,421.37
Interest: $558.75
Balance: $94,363.78

Month 5

Payment: $1,980.12
Principal: $1,429.66
Interest: $550.46
Balance: $92,934.11

Month 6

Payment: $1,980.12
Principal: $1,438.00
Interest: $542.12
Balance: $91,496.11

Month 7

Payment: $1,980.12
Principal: $1,446.39
Interest: $533.73
Balance: $90,049.71

Month 8

Payment: $1,980.12
Principal: $1,454.83
Interest: $525.29
Balance: $88,594.88

Month 9

Payment: $1,980.12
Principal: $1,463.32
Interest: $516.80
Balance: $87,131.57

Month 10

Payment: $1,980.12
Principal: $1,471.85
Interest: $508.27
Balance: $85,659.72

Month 11

Payment: $1,980.12
Principal: $1,480.44
Interest: $499.68
Balance: $84,179.28

Month 12

Payment: $1,980.12
Principal: $1,489.07
Interest: $491.05
Balance: $82,690.20

Month	Payment	Principal	Interest	Balance
1	$1,980.12	$1,396.79	$583.33	$98,603.21
2	$1,980.12	$1,404.93	$575.19	$97,198.28
3	$1,980.12	$1,413.13	$566.99	$95,785.15
4	$1,980.12	$1,421.37	$558.75	$94,363.78
5	$1,980.12	$1,429.66	$550.46	$92,934.11
6	$1,980.12	$1,438.00	$542.12	$91,496.11
7	$1,980.12	$1,446.39	$533.73	$90,049.71
8	$1,980.12	$1,454.83	$525.29	$88,594.88
9	$1,980.12	$1,463.32	$516.80	$87,131.57
10	$1,980.12	$1,471.85	$508.27	$85,659.72
11	$1,980.12	$1,480.44	$499.68	$84,179.28
12	$1,980.12	$1,489.07	$491.05	$82,690.20

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Assumptions and limitations

Fixed-rate amortizing loan with level monthly payments. Nominal annual rate divided by 12. Excludes fees, insurance, tax, changes in interest rates, grace periods and penalties. Actual lender terms may differ.

No financial details are transmitted to HorizonL to perform these calculations. Everything runs locally in your browser.

Read the practical guide : Business financing guide →

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