Commercial Loan Calculator
Estimate the monthly payment, total interest, and full amortization on a commercial loan in seconds. Enter the amount, rate, and term — free, no signup. Many commercial loans amortize over a long schedule but carry a shorter term with a balloon, so check the remaining balance at your term's end in the schedule.
Monthly payment
$3,033.19
- Total interest
- $113,982.84
- Total cost (principal + interest)
- $363,982.84
Export the schedule
Estimates only, for planning. Actual payments depend on your lender's rate, fees, and compounding. Not financial advice.
Why use this generator
- Estimate payments on a term loan secured by business assets.
- See the remaining balance at year 5 or 7 if your loan has a balloon.
- Compare a longer amortization against a shorter one by total interest.
- Produce a schedule for a lender, partner, or board review.
How it works
- 1Enter the loan amount, the annual interest rate (APR), and the term.
- 2See your fixed monthly payment, total interest, and total cost update instantly.
- 3Open the amortization schedule to see how each payment splits between principal and interest.
- 4Adjust the numbers to compare offers — then export the schedule (Documents Pro) to share with a lender.
Frequently asked questions
- How is a commercial loan different from a personal loan?
- Commercial loans fund a business and are usually secured by business assets or a personal guarantee, with rates and terms set on the business's cash flow and credit. They more often carry balloon structures — a long amortization (e.g. 20 years) but a shorter term (e.g. 5–7 years) at which the remaining balance is due.
- What is a balloon payment and does this calculator show it?
- A balloon is the lump-sum balance still owed when a loan's term ends before it fully amortizes. This calculator amortizes over the term you enter — to see a balloon, enter the long amortization period as the term, then read the balance column at the month your actual term ends. That balance is the balloon.
- What's a typical commercial loan rate?
- It varies with the lender, collateral, term, and the business's strength — often in the high-single digits for bank loans to established businesses, higher for newer borrowers or unsecured debt. Test a range here; the rate moves total cost more than most owners expect.
Applying for financing? Estimate what your business is worth with the Business Valuation Calculator, check what you need with the Business License Checklist, and get your free EIN.