00 / Free tool
Loan Calculator
Calculate your monthly or biweekly loan payments, total interest cost, and view a full amortization schedule.
01 / Calculator
Loan Calculator
Monthly Payment
$5,009.49
Total Interest
$50,569
Total Amount Paid
$300,569
Payoff Date
Oct 2031
Principal vs Interest Over Time
02 / Notes
How it works
A business loan payment is calculated using the amortization formula, which spreads your repayment evenly over the loan term. Each payment includes both principal (reducing your debt) and interest (the cost of borrowing). Early in the loan, most of your payment goes toward interest. As you pay down the principal, the interest portion shrinks and more goes to principal — this is why an amortization chart shows a crossover pattern.
Formula
Monthly Payment = P × [r(1+r)ⁿ] / [(1+r)ⁿ - 1] Where: P = Loan principal r = Monthly interest rate (annual rate ÷ 12) n = Total number of payments
Why it matters for your business
Understanding your loan payments helps you budget accurately and compare financing options. A small difference in interest rate can mean tens of thousands in total cost. Use this calculator to compare loan offers side-by-side before committing.
04 / Next step
Get deeper insights with James FP&A
These calculators are just the start. Connect your accounting data and get automated financial analysis, forecasting, and real-time dashboards.