The calculator on this page takes three entries and returns a monthly payment, the total interest and the total repaid. It does not model extra payments, DSCR or fees; the worked examples on this page cover extra payments and a DSCR check with invented figures.
Commercial term loan calculator: how it works for Duncan, OK quick-service restaurants
Type in what the loan would be: how many dollars, its rate (annual %), and how many months it runs. The calculator returns three figures: the estimated monthly payment on a level, fully amortizing loan, the total interest over the term, and the total repaid. A counter-service kitchen in Duncan, OK pricing a term loan for new fryers and a deeper stock of supplies would see these results.
| Entry or result | Figure |
|---|---|
| Amount | $44,400 |
| Rate (annual %) | 10.5 |
| Term (months) | 48 |
| Estimated monthly payment | $1,136.79 |
| Total interest | $10,165.92 |
| Total repaid | $54,565.92 |
Extra payments are where this page goes past the calculator. Adding $200 to every monthly payment on that same loan, with each extra dollar applied to principal and no prepayment fee, changes the schedule as follows (our arithmetic, worked outside the calculator).
| Item | Figure |
|---|---|
| Scheduled payment | $1,136.79 |
| Extra principal each month | $200 |
| Months to pay off | 40 instead of 48 |
| Last payment | $553.85 |
| Total interest, about | $8,289 |
| Interest saved, about | $1,877 |
DSCR commercial loan calculator math, worked for a Duncan, OK gas station
DSCR, the debt service coverage ratio, divides a business's net operating income for a year by the debt payments due in that year. The calculator on this page does not compute it, but the monthly payment it returns is the figure the ratio needs.
| Item | Figure |
|---|---|
| Loan amount | $53,200 |
| Rate (annual %) | 12.0 |
| Term (months) | 48 |
| Monthly payment (from the calculator) | $1,400.96 |
| Existing debt payments per month | $2,250.00 |
| Annual debt service | $43,811.52 |
| Net operating income for the year | $70,000 |
| DSCR (our arithmetic) | 1.60 |
A ratio above 1.00 means the year's income covers the payments with room left over; below 1.00, it does not. Which ratio a partner looks for is the partner's own standard. Extra payments leave the scheduled payment unchanged in this example, so they do not move the ratio. The station here borrows for store equipment only.
Commercial hotel loan calculator: payments on a Duncan, OK hotel's furnishings loan
A hotel or motel replacing beds, case goods, televisions and laundry machines can finance those furnishings on their own, with no property in the deal. A furnishings loan for one of the 8 traveler accommodation establishments in Stephens County, OK (CBP 2023, NAICS 7211, which includes hotels and motels) runs through the calculator like any other amount.
| Item | Figure |
|---|---|
| Amount | $82,900 |
| Rate (annual %) | 10.0 |
| Term (months) | 60 |
| Estimated monthly payment | $1,761.38 |
| Total interest | $22,782.80 |
| Total repaid | $105,682.80 |
| With $300 extra each month: months to pay off | 50 |
| Interest saved, about (our arithmetic) | $4,295 |
The building and any work on it stay outside this site; the loan in this example pays for movable furnishings.
Commercial equipment loan calculator for a Duncan, OK engineering firm's survey instruments
An engineering firm whose survey and inspection crews drive to job sites can finance survey instruments and plotters on one loan. This example adds a single lump sum instead of a monthly extra: one payment of $8,000 on top of the scheduled amount in month 12, for instance after a large client invoice is paid.
| Item | Figure |
|---|---|
| Amount | $74,200 |
| Rate (annual %) | 9.0 |
| Term (months) | 60 |
| Estimated monthly payment | $1,540.27 |
| Total interest | $18,216.20 |
| Total repaid | $92,416.20 |
| With $8,000 extra in month 12: months to pay off | 53 |
| Interest saved, about (our arithmetic) | $3,184 |
A lump sum early in the term saves more interest than the same sum near the end, because it stops interest on that amount for every remaining month.
By Tealreach Lending ยท Updated