Free calculator
Loan Payment Calculator
Model a standard amortizing loan and check the debt service coverage ratio lenders will look for.
Your inputs
Typical SBA 7(a) minimum is 10%
Years
Optional — leave at 0 to skip the debt service coverage check
Your results
Monthly Payment
$4,098
Total Interest
$194,268
Principal Financed
$297,500
Total of Payments
$491,768
Debt Service Coverage Ratio
Add monthly income to check
Remaining balance over time
| Milestone | Remaining balance |
|---|---|
| Year 1 | $280,193 |
| Year 3 | $239,339 |
| Year 5 | $188,482 |
| Year 10 | $0 |
Year 1
- Remaining balance
- $280,193
Year 3
- Remaining balance
- $239,339
Year 5
- Remaining balance
- $188,482
Year 10
- Remaining balance
- $0
How this is calculated
This calculator estimates a standard fully-amortizing loan payment and, if you provide your expected monthly net operating income, checks it against the debt service coverage ratio most SBA lenders require. It's a planning estimate, not a lending decision — actual terms depend on your specific lender's underwriting.
- Principal = loan amount minus your down payment.
- Monthly payment = standard amortization: principal × monthly rate ÷ (1 − (1 + monthly rate)^−months), where monthly rate is your annual rate divided by 12.
- Total interest = total of all payments over the term minus the principal.
- Debt service coverage ratio (DSCR) = monthly net operating income ÷ monthly payment. Most SBA 7(a) lenders look for at least 1.25x — below that, a deal is harder to underwrite even if the math otherwise pencils.
- This models a standard fully-amortizing loan. It doesn't account for SBA guaranty fees, closing costs, or a variable-rate loan's rate resets — build those into your total investment separately.
Worked example
A $350,000 loan at 15% down (financing $297,500) at 11% over 10 years runs about $4,098/month — check your own numbers above.
All outputs are planning estimates, not guarantees. Consult the brand FDD and your advisors for decisions.