SBA Loan Calculator
Estimate the monthly payment on an SBA 7(a) or 504 loan.
Inputs
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $3,373.37 | $1,185.87 | $2,187.50 | $248,814.13 |
| 2 | $3,373.37 | $1,196.25 | $2,177.12 | $247,617.87 |
| 3 | $3,373.37 | $1,206.72 | $2,166.66 | $246,411.16 |
| 4 | $3,373.37 | $1,217.28 | $2,156.10 | $245,193.88 |
| 5 | $3,373.37 | $1,227.93 | $2,145.45 | $243,965.95 |
| 6 | $3,373.37 | $1,238.67 | $2,134.70 | $242,727.28 |
| 7 | $3,373.37 | $1,249.51 | $2,123.86 | $241,477.77 |
| 8 | $3,373.37 | $1,260.44 | $2,112.93 | $240,217.32 |
| 9 | $3,373.37 | $1,271.47 | $2,101.90 | $238,945.85 |
| 10 | $3,373.37 | $1,282.60 | $2,090.78 | $237,663.25 |
| 11 | $3,373.37 | $1,293.82 | $2,079.55 | $236,369.43 |
| 12 | $3,373.37 | $1,305.14 | $2,068.23 | $235,064.28 |
| 13 | $3,373.37 | $1,316.56 | $2,056.81 | $233,747.72 |
| 14 | $3,373.37 | $1,328.08 | $2,045.29 | $232,419.64 |
| 15 | $3,373.37 | $1,339.70 | $2,033.67 | $231,079.94 |
| 16 | $3,373.37 | $1,351.43 | $2,021.95 | $229,728.51 |
| 17 | $3,373.37 | $1,363.25 | $2,010.12 | $228,365.26 |
| 18 | $3,373.37 | $1,375.18 | $1,998.20 | $226,990.08 |
| 19 | $3,373.37 | $1,387.21 | $1,986.16 | $225,602.87 |
| 20 | $3,373.37 | $1,399.35 | $1,974.03 | $224,203.52 |
| 21 | $3,373.37 | $1,411.59 | $1,961.78 | $222,791.93 |
| 22 | $3,373.37 | $1,423.95 | $1,949.43 | $221,367.98 |
| 23 | $3,373.37 | $1,436.41 | $1,936.97 | $219,931.58 |
| 24 | $3,373.37 | $1,448.97 | $1,924.40 | $218,482.60 |
| 25 | $3,373.37 | $1,461.65 | $1,911.72 | $217,020.95 |
| 26 | $3,373.37 | $1,474.44 | $1,898.93 | $215,546.51 |
| 27 | $3,373.37 | $1,487.34 | $1,886.03 | $214,059.17 |
| 28 | $3,373.37 | $1,500.36 | $1,873.02 | $212,558.81 |
| 29 | $3,373.37 | $1,513.49 | $1,859.89 | $211,045.32 |
| 30 | $3,373.37 | $1,526.73 | $1,846.65 | $209,518.59 |
| 31 | $3,373.37 | $1,540.09 | $1,833.29 | $207,978.51 |
| 32 | $3,373.37 | $1,553.56 | $1,819.81 | $206,424.94 |
| 33 | $3,373.37 | $1,567.16 | $1,806.22 | $204,857.79 |
| 34 | $3,373.37 | $1,580.87 | $1,792.51 | $203,276.92 |
| 35 | $3,373.37 | $1,594.70 | $1,778.67 | $201,682.22 |
| 36 | $3,373.37 | $1,608.66 | $1,764.72 | $200,073.56 |
| 37 | $3,373.37 | $1,622.73 | $1,750.64 | $198,450.83 |
| 38 | $3,373.37 | $1,636.93 | $1,736.44 | $196,813.90 |
| 39 | $3,373.37 | $1,651.25 | $1,722.12 | $195,162.65 |
| 40 | $3,373.37 | $1,665.70 | $1,707.67 | $193,496.94 |
| 41 | $3,373.37 | $1,680.28 | $1,693.10 | $191,816.67 |
| 42 | $3,373.37 | $1,694.98 | $1,678.40 | $190,121.69 |
| 43 | $3,373.37 | $1,709.81 | $1,663.56 | $188,411.88 |
| 44 | $3,373.37 | $1,724.77 | $1,648.60 | $186,687.11 |
| 45 | $3,373.37 | $1,739.86 | $1,633.51 | $184,947.25 |
| 46 | $3,373.37 | $1,755.09 | $1,618.29 | $183,192.16 |
| 47 | $3,373.37 | $1,770.44 | $1,602.93 | $181,421.71 |
| 48 | $3,373.37 | $1,785.93 | $1,587.44 | $179,635.78 |
| 49 | $3,373.37 | $1,801.56 | $1,571.81 | $177,834.22 |
| 50 | $3,373.37 | $1,817.33 | $1,556.05 | $176,016.89 |
| 51 | $3,373.37 | $1,833.23 | $1,540.15 | $174,183.67 |
| 52 | $3,373.37 | $1,849.27 | $1,524.11 | $172,334.40 |
| 53 | $3,373.37 | $1,865.45 | $1,507.93 | $170,468.95 |
| 54 | $3,373.37 | $1,881.77 | $1,491.60 | $168,587.18 |
| 55 | $3,373.37 | $1,898.24 | $1,475.14 | $166,688.94 |
| 56 | $3,373.37 | $1,914.85 | $1,458.53 | $164,774.09 |
| 57 | $3,373.37 | $1,931.60 | $1,441.77 | $162,842.49 |
| 58 | $3,373.37 | $1,948.50 | $1,424.87 | $160,893.99 |
| 59 | $3,373.37 | $1,965.55 | $1,407.82 | $158,928.44 |
| 60 | $3,373.37 | $1,982.75 | $1,390.62 | $156,945.69 |
How it works
SBA 7(a) loans typically amortize over up to 10 years for working capital; 504 loans for real estate run up to 25. We use standard amortization.
Frequently asked questions
How is my monthly SBA loan payment calculated?
Monthly payment uses the standard amortizing-loan formula: P × r / (1 − (1 + r)⁻ⁿ), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments.
What is amortization?
Amortization is the schedule that breaks each payment into principal and interest. Early payments are mostly interest; later payments are mostly principal.
Will paying extra each month save me money?
Yes. Any extra you pay reduces the principal immediately, which reduces all future interest. Even small extra payments can shave years off a long loan.
Does this include taxes and insurance?
Unless the calculator has dedicated fields for tax and insurance, the result is the pure principal-and-interest payment. Add escrow items separately for the full housing cost.
Is APR the same as the interest rate?
Not quite. The interest rate determines the monthly payment, while APR also includes most lender fees, so APR is usually slightly higher than the note rate.