This table for calculating loan payments is a good starting point for business owners contemplating a move. 


This would be your payment if you were to make equal monthly payments to amortize a loan of $1000.00*:

Term: 5 Years 10 Years 15 Years 20 Years 25 Years 30 Years
Rate:
6% 19.34 11.11 8.44 7.16 6.44 6.0
6.25% 19.45 11.23 8.57 7.31 6.6 6.14
6.5% 19.57 11.36 8.71 7.46 6.75 6.32
6.75% 19.69 11.49 8.85 7.6 6.91 6.49
7% 19.81 11.62 8.99 7.75 7.07 6.65
7.25% 19.92 11.74 9.13 7.9 7.23 6.82
7.5% 20.04 11.87 9.27 8.06 7.39 6.99
7.75% 20.16 12.0 9.41 8.21 7.55 7.16
8% 20.28 12.13 9.56 8.36 7.72 7.34
8.25% 20.4 12.27 9.7 8.52 7.88 7.51
8.5% 20.52 12.4 9.85 8.68 8.05 7.69
8.75% 20.64 12.53 9.99 8.84 8.22 7.87
9% 20.76 12.67 10.14 9.0 8.39 8.05
9.5% 21.01 12.94 10.44 9.32 8.74 8.41
10% 21.25 13.22 10.75 9.65 9.09 8.78
10.5% 21.49 13.49 11.05 9.98 9.44 9.15

2003 The Polivka Group, LLC • Counselors in Real Estate (708)485-0616. 
*These tips are provided as a courtesy to our clients and are for informational purposes only.

Sample Loan Payment Schedule. Author: Andy Polivka