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Business Loan Refinance Calculator
Business Loan Refinance Calculator is a financial tool for business owners to calculate the savings from refinancing their business loan. The business refinance calculator shows business owners whether or not it is a good idea to refinance their business loan.
Business Loan Refinance Calculator |
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New Monthly Payment: |
$2,379.26 | |||||
Payoff Date: |
Mar, 2035 | |||||
Closing Cost: |
$800.00 | |||||
Other Expenses: |
$250.00 | |||||
Interest Savings: |
$9,238.96 | |||||
Total Savings: |
$8,188.96 | |||||
Business Refinance Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Apr, 2025 | 1 | $1,258.33 | $1,120.92 | $2,379.26 | $198,879.08 | |
| May, 2025 | 2 | $1,251.28 | $1,127.98 | $2,379.26 | $197,751.10 | |
| Jun, 2025 | 3 | $1,244.18 | $1,135.07 | $2,379.26 | $196,616.02 | |
| Jul, 2025 | 4 | $1,237.04 | $1,142.22 | $2,379.26 | $195,473.81 | |
| Aug, 2025 | 5 | $1,229.86 | $1,149.40 | $2,379.26 | $194,324.41 | |
| Sep, 2025 | 6 | $1,222.62 | $1,156.63 | $2,379.26 | $193,167.77 | |
| Oct, 2025 | 7 | $1,215.35 | $1,163.91 | $2,379.26 | $192,003.86 | |
| Nov, 2025 | 8 | $1,208.02 | $1,171.23 | $2,379.26 | $190,832.63 | |
| Dec, 2025 | 9 | $1,200.66 | $1,178.60 | $2,379.26 | $189,654.03 | |
| Jan, 2026 | 10 | $1,193.24 | $1,186.02 | $2,379.26 | $188,468.01 | |
| Feb, 2026 | 11 | $1,185.78 | $1,193.48 | $2,379.26 | $187,274.53 | |
| Mar, 2026 | 12 | $1,178.27 | $1,200.99 | $2,379.26 | $186,073.54 | |
| Apr, 2026 | 13 | $1,170.71 | $1,208.55 | $2,379.26 | $184,865.00 | |
| May, 2026 | 14 | $1,163.11 | $1,216.15 | $2,379.26 | $183,648.85 | |
| Jun, 2026 | 15 | $1,155.46 | $1,223.80 | $2,379.26 | $182,425.05 | |
| Jul, 2026 | 16 | $1,147.76 | $1,231.50 | $2,379.26 | $181,193.55 | |
| Aug, 2026 | 17 | $1,140.01 | $1,239.25 | $2,379.26 | $179,954.30 | |
| Sep, 2026 | 18 | $1,132.21 | $1,247.05 | $2,379.26 | $178,707.25 | |
| Oct, 2026 | 19 | $1,124.37 | $1,254.89 | $2,379.26 | $177,452.36 | |
| Nov, 2026 | 20 | $1,116.47 | $1,262.79 | $2,379.26 | $176,189.57 | |
| Dec, 2026 | 21 | $1,108.53 | $1,270.73 | $2,379.26 | $174,918.84 | |
| Jan, 2027 | 22 | $1,100.53 | $1,278.73 | $2,379.26 | $173,640.12 | |
| Feb, 2027 | 23 | $1,092.49 | $1,286.77 | $2,379.26 | $172,353.34 | |
| Mar, 2027 | 24 | $1,084.39 | $1,294.87 | $2,379.26 | $171,058.48 | |
| Apr, 2027 | 25 | $1,076.24 | $1,303.01 | $2,379.26 | $169,755.46 | |
| May, 2027 | 26 | $1,068.04 | $1,311.21 | $2,379.26 | $168,444.25 | |
| Jun, 2027 | 27 | $1,059.80 | $1,319.46 | $2,379.26 | $167,124.78 | |
| Jul, 2027 | 28 | $1,051.49 | $1,327.76 | $2,379.26 | $165,797.02 | |
| Aug, 2027 | 29 | $1,043.14 | $1,336.12 | $2,379.26 | $164,460.90 | |
| Sep, 2027 | 30 | $1,034.73 | $1,344.52 | $2,379.26 | $163,116.38 | |
| Oct, 2027 | 31 | $1,026.27 | $1,352.98 | $2,379.26 | $161,763.39 | |
| Nov, 2027 | 32 | $1,017.76 | $1,361.50 | $2,379.26 | $160,401.90 | |
| Dec, 2027 | 33 | $1,009.20 | $1,370.06 | $2,379.26 | $159,031.83 | |
| Jan, 2028 | 34 | $1,000.58 | $1,378.68 | $2,379.26 | $157,653.15 | |
| Feb, 2028 | 35 | $991.90 | $1,387.36 | $2,379.26 | $156,265.79 | |
| Mar, 2028 | 36 | $983.17 | $1,396.09 | $2,379.26 | $154,869.71 | |
| Apr, 2028 | 37 | $974.39 | $1,404.87 | $2,379.26 | $153,464.84 | |
| May, 2028 | 38 | $965.55 | $1,413.71 | $2,379.26 | $152,051.13 | |
| Jun, 2028 | 39 | $956.66 | $1,422.60 | $2,379.26 | $150,628.53 | |
| Jul, 2028 | 40 | $947.70 | $1,431.55 | $2,379.26 | $149,196.98 | |
| Aug, 2028 | 41 | $938.70 | $1,440.56 | $2,379.26 | $147,756.42 | |
| Sep, 2028 | 42 | $929.63 | $1,449.62 | $2,379.26 | $146,306.79 | |
| Oct, 2028 | 43 | $920.51 | $1,458.74 | $2,379.26 | $144,848.05 | |
| Nov, 2028 | 44 | $911.34 | $1,467.92 | $2,379.26 | $143,380.13 | |
| Dec, 2028 | 45 | $902.10 | $1,477.16 | $2,379.26 | $141,902.97 | |
| Jan, 2029 | 46 | $892.81 | $1,486.45 | $2,379.26 | $140,416.52 | |
| Feb, 2029 | 47 | $883.45 | $1,495.80 | $2,379.26 | $138,920.71 | |
| Mar, 2029 | 48 | $874.04 | $1,505.22 | $2,379.26 | $137,415.50 | |
| Apr, 2029 | 49 | $864.57 | $1,514.69 | $2,379.26 | $135,900.81 | |
| May, 2029 | 50 | $855.04 | $1,524.22 | $2,379.26 | $134,376.60 | |
| Jun, 2029 | 51 | $845.45 | $1,533.81 | $2,379.26 | $132,842.79 | |
| Jul, 2029 | 52 | $835.80 | $1,543.46 | $2,379.26 | $131,299.34 | |
| Aug, 2029 | 53 | $826.09 | $1,553.17 | $2,379.26 | $129,746.17 | |
| Sep, 2029 | 54 | $816.32 | $1,562.94 | $2,379.26 | $128,183.23 | |
| Oct, 2029 | 55 | $806.49 | $1,572.77 | $2,379.26 | $126,610.46 | |
| Nov, 2029 | 56 | $796.59 | $1,582.67 | $2,379.26 | $125,027.79 | |
| Dec, 2029 | 57 | $786.63 | $1,592.62 | $2,379.26 | $123,435.17 | |
| Jan, 2030 | 58 | $776.61 | $1,602.64 | $2,379.26 | $121,832.52 | |
| Feb, 2030 | 59 | $766.53 | $1,612.73 | $2,379.26 | $120,219.79 | |
| Mar, 2030 | 60 | $756.38 | $1,622.87 | $2,379.26 | $118,596.92 | |
| Apr, 2030 | 61 | $746.17 | $1,633.09 | $2,379.26 | $116,963.83 | |
| May, 2030 | 62 | $735.90 | $1,643.36 | $2,379.26 | $115,320.47 | |
| Jun, 2030 | 63 | $725.56 | $1,653.70 | $2,379.26 | $113,666.77 | |
| Jul, 2030 | 64 | $715.15 | $1,664.10 | $2,379.26 | $112,002.67 | |
| Aug, 2030 | 65 | $704.68 | $1,674.57 | $2,379.26 | $110,328.10 | |
| Sep, 2030 | 66 | $694.15 | $1,685.11 | $2,379.26 | $108,642.99 | |
| Oct, 2030 | 67 | $683.55 | $1,695.71 | $2,379.26 | $106,947.27 | |
| Nov, 2030 | 68 | $672.88 | $1,706.38 | $2,379.26 | $105,240.89 | |
| Dec, 2030 | 69 | $662.14 | $1,717.12 | $2,379.26 | $103,523.77 | |
| Jan, 2031 | 70 | $651.34 | $1,727.92 | $2,379.26 | $101,795.85 | |
| Feb, 2031 | 71 | $640.47 | $1,738.79 | $2,379.26 | $100,057.06 | |
| Mar, 2031 | 72 | $629.53 | $1,749.73 | $2,379.26 | $98,307.33 | |
| Apr, 2031 | 73 | $618.52 | $1,760.74 | $2,379.26 | $96,546.59 | |
| May, 2031 | 74 | $607.44 | $1,771.82 | $2,379.26 | $94,774.77 | |
| Jun, 2031 | 75 | $596.29 | $1,782.97 | $2,379.26 | $92,991.80 | |
| Jul, 2031 | 76 | $585.07 | $1,794.18 | $2,379.26 | $91,197.62 | |
| Aug, 2031 | 77 | $573.79 | $1,805.47 | $2,379.26 | $89,392.15 | |
| Sep, 2031 | 78 | $562.43 | $1,816.83 | $2,379.26 | $87,575.31 | |
| Oct, 2031 | 79 | $550.99 | $1,828.26 | $2,379.26 | $85,747.05 | |
| Nov, 2031 | 80 | $539.49 | $1,839.77 | $2,379.26 | $83,907.28 | |
| Dec, 2031 | 81 | $527.92 | $1,851.34 | $2,379.26 | $82,055.94 | |
| Jan, 2032 | 82 | $516.27 | $1,862.99 | $2,379.26 | $80,192.95 | |
| Feb, 2032 | 83 | $504.55 | $1,874.71 | $2,379.26 | $78,318.24 | |
| Mar, 2032 | 84 | $492.75 | $1,886.51 | $2,379.26 | $76,431.74 | |
| Apr, 2032 | 85 | $480.88 | $1,898.37 | $2,379.26 | $74,533.36 | |
| May, 2032 | 86 | $468.94 | $1,910.32 | $2,379.26 | $72,623.04 | |
| Jun, 2032 | 87 | $456.92 | $1,922.34 | $2,379.26 | $70,700.71 | |
| Jul, 2032 | 88 | $444.83 | $1,934.43 | $2,379.26 | $68,766.27 | |
| Aug, 2032 | 89 | $432.65 | $1,946.60 | $2,379.26 | $66,819.67 | |
| Sep, 2032 | 90 | $420.41 | $1,958.85 | $2,379.26 | $64,860.82 | |
| Oct, 2032 | 91 | $408.08 | $1,971.18 | $2,379.26 | $62,889.64 | |
| Nov, 2032 | 92 | $395.68 | $1,983.58 | $2,379.26 | $60,906.07 | |
| Dec, 2032 | 93 | $383.20 | $1,996.06 | $2,379.26 | $58,910.01 | |
| Jan, 2033 | 94 | $370.64 | $2,008.62 | $2,379.26 | $56,901.39 | |
| Feb, 2033 | 95 | $358.00 | $2,021.25 | $2,379.26 | $54,880.14 | |
| Mar, 2033 | 96 | $345.29 | $2,033.97 | $2,379.26 | $52,846.17 | |
| Apr, 2033 | 97 | $332.49 | $2,046.77 | $2,379.26 | $50,799.40 | |
| May, 2033 | 98 | $319.61 | $2,059.64 | $2,379.26 | $48,739.76 | |
| Jun, 2033 | 99 | $306.65 | $2,072.60 | $2,379.26 | $46,667.16 | |
| Jul, 2033 | 100 | $293.61 | $2,085.64 | $2,379.26 | $44,581.51 | |
| Aug, 2033 | 101 | $280.49 | $2,098.77 | $2,379.26 | $42,482.75 | |
| Sep, 2033 | 102 | $267.29 | $2,111.97 | $2,379.26 | $40,370.78 | |
| Oct, 2033 | 103 | $254.00 | $2,125.26 | $2,379.26 | $38,245.52 | |
| Nov, 2033 | 104 | $240.63 | $2,138.63 | $2,379.26 | $36,106.89 | |
| Dec, 2033 | 105 | $227.17 | $2,152.09 | $2,379.26 | $33,954.80 | |
| Jan, 2034 | 106 | $213.63 | $2,165.63 | $2,379.26 | $31,789.18 | |
| Feb, 2034 | 107 | $200.01 | $2,179.25 | $2,379.26 | $29,609.93 | |
| Mar, 2034 | 108 | $186.30 | $2,192.96 | $2,379.26 | $27,416.96 | |
| Apr, 2034 | 109 | $172.50 | $2,206.76 | $2,379.26 | $25,210.20 | |
| May, 2034 | 110 | $158.61 | $2,220.64 | $2,379.26 | $22,989.56 | |
| Jun, 2034 | 111 | $144.64 | $2,234.62 | $2,379.26 | $20,754.94 | |
| Jul, 2034 | 112 | $130.58 | $2,248.67 | $2,379.26 | $18,506.27 | |
| Aug, 2034 | 113 | $116.44 | $2,262.82 | $2,379.26 | $16,243.45 | |
| Sep, 2034 | 114 | $102.20 | $2,277.06 | $2,379.26 | $13,966.39 | |
| Oct, 2034 | 115 | $87.87 | $2,291.39 | $2,379.26 | $11,675.00 | |
| Nov, 2034 | 116 | $73.46 | $2,305.80 | $2,379.26 | $9,369.20 | |
| Dec, 2034 | 117 | $58.95 | $2,320.31 | $2,379.26 | $7,048.89 | |
| Jan, 2035 | 118 | $44.35 | $2,334.91 | $2,379.26 | $4,713.98 | |
| Feb, 2035 | 119 | $29.66 | $2,349.60 | $2,379.26 | $2,364.38 | |
| Mar, 2035 | 120 | $14.88 | $2,364.38 | $2,379.26 | $0.00 | |
Original vs. Mortgage Refinance |
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| Original | Mortgage Refinance | |||||
| Monthly Payment | $2,238.48 | $2,379.26 | ||||
| Total Interest | $94,749.91 | $85,510.94 | ||||
| Total Principal | $200,000.00 | $200,000.00 | ||||
| Total Payment | $294,749.91 | $285,510.94 | ||||
| Closing Cost | $0 | $800.00 | ||||
| Other Expenses | $0 | $250.00 | ||||
| Total Interest Savings | $0 | $9,238.96 | ||||
| Total Savings | $0 | $8,188.96 | ||||
| Payoff Date | Mar, 2036 | Mar, 2035 | ||||
Business Loan Comparison Calculator