Canada version
How it works
Calculate a level-payment business loan with financed and up-front fees separated.
This is the Canada planning view, with monetary inputs and outputs in CAD. A currency label does not establish that a tax rate, construction price, coverage rule or legal limit has been verified locally. The inputs and limitations below describe the actual scope.
Input query strings and outputs
Use an input name in this page’s URL as ?name=value, and join additional inputs with &. Portable shared links may instead use the compact ?ac= state parameter.
Input query strings
5-
?principal=Loan principal before financed feesMoney · Required · Default: 50,000
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?annualRate=Annual nominal interest ratePercentage · Required · Default: 8
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?months=Monthly paymentsNumber · Required · Default: 60
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?financedFees=Fees added to principalMoney · Required · Default: 0
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?upfrontFees=Fees paid separately up frontMoney · Required · Default: 0
Outputs
5-
financedPrincipalTotal financed principalCurrency · Currency: CAD
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monthlyPaymentLevel monthly paymentCurrency · Primary output · Currency: CAD
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totalPaymentsTotal scheduled loan paymentsCurrency · Currency: CAD
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interestInterest over scheduled termCurrency · Currency: CAD
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totalCostInterest plus all entered feesCurrency · Currency: CAD
Formula
monthly payment = financed principal × monthly rate ÷ (1 − (1 + monthly rate)^−months).
Calculations retain numeric precision internally. Displayed values are rounded for readability. Quantities that must be purchased as whole units are rounded up only where the formula explicitly requires it.
Read the inputs before calculating
- Loan principal before financed fees: Enter the quantity described by the label.
- Annual nominal interest rate: Enter the quantity described by the label.
- Monthly payments: Enter the quantity described by the label.
- Fees added to principal: Enter the quantity described by the label.
- Fees paid separately up front: Enter the quantity described by the label.
Reproducible worked example
The following is a fictional arithmetic example, not a local quote, a verified claimant or a market forecast. Its values are included so the formula can be checked. The form does not automatically confirm any verification checkbox.
| Input | Example value |
|---|---|
| Loan principal before financed fees | 50,000 |
| Annual nominal interest rate | 8 |
| Monthly payments | 60 |
| Fees added to principal | 0 |
| Fees paid separately up front | 0 |
| Output | Calculated result |
|---|---|
| Total financed principal | CAD 50,000 |
| Level monthly payment | CAD 1,013.8197 |
| Total scheduled loan payments | CAD 60,829.1829 |
| Interest over scheduled term | CAD 10,829.1829 |
| Interest plus all entered fees | CAD 10,829.1829 |
Interpreting a changed assumption
Start with one complete scenario and change only one input when diagnosing a difference. Recheck units, the period of every rate, whether an amount is recurring or one-off, and whether a cost is already included elsewhere. A larger calculated benefit is not evidence that an assumption is more likely to occur.
Limitations
- This uses entered contract assumptions. It is not lending approval, personalized financial advice or a substitute for the actual fee schedule and local credit/tax rules.
- No balloon, variable rate, revolving redraw, grace period or daily-interest convention is modeled. A factor-rate offer is not an annual nominal interest rate.
Frequently asked questions
What does this Business Loan Payment result represent?
Calculate a level-payment business loan with financed and up-front fees separated. It applies the displayed formula to your inputs; it does not infer omitted facts.
Are the starting amounts verified Canada prices or legal rules?
No. Numeric defaults are illustrative unless an input or dated reference explicitly identifies a researched component. Currency is CAD; local quotes, eligibility and unsupported rules must be entered and verified separately.
What must I check before relying on the result?
This uses entered contract assumptions. It is not lending approval, personalized financial advice or a substitute for the actual fee schedule and local credit/tax rules.
Can I compare or share different assumptions?
Change one assumption at a time and use the browser-local project or share controls. A shared URL contains the encoded input values; do not include information you do not wish to disclose.
Sources and reference scope
- CFPB loan-estimate explanation — retrieved 2026-09-24. US cost components; the general amortization formula is stated separately.
- CFPB comparing borrowing costs — retrieved 2026-09-24. Distinguishing interest, principal, fees and timing in a comparison.
These references support only their stated scope. They are not evidence that every local rule or price needed by the master expansion has been loaded.