Skip to content

Document collection is turned off. This site can explain financing types, and it will not store bank statements until security and product availability are actually in place.

CommonLending

GUIDE

Repayment and total cost

Compare the total you would pay, not only the installment. The calculator uses numbers you type. It is not a quote.

What to line up

For an amortizing loan, line up the amount, the APR, the number of payments, and the fees. The illustration on this page does that math and labels it as an assumption.

For a refinance, line up the total still left on the current note against the total of the replacement. A smaller monthly payment can still cost more.

For a merchant cash advance, line up the dollars received and the purchased amount. Do not convert a factor rate into the APR field.

For invoice factoring, line up the dollars you would receive for a specific invoice after the discount. That is not an installment loan.

Start application

This records interest for review. It is not an approval, and the financing type stays Help me choose.

Applying has no impact to your credit. Submitting this form does not pull a credit report.

Start application

Illustrative loan math

Standard monthly amortization: the APR you type is divided by 12, the payment stays fixed, and there is no balloon. Fees you do not roll in are added to the total cost and are not part of the payment. This is not an offer. Do not type a merchant cash advance factor rate into the APR field.

Staying versus replacing

One column is the total if the current note runs the remaining months you enter, plus any payoff fee. The other is the replacement you enter. A lower monthly payment is shown as a difference. It is not labeled as savings.

If you keep the current note

If you replace it

All guides · All financing topics