Sba Closing Costs Calculator

Monthly Payment:

When obtaining a Small Business Administration (SBA) loan, it’s essential to understand the associated costs. One of the critical factors to consider is the closing costs, as they can significantly impact your financial planning. To simplify this process, we have developed the SBA Closing Costs Calculator, which helps you estimate your monthly payments accurately.

Formula: To calculate the monthly payment for your SBA loan, we use the following formula:

Monthly Payment = (P * r * (1 + r)^n) / ((1 + r)^n – 1)


  • P represents the loan amount.
  • r is the monthly interest rate (annual interest rate divided by 12).
  • n is the total number of payments (loan term in years multiplied by 12).

How to Use: Using our SBA Closing Costs Calculator is straightforward:

  1. Enter the loan amount in dollars.
  2. Input the annual interest rate as a percentage.
  3. Specify the loan term in years.
  4. Enter the closing costs associated with your SBA loan.
  5. Click the “Calculate” button to get your estimated monthly payment.

Example: Let’s say you’re seeking an SBA loan with a loan amount of $100,000, an annual interest rate of 5%, a loan term of 10 years, and closing costs of $2,000. After entering these values into our calculator and clicking “Calculate,” you’ll find that your estimated monthly payment is $1,106.68.


  1. What are SBA closing costs? Closing costs for an SBA loan include fees and expenses associated with finalizing the loan, such as appraisal fees, attorney fees, and title insurance.
  2. Are SBA closing costs different from traditional loans? Yes, SBA closing costs may differ from those of traditional loans, as they can include SBA-specific fees and requirements.
  3. Can I roll closing costs into my SBA loan? Yes, it’s possible to include closing costs in your SBA loan, but this will affect your monthly payments.
  4. Do SBA closing costs vary by lender? Yes, closing costs can vary between different SBA lenders and loan programs.
  5. What is the typical range for SBA closing costs? SBA closing costs typically range from 2% to 5% of the loan amount.
  6. Do I need to pay SBA closing costs upfront? Closing costs are usually paid at the loan closing, but some may be rolled into the loan.
  7. Can I negotiate SBA closing costs with my lender? It’s possible to negotiate some closing costs with your lender, so it’s essential to discuss this during the loan application process.
  8. What happens if I can’t afford the closing costs? If you can’t afford the closing costs upfront, you can explore options like rolling them into the loan, but this will increase your monthly payments.
  9. Do SBA closing costs include a down payment? No, the down payment is separate from closing costs and is usually a percentage of the loan amount.
  10. How accurate is the SBA Closing Costs Calculator? The calculator provides a close estimate of your monthly payment, but final costs may vary depending on your specific loan agreement.

Conclusion: Estimating your SBA closing costs is crucial for budgeting and financial planning. Our SBA Closing Costs Calculator simplifies this process, helping you get a quick estimate of your monthly payments. Remember that this tool provides an approximate value, and you should consult with your lender for precise closing cost details when applying for an SBA loan.

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