ATLAS / PLANNING TOOLS
Business loan refinance calculator.
Compare remaining business loan repayments with a replacement loan, including switching costs and a simple payment-savings payback period.
How this model works.
Both loans are fully repaying term loans at constant nominal annual rates with equal monthly payments in arrears. No balloons, ongoing fees or rate changes are modelled.
Compare only future payments. Past fees and interest are sunk costs and are excluded.
The current outstanding principal becomes the new principal. Enter any accrued payout interest beyond principal, exit fees and establishment costs in switching costs; these are paid separately, not financed.
Simple payback divides switching costs by the monthly payment reduction. It is shown only if the whole-term comparison saves money and recovery occurs within both loan terms. It is not a discounted cash flow calculation.
ILLUSTRATIVE STARTING ASSUMPTIONS
Start with a scenario, then change it.
The tool opens with these example inputs. They are planning assumptions and do not represent a lender offer.
- Current outstanding principal ($): 50,000
- Current annual rate (%): 12
- Current remaining term (months): 36
- New annual rate (%): 9
- New term (months): 36
- All switching and exit costs ($): 1,000
Questions about this tool
Does switching actually save money?
Monthly relief can come from extending the term rather than reducing the total cost. Confirm payout figures, early-exit fees and security changes before making a decision.
Does this tool determine approval or borrowing capacity?
No. It models the values you enter. It does not assess credit history, lender eligibility or approval.
Can I change the example assumptions?
Yes. Enter figures from your own scenario or a specific written proposal, and check the model assumptions before relying on the result.
Model methodology describes Atlas’s illustrative calculation, not any provider’s underwriting rules. Check the actual proposal and obtain advice appropriate to your circumstances.