Calculator Help
- Amount required (net) $
- The net amount you need (e.g. construction funds). When a facility fee % is set, the calculator grosses up to the facility size so that after the fee, the remainder covers this amount plus interest.
- Interest rate (% p.a.)
- The nominal annual rate as quoted by the lender. Enter as a percentage (e.g. 12 for 12%).
- Capitalisation frequency
- How often interest is added to the balance (capitalised).
- Facility term (months)
- Total length of the facility in months.
- Utilisation during draw (%)
- Average percentage of the facility limit that is in use during the construction/draw period.
- Facility fee (%)
- Upfront fee as % of the facility limit (e.g. 3%).
- Effective annual rate
- The true yearly rate after capitalisation.
Calculation
Calculated facility size
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Finance cost (interest)
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Total cost (interest + fee)
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Total Facility Fees (Est.)
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Final balance
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Effective annual rate
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Months 1–12: Utilisation period
Months 13+: 100% utilisation
| Month | Opening balance | Interest | Accrued interest | Closing balance |
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