Every day between paying your people and being paid by your customers is money you are carrying. Three numbers will tell you how much.
A principal-and-interest commercial facility. Add a residual if you are financing an asset with a balloon at the end.
Most explainers skip this part. Enter an invoice and see the cost in dollars, and what that works out to as an annualised rate.
A standard principal-and-interest mortgage calculator. Switching from monthly to fortnightly is the single easiest way to shorten a loan — the comparison below shows by how much.
Pay half your monthly repayment every fortnight and you make 26 half-payments a year — the equivalent of 13 monthly repayments instead of 12. The extra one comes straight off the principal.
| How you pay | Each repayment | Total interest | Paid off in | Interest saved |
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