$16 million loan for 5 years - calculate:

Calculate payments: $16 million loan, 5 years term.

Loan calculator:
Loan:   $     interest rate:   %     for:   years and   months

Loan Amount:Payment
Every Month:
Total
Payments:
Total
Interest:
$16000000, 2.4%, 5 years $298667$17920000$1920000
$16000000, 2.8%, 5 years $304000$18240000$2240000
$16000000, 3.2%, 5 years $309333$18560000$2560000
$16000000, 3.7%, 5 years $316000$18960000$2960000
$16000000, 7%, 5 years $360000$21600000$5600000

$16 million loan for 40 months, 70 months, or 90 months:

Loan Amount:Payment
Every Month:
Total
Payments:
Total
Interest:
$16 million, 2.8%, 40 months$437333$17493333$1493333
$16 million, 3.2%, 70 months$271238$18986667$2986667
$16 million, 3.2%, 90 months$220444$19840000$3840000

Calculations applicable for many banks: Bank of America, TD Bank, Wells Fargo, JP Morgan Chase & Co., etc.