$8 million loan for 7 years - calculate:

Calculate payments: $8 million loan, 7 years term.

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

Loan Amount:Payment
Every Month:
Total
Payments:
Total
Interest:
$8000000, 2.1%, 7 years $109238$9176000$1176000
$8000000, 2.8%, 7 years $113905$9568000$1568000
$8000000, 3.4%, 7 years $117905$9904000$1904000
$8000000, 3.5%, 7 years $118571$9960000$1960000
$8000000, 6%, 7 years $135238$11360000$3360000

$8 million loan for 56 months, 98 months, or 126 months:

Loan Amount:Payment
Every Month:
Total
Payments:
Total
Interest:
$8 million, 2.8%, 56 months$161524$9045333$1045333
$8 million, 3.4%, 98 months$104299$10221333$2221333
$8 million, 3.4%, 126 months$86159$10856000$2856000

Calculations applicable for many banks: Bank of America, TD Bank, U.S. Bancorp, Capital One, etc.