LIBOR Calculator
Calculate interest payments on LIBOR-based loans and compare with SOFR alternatives. Note: LIBOR has been largely discontinued.
Note: LIBOR has been largely discontinued. Most new contracts use SOFR or other alternative rates. This calculator is useful for legacy contracts.
Loan Details
$
%
%
months
All-In Interest Rate
7.500%
LIBOR (5.50%) + Spread (2.00%)
Monthly Interest
$6,250
Annual Interest
$75,000
Interest Analysis
Interest per Period (30 days)$6,250
Total Interest (12 months)$75,000
Effective Annual Rate7.763%
SOFR Comparison
Equivalent SOFR Rate5.240%
All-In with SOFR7.240%
If Rate Drops 25bpsSave $2,500/yr
LIBOR to SOFR Transition
- - USD LIBOR ceased June 30, 2023
- - SOFR is the recommended replacement
- - SOFR is typically 26bps lower than LIBOR
- - Legacy contracts may include fallback language