Calculating Fees on a loan commitment you have approached your local bank for a start-up loan commitment for $2,500,000 needed to open an auto repair store. You have requested that the term of the loan be one-year. Your bank has offered you the following terms size of loan commitment = 2,500,000, term = 1 year, up-front fee = 15 basis point back-end fee = 30 basic points. If you take down 90 percent of the total loan commitment, calculate the total fees you have paid on this loan commitment.