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Late Fee Calculator
Calculate interest on an overdue invoice. Standard freelance rate is 1.5% per month. Adjust for your contract terms and grace period.
% per month (18.0% APR)
Days late
30
Months late
1.00
Invoice amount$2,500.00
Late fee$37.50
Total now due$2,537.50
Suggested follow-up email
Hi [Name], Invoice #[X] for $2,500.00 was due on 2026-05-09. As of today, it is 30 days past due. Per our agreement (Net 14 + 1.5% monthly late fee), the updated balance is $2,537.50. If payment has already been sent, please disregard. Otherwise, let me know the expected payment date so I can update my records. Thanks, [You]
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