A $200 million loan commitment has an up-front fee of 20 basis points and a back-end fee of 25 basis points on the unused portion. If 25 percent of the commitment is drawn down, the total fees are

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The up-front fee is 0.0020 * $200,000,000 = $400,000. The unused portion is 75% of $200,000,000 = $150,000,000. The back-end fee is 0.0025 * $150,000,000 = $375,000. Total fees = $400,000 + $375,000 = $775,000.

A $200 Million Loan Commitment Has an Up-Front Fee of 20