Commercial Mortgage Payment Calculator

Learn More About Commercial Mortgages & Payment Factors

Commercial mortgages are similar to residential mortgages, except the loan is taken against business real estate instead of a home. Our flexible financing plans let you use your commercial mortgage to buy, build, remodel, expand, or even refinance. It’s like a mortgage that does yoga or something. Namaste.

Loan Amount

You can get a commercial mortgage for $150,000-5,000,000. Your loan amount will depend on your property’s annual net operating income (NOI), the type of real estate you’re using as collateral, and its value in comparison to the loan (Loan to Value Ratio, or LTV). We don’t want to make you say OMG though, so we’re done with the acronyms for now...

Interest Rate

The median interest rate for commercial mortgages is usually about 3% over the prime rate (commonly called “prime plus three”). The prime rate is largely based on the federal funds rate, which means that it fluctuates. Hey, don’t blame us - blame the government. Just remember that the better your credit score is, the better your interest rate will likely be.

Term

Commercial mortgage terms are typically 15-25 years. Which means you can definitely build that sweet new retail center, expand your warehouse, or remodel your restaurant long before your loan is paid off. Unless you’re really, really slow. But we think you can do it. We’re cheering you on. Heck, we’ll even wave around some pom-poms if you want us to...
Still need help with the math? Talk to one of our personal funding managers. 800.334.1729