Get an estimate of how much your commercial mortgage could cost.
Average Loan Amount
Our commercial mortgage calculator estimates your monthly commercial mortgage payments based on 4 major criteria. Loan amount, interest rate, loan term, and collateral affect your monthly mortgage payment and the total cost of the loan. Because interest rates and terms can vary depending on whether the property is an investment property or owner-occupied, we have a commercial mortgage calculator for each scenario to give you the most accurate estimates possible.
Most commercial mortgage amounts range between $150,000 and $5,000,000. How much you’re able to borrow depends on your net operating income, the type of real estate you’re using as collateral, and your property’s value in comparison to the loan amount.
The interest rate on commercial mortgages is typically 4.25–6%. Rates vary based on how long you’ve been in business and your credit score. The higher your credit score, the easier it is to open the door to a lower interest rate.
Most terms are 20–25 years and will vary by lender.
Instead of spending a day Googling rates that may or may not apply to you, take 15 minutes to find out the exact products and rates your business qualifies for. Our single application gives you access to 75+ lenders. That breaks down to an average of 12 seconds per lender. You won’t find a better investment… for your time.
To properly estimate your commercial mortgage payments, you need to look at how the sausage gets made. In addition to your loan principal, potential fees may factor into your payments.
You won’t find them here—Lendio never charges application fees. We can’t speak for everyone else, though. If you’re shopping around, make sure to ask if a lender charges application fees to avoid surprises during the application process.
Origination fees are charges a lender may have up front to offset the cost of opening a loan. When you’ve decided on a commercial mortgage, ask about the origination fees (often between 0.5 and 1% of the loan volume) so you know the full cost of your mortgage.
We can’t wave a magic wand to make your commercial mortgage payments less expensive (we wish), but you can follow a few tips to prevent them from becoming more expensive.
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