Use our Real Estate loan calculator to calculate the expenses of numerous types of real estate loans. For example, you can use our calculator as a:
- Conventional mortgage calculator
- Construction loan calculator
- Bridge loan calculator
- Blanket loan calculator
- SBA 7(a) or 504 loan calculator
Sample of How to Utilize the Real Estate Loan Calculator
For example, Tom’s Bakery wants a $1M loan to purchase a commercial real estate property priced at $1.25M. Real estate lenders will almost always require you to provide a down payment. In this case, Tom wants to put down 20% of the purchase price and have the lender cover the remaining $1M.
Tom applies for a real estate loan and receives approval for the $1M loan amount at an interest rate of 5% over 30 years.
By entering Tom’s $1M loan amount, 5% interest rate and 30-year repayment term into the Real Estate loan calculator, we can see Tom would need to pay $5,368/month for 30 years.