Commercial Mortgage Calculator
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Commercial Mortgage Calculator
How To Use The Calculator
First, enter your loan amount. This isn't the value of the property you're buying, but just the loan you need to make your purchase.
Next, enter your mortgage term.
The default term is 25 years and this is the industry standard, but there is flexibility on this depending on the property you're buying and your plans for it. Extending the mortgage term reduces your monthly payments, but it means you're repaying your loan for longer and will ultimately pay more in interest throughout the course of your mortgage.
Next, enter your interest rate.
Commercial mortgage rates are typically between 7-12%, depending on the complexity of your project, your financial details and the broader economy at the time.
To get a better understanding of what your interest rate will be, we recommend:
- Speaking to our advisers about your goals to compare the market and get an estimate
- Reading our full guide to commercial mortgage rates to understand what else affects the costs
Or to get a rough idea of costs, we recommend entering 7-8% for simple commercial mortgages with a good credit history and a low loan-to-value (70% and under).
For more complex projects with unusual property locations, poor credit history, low or patchy income history or other complications, you should expect to get a higher rate. In these cases, we recommend getting in touch to speak to an adviser for a better understanding.
Finally, press calculate to get your results.
The results
Our commercial mortgage calculator calculates your monthly mortgage repayments based on the figures entered.
This is split into two sections:
- Capital and interest
- Interest only
The capital and interest figure is the total amount you'd repay each month for your commercial mortgage. Capital is the actual money you've borrowed, and interest is the bank's charge for loaning you the money.
The interest-only figure is purely the interest - so, you can see exactly how much your commercial mortgage will cost you each month in interest.
By tweaking the loan size, interest rate and mortgage term you can see how these factors affect your commercial mortgage costs, and hopefully, this informs your planning process project goals.
To speak to a qualified and experienced commercial mortgage adviser, book a free consultation below and see how we can help you.
We can give you a sense-check on your commercial mortgage plans, support you with your application process, and compare lenders and rates across the market to find you the best deal for your project.
Commercial Mortgage Case Studies
Read some of our recent case studies to le arn the ins and outs of how we secure commercial mortgages and other types of commercial finance for our clients.
Why Use Clifton Private Finance for Commercial Property Finance
As a mortgage broker, we specialise in arranging commercial property finance for business owners and individuals who require commercial finance.
Whether you need finance for a commercial property, standard buy-to-let, a House in Multiple Occupation or a mixed-use property, we have the expertise and knowledge of the financial services market to identify the most suitable funding for you.
We regularly work with private banks, specialist lenders, family offices and wealth managers who are willing to provide commercial mortgages to a range of applicants with a variety of circumstances.
Get in touch today for a no-obligation consultation with an adviser.
If you have any questions about our services or want to start making things happen please contact us
