Commercial Mortgages
A commercial mortgage is a loan secured by commercial real estate such as office, industrial or retail. Unlike residential properties, commercial mortgages involve much more in-depth financial analysis and typically have higher interest rates and more substantial down payments.
Whether purchasing or refinancing, understanding the nuances of commercial lending is essential in navigating the regulatory environment, local markets and government agencies that influence commercial mortgages. By working with a knowledgeable professional, commercial borrowers can make well-informed and data-driven decisions that are right for them.
Mortgage Calculator
The mortgage calculator is a useful budgeting tool that provides necessary insights for financial planning based on the loan amount (total sum being borrowed, also known as the principal), interest rate (annual percentage based on market rates) and loan term (amount of time to repay the loan in full). The calculator estimates the monthly mortgage payments due and should be considered with other financial costs associated with mortgages such as property taxes.
To calculate your estimated payments and generate a Loan Amortization Schedule, first enter the Loan Start Month, Loan Start Year, Loan Amount, Interest Rate, and Loan Length then press Calculate. Below the schedule there are options to e-mail or print the Amortization Schedule.
*ROCK Commercial Real Estate, LLC has provided this mortgage calculator for estimation purposes only. While this information has been obtained from sources believed to be reliable, we can make no guarantee, warranty, or representation about it.