Use the sliders to adjust your commercial mortgage requirements and interest rate and the calculator will estimate the monthly repayments. The results are return for both interest-only and repayment options. If you need to a precise amount, the input boxes will let you do so.
Whilst this commercial mortgage calculator will give you a good insight as to how much your repayments might be, it does not take into consideration any initial fees or charges such as valuation fees and conveyancing charges or any additional costs that may be incurred, such as monthly premiums associated with Self-Invested Personal Pensions.
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The advertised rate of interest on a commercial mortgage isn't always as it seems, typically mortgages repayments are calculated using amortised interest where the compounding period is the same as payment period, i.e the interest is calculated on a monthly basis so the annual rate is as advertised. However it is possible for commercial mortgages to be offered using annual compounding interest, meaning the advertised annual rate is simply divided by 12 in order to determine the monthly payment but the principle interest is only recalculated annually. For example, with a loan of £1,000,000 over 25 years at 6% per annum the monthly repayment would be £6443.00 using monthly amortisation but £6518.90 using annual compounding.