It will be fixed at 3.8% for 10 years on a 30 year amortization, how do you calculate the payment, thanks in advance!
What Is The Monthly Mortgage Payment On A Commercial Loan Of 1,200,000.00?
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$5,591.49 This just payment with interest no other charges
Ar(1 + r)^n
P = ————— This us the formula
(1 + r)^n – 1
A = Principle amount, r interest rate, n term
visit http://www.courtesyinn-commack.com/kms/h…
The monthly payments would be $55,915, but there is no way on God’s green earth that you can get a commercial loan at 3.8%, even for ten years.
There are a couple of good reviews on this topic. read over all the reviews over on http://www.loantalk.tk
4200.00