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How Does a Commercial Loan Term Affect You
A recommendation by crispeterson
crispeterson's recommendation
First to recommend
For example, if you have a commercial loan term of eleven years, and you borrow $650,000 with nine percent interest, then the total amount you have to pay off in eleven years comes to $708,500. Factored over 11 years, that comes to $64,409 in yearly payments, or $5,367 per month. (via crispeterson12)
Updated Feb 15, 2009
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- Commercial building loans|Commercial Loan Review|Commercial Loan Terms
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