Commercial Buyers: Ever wondered how to get a fast, simple quote for a monthly Principal & Interest (P&I) payment?

Well, here is how:

The Example:    Amount borrowed is $500,000     for 20 yrs  at 6% interest

                     

 

So basically this means: the number of 1000s (in our case 500) multiplied with 7.65, the result is your monthly principal and interest payment for 20yrs. ($3,825)

So in another scenario you borrow only $100,000 to purchase a piece of commercial property, in a loan for 20yrs, with a 6% interest rate:

100 x 7.65 = 765/month

So if you are ready - give me a call, I'll take you out to look at properties.

 

 

David Kaufmann / EXiT Gold Realty - President Commercial DivisionRealtor ®, GRI, OAIC - Market got you lost? Take the next EXiT!

Specializing in commercial, high-end waterfront, as well as more modest, residential dwellings in Annapolis, Stevensville, Centreville and the surrounding areas.

www.KaufmannBusinessConsulting.com - 443-223-3026 cell, 410-643-4111 office,

410-643-4366 fax; [email protected] email

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