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10-19-2010, 04:48 PM
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How do you calculate monthly mortgage payment
for a 30 year commercial loan of $500k @ 3.79% fixed 10 years? Also, would that payment be the same if it was fixed for just 5 years? Please let me know the payment for 10 years and payment for 5 years if different. Thanks in advance for all your help.
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10-19-2010, 06:33 PM
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$1,579.16per month.Multiply 0.0379 X 500,000Divide the total by 12
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10-19-2010, 09:09 PM
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I use bankrate.com. They have several calculators for different types of loans.
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