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For more information on using our commercial mortgage calculator to determine a monthly payment and various factors that commercial mortgage lenders use to determine their rates, please see our blog article and How Lenders Determine Commercial Mortgage Rates.In addition, the following explanation of terms may be helpful when discussing a loan transaction with a lender: ADJUSTABLE RATE MORTGAGE – also called an “ARM” loan, is a loan with an interest rate that changes after a fixed rate period.The commercial mortgage calculator will output the monthly payment to be paid.The monthly payment covers principal and interest only.

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When a fixed dollar amount is known for that debt -- meaning the debt is clear and undisputed by either party -- the debt is known as a liquidated debt.Many lenders escrow for taxes, insurance and replacement reserves.If these escrows are required, you will need to add those amounts to the monthly payment in order to calculate the true monthly cost of your loan.Whether it is a home loan, car loan or student loan, these types of liquidated debts represent an exact dollar amount that must be paid back by the loan's maturity date.For example, if a bank lends you ,000 on a two-year promissory note, the amount due at the loan's maturity date is clear.Many borrowers find it helpful to use a commercial mortgage calculator in advance of shopping for a property or refinancing their existing loan to get an idea as to what they can afford.

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