What would the monthly payments be on a $1.7 million loan on a 28 unit appartment complex?
Answer:
commericial property is normally over a 25 year mortgage and with current interest rates being around 8% for commerical property your payment will be 13120.88. you will most likely have to pay several points at closing.
Depends on how long your mortgage is and what your interest rate is.
around $10,000 a month not including insurance and taxes
Need to know the following information first: length of loan, amortization period, interest rate
Assuming the interest rate is 7% and the term is 25 years, your repayments will be $10,602 per month.
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