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The loan amount, the interest rate, and the term of the mortgage can have a dramatic effect on the total amount you will eventually pay for the property. Further, mortgage payments typically will include monthly allocations of property taxes, hazard insurance, and (if applicable) private mortgage insurance (PMI). Use our mortgage calculator to see the impact of these variables along with an amortization schedule. Accurately calculating your mortgage can be a critical first step when determining your budget.
A business mortgage calculator is a simple online tool that helps commercial property and small business owners in Canada figure out their commercial real estate loans. Using basic math formulas, this free calculator takes the numbers you enter and does all the hard work for you. It shows you how much you'll pay each month, the total cost of your loan, and ways you could save money.
To use our business mortgage calculator online, you'll need to input information in two main sections:
Mortgage Loan Information
Property Information
For small business owners in Canada, this calculator can help evaluate different scenarios. For example, on a $500,000 CAD commercial property mortgage with a 4.5% interest rate over 25 years (300 months), you can quickly determine your monthly payments and total costs, including property taxes and insurance estimates.
The calculator provides several key pieces of information:
For example, you can quickly see your monthly payments and total interest costs on a $500,000 CAD commercial property with a 5-year term at 4.5% interest. This helps determine if the mortgage terms align with your business's cash flow.
To make a comprehensive financial assessment, consider using these additional tools:
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.