Estimate Your Loan Payment and Plan For It!
You can utilize the calculator below to estimate your monthly mortgage payment! It will helpful for you to plan the property purchase by knowing the monthly loan payment.
The smartest way to use a calculator for SBA 504 loan:
Step 1. Know how much will be financed from Third Party Lender (TPL) and CDC/SBA
Step 2. Estimates the interest rate for both TPL and CDC/SBA
Step 3. Type TPL's loan amount with the rate and make a note of monthly payment
Step 4. Type CDC/SBA's loan amount with the rate and make a note of monthly payment
Step 5. Add the number from Step 3 and Step 4. It will provide you a very close number to your monthly mortgage payment for SBA 504 loan.