Commercial Mortgage Over Payment Calculator
Find out exacly how much you could save on your commercial mortgage in hard cash by over paying your monthly repayments.
Your business could make substantial cash savings by making additional monthly payments on any commercial mortgage you have. By overpaying years could be cut from the outstanding mortgage term! Please read the notes below.
Commercial Mortgage
Over Payment Calculator
Total Mortgage Costs at the input interest rate.
- Monthly Repayment
- £000000
- Total Repayments
- £000000
Total Mortgage Costs at 0% per annum with monthly overpayments of £000
- New Total Repayments
- £000000
- New Mortgage Term
- 00 years
- Total Cash Saving
- £000000
- Total Years Saved
- 00 years
Calculator Notes
Monthly commercial mortgages payments are usually calculated on a fully amortised basis where monthly payments cover the interest and a part capital repayment. Therefore any additional payments over and above the scheduled monthly payment will reduce both the term and total interest paid.
Factors that will effect the actual savings will be whether your account is credited daily, quarterly or annually by your mortgage lender. Our calculator assumes benefits are received immediately. Only a full quote from a lender can give accurate costs for any particular mortgage loan, however actual savings could increase or decrease in line with interest rate movements.
For a confidential, no obligation discussion about your commercial mortgage loan requirements contact us on-line here or call 01223 211 613.
Eland Business Services Limited provide this commercial mortgage over payment calculator to indicate cash savings and the reduction in the mortgage term from the inputs you supply. It does not constitute a mortgage quote or that any finance application or over payment will be approved.
As "commercial mortgage brokers" we have successfully arranged the loans for many business clients in the past. Here are just a few mortgage case studies that you may find of interest [more details].