Monthly Payment
Calculator
Calculate your monthly loan payment based on loan amount, interest rate, and loan term.
Understanding Your Monthly Payment
Your monthly payment is the cornerstone of real estate investing. Use this calculator to understand what your cash flow will look like under different loan scenarios.
Why Monthly Payment Matters
- ✓Determines your positive or negative cash flow each month
- ✓Affects your debt service coverage ratio (DSCR)
- ✓Critical for qualifying for investment loans
- ✓Changes with interest rate and loan term adjustments
Loan Details
Results
Monthly Payment
$3,160.34
Total Interest
$637,722
Total Payment
$1,137,722
Quick Tips
- •Extra payments save interest
- •Lock in your rate early
- •Refinance if rates drop
- Principal (loan amount)44%
- Interest56%
How to read this: the blue slice is the loan amount you repay; the gold slice is the total interest paid across the term. A longer term or higher rate grows the gold slice.
How Rates & Terms Affect Payments
- ✓Higher interest rates = Higher monthly payments
- ✓Longer loan terms = Lower monthly payments but more total interest
- ✓Shorter loan terms = Higher monthly payments but less total interest
- ✓ARV (Asset-Based) loans typically have higher rates but shorter terms
Common Mistakes to Avoid
- ✓Forgetting to include property taxes and insurance in your budget
- ✓Not accounting for vacancy rates in rental income
- ✓Overestimating rental income from comparable properties
- ✓Ignoring maintenance and repair reserves (typically 1-2% of property value)
Why Investors Choose Us
Access capital for investment properties with flexible terms, rapid approval, and no income documentation required.
98%
Application Approval Rate
$75K-$50M
Loan Amount Range
Min 500
Credit Score to Qualify
Key Metrics You Should Know
Debt Service Coverage Ratio (DSCR)
Monthly rent ÷ Monthly payment = DSCR. Most lenders require at least 1.25x DSCR, meaning your monthly rent must be 1.25x your monthly payment.
Loan-to-Value (LTV)
The percentage of the property value you're borrowing. Lower LTV (50-70%) typically means better loan terms and lower interest rates.
Payment Examples & Scenarios
Multifamily / Apartment Loan Example
Financing for 5+ unit residential investment properties
- Loan: $750,000 (at 20% down)
- Rate: ~8.5% | Term: 25 years
- Monthly: ~$6,240
- Total paid: ~$1,872,000
Interest paid: ~$1,122,000
Based on income-producing property cash flow
New DSCR Loan Example
Financing acquisition or cash-out with income-based underwriting
- Loan: $1,000,000 (at 25% down)
- Rate: ~9.5% | Term: 20 years
- Monthly: ~$9,650
- Total paid: ~$2,316,000
Interest paid: ~$1,316,000
Rates vary based on property DSCR and profile
Factors That Affect Your Monthly Payment
Primary Drivers
- →Loan amount: $100k increase = $500-600 more monthly (30-year)
- →Interest rate: Each 1% = $300-500 monthly impact per $300k
- →Loan term: 15-year pays ~25% more monthly than 30-year
- →Down payment: Higher down payment = lower monthly payment (e.g., 20% vs 25% down)
Investment Property Considerations
- ✓Property taxes: Typically escrowed and prorated into monthly payment
- ✓Property/Casualty insurance: Required for commercial properties
- ✓Down payment: Typically 25%–35% depending on property type
- ✓LTV: Standard 75% loan-to-value on qualified properties
Investment Property Loan Qualification
Focused on Investment & Commercial Properties Only. We specialize in financing income-producing commercial real estate and investment properties—not residential personal-use mortgages.
Minimum Credit Score
500
FICO score of 500 or higher to qualify. Higher scores typically qualify for better rates.
Standard LTV
75%
75% Loan-to-Value ratio on most stabilized properties. LTV varies by property type and condition.
Max Term
30 years
Fixed-rate loans available
What You Don't Need
- ✓No Income Documentation (No-Income / No-Doc loans available)
- ✓No Paystubs required
- ✓No Tax Returns required for many loan programs
- ✓No Asset Verification
Loans prioritize property cash flow and equity rather than personal income verification. Many programs qualify borrowers based on DSCR, property condition, and collateral.
Property Types We Serve
- →Investment Properties (Rental)
- →Multifamily Properties (5+ units)
- →Commercial Properties (Office, Retail, Industrial)
- →Mixed-Use Properties
- And other income-producing commercial properties...
Ready to Finance Your Investment Property?
Interest rates for commercial and investment property loans currently range from 6.5% to 12.5% depending on property type, borrower profile, and market conditions. Get prepared to move quickly:
Get Pre-Qualified in Minutes
Our specialists review applications in minutes. No income documentation required. Closing in as little as 3 weeks.
- ✓ Pre-qualified in minutes
- ✓ No income documentation
- ✓ Closing in as little as 3 weeks
- ✓ Competitive rates for qualified borrowers
5-minute application • Commercial Lending by New City Financial