Commercial Loan Calculator

Commercial Loan Calculator

10,000 - 50,000 downloads

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Advanced commercial loan calculator.

Features:
Full version and free
Solve for principal, payment, rate or period
Amortization schedules
Monthly, quarterly, semi-annual, and annual compounding
Constant Payment, Constant Amortization, Interest Only
Calculation type: 360/360, 365/360, 365/365
Calculate balloon payments

Note: The interest calculation type can only be set for preparing the amortization schedule. It will not calculate the payment, rate, etc. if set to a 365/360. Why not? Because it is a complicated calculation that is dependent on the date that the loan is funded. For example, a Bank Rate method loan (365 / 360) that compounds and has a monthly payment could have 12 different answers depending on which month the loan started. Then, how the loan term relates to leap year will increase it to 48 different anwswers. Then, how many times the loan wraps around a leap year will add yet more answers. Since this is not done in practice, the calculator does not make those calculations. Please don't complain and rate the calculator low because it doesn't make a very difficult and impractical calculation. Thanks.

Tags: 365/360 loan calculator, 360 365 amortization calculator, 365 360 payment calculator, loan calculator 365/360, commercial loan calculator 365/360, 360/365 loan calculator, 365 360 loan calculator, 360/365 amortization calculator, payment calculator 365/360, amortization calculator 365/365.

Recently changed in this version

Features:
Graphically detail the annual paydown of princpal for your loan scenarios. Also, graphically detail the annual principal and interest splits of the payments of your loan scenarios.


Last activity on Commercial Loan Calculator
Comments and ratings for Commercial Loan Calculator
  • (67 stars)

    by Chathuranga Abeywardena on 14/12/2013

    Superb app

  • (67 stars)

    by arun kamble on 03/10/2013

    Good

  • (67 stars)

    by Sasi Reka on 31/08/2013

    Give fixed inttrst rate, and any 2 other variable to find third variable....! was finding a calc capable of doin this... but only this calc could accomplish it... else remaining all demanded no of months/years(term)... loved it...! Thanks a lotttttttttt

  • (67 stars)

    by Kevin Tager on 27/04/2013

    This application does not calculate commercial loans properly. I have entered in the same principal amount, rate and period. I have done this for all 3 interest type calculation 360/365, 365/365 & 365/360 and the payment amount for all 3 come up the sa

  • (67 stars)

    by Dinu Kerak on 20/02/2013

    Good

  • (67 stars)

    by A Google User on 16/09/2012

    Been making commercial loans for 23 years... This app is complete and simple to use for term loans. Allows mortgage-style or straight-line amortization. Allows 365/360 interest accrual along with standard 360/360 and 365/365 interest calculations.

  • (67 stars)

    by John on 19/05/2011

    Disappointed the monthly payment stayed the same despite a change from 365/365 to 365/360. It caused the loan to balloon instead.