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Tools

Calculators

Principal Loan

This calculator shows what portion of your monthly loan repayment amount will be applied to paying off the principal and the interest. As the loan balance reduces over time a larger percentage of your monthly loan repayment is applied to paying off the principal.

Debt Service Coverage

When underwriting a commercial real estate loan, one of the most important factors used to determine the approvability of a commercial mortgage request is the DSCR, commonly referred to as the debt service coverage ratio.

The DSCR is a ratio used to analyze the amount of debt that can be supported by the cash flow generated from the property. Or, simply the net income generated by the property divided by the new commercial mortgage payment.

In commercial mortgage lending, the DSCR is equivalent to the debt-to-income, or DI ratio in residential lending. Whereas in residential lending, the income and expenses used in the calculation are the borrower's, it is the exact opposite in commercial mortgage lending. The income and expenses used in calculating the DSCR ratio are derived from the commercial property.

Loan Period

When you're unsure how long you need to pay off a loan, but you know all the other factors such as interest rate, repayments for the period (monthly, fortnightly or weekly) and loan amount, then this calculator will be able to work out how long it will take to repay the loan. It is a useful indication of how much you'll need to be repaying.