Price and loan help

We’re looking at trying to buy a commercial building for our business. We’ve found one that already has tennants paying $10k/month with enough room left over for us. I’m trying to figure out exactly how financing and monthly payments is equated though. Can a traditional mortgage calculator be used to figure monthly payments on a commercial building? I think we can get into it for $1m financed.

What would be the monthly payments on that?


So long as you know the loan amount, interest rate and amortization term you can figure out the payment. It matters not if the security property is a single family home or a commercial property.