What is a BDC mortgage calculator?
As a bank focused on business financing, BDC offers commercial mortgages for Canadian entrepreneurs to finance their real estate projects. BDC can provide your business with up to 100% financing for real estate expenses for up to 25 years. As an additional benefit, you can postpone principal payment for up to 36 months at the start of the loan.
You can apply for commercial real estate financing from BDC online by filling out the form on the website.
If you are wondering what your commercial mortgage payments may look like, you can use a business loan calculator tool. Along with the regular payment amount, the calculator will give you a hint about the interest and principal paid throughout the mortgage term, as well as the total payments you will make.
BDC calculators
BDC doesn’t provide mortgage calculators on its website. Still, you can use one on our website.
Online calculator tools that BDC offers are a business loan calculator to estimate your monthly payments and the interest costs, leverage ratio calculators to evaluate your company’s long‑term solvency, liquidity ratio calculators to estimate the amount of cash and easily converted assets you have to cover your obligations, and profitability ratios to evaluate the financial viability of your business.
Why do you need a BDC mortgage calculator?
The mortgage calculator is a tool to estimate your commercial mortgage repayment costs. Knowing the property price, down payment amount, term, interest rate, and amortization period, you can calculate your regular payment based on these mortgage parameters. With these calculations, you can make informed decisions on your business finances.
How to use a BDC mortgage calculator?
To estimate the expected mortgage payment amount, fill out the required fields in the mortgage calculator with your mortgage parameters — the property price, down payment amount, term, interest rate, and amortization period. Once you do, you will see the estimated monthly payment amount, along with the principal, interest, and interest plus principal paid over the term.
Let’s assume you are buying a property for $1,800,000, the 25% down payment is $450,000, the interest rate is 6.5%, the term is four years, and the amortization period is 20 years. After entering these values into the calculator, you will get the monthly payment of $9,997, interest costs of $328,110, principal costs of $151,734, and total costs of $479,844.
How to compare BDC mortgages using a mortgage calculator
With the mortgage calculator, you can compare mortgage solutions with different parameters in terms of regular payments. To do this, modify the values entered into the calculator as input and see how your payment amount changes. This way, you can determine which mortgage solution works best for your business.