Calculating a real commercial loan

[Brandon G.]

Hello,

I am trying to calculate a commercial loan and have some questions.  I have tried to use several online calculators and they all have varying degrees of criteria.  Some require a balloon payment in years and others don't mention it.  Do all commercial loans require this balloon payment?  If so, do you refinance before or after you reach that point?

I am trying to find the real numbers I would be paying monthly but I'm finding that so many different things I read do not all align I'm not sure how to make sure I'm getting real numbers.   For example, if I am going to take out a $550,000 loan, with $100,000 down and the loan is for 20 years and the interest rate is 5%, how would I calculate this to get my real world payments so I can make sure I'm running my numbers correctly.

Thank you,

Brandon