Financial Calculators from
Dinkytown.net
| New commercial loan: Press spacebar to hide inputs |
Monthly payment $1,266.76
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| Your annual income: Press spacebar to show inputs |
Total $0
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| Your monthly obligations: Press spacebar to show inputs |
Total $0
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| You probably do not qualify.
Unfortunately your debt service coverage of 0 is not more than 1.25. You would probably not be able to qualify for for the loan, considering the information you have given.
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Definitions
- New loan amount
- Total amount of your loan.
- Amortization in years
- Payment period in years.
- Interest rate
- Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.
- New monthly payment
- Monthly payment for this loan.
- Annual verifiable net income
- Your annual net income from IRS tax returns or other financial statements.
- Annual depreciation expense
- Since depreciation reduces your net income, but not your cash flow, we add back depreciation in calculating your total net cash income.
- Other non-cash charges
- Like depreciation, these are other non-cash charges to your net income that should be added back to calculate your total net cash income for the year.
- Real estate mortgage
- Your monthly payment for any real estate mortgages.
- Business line of credit
- Your monthly payment for any business lines of credit.
- Auto loans
- Your monthly payment for any auto loans.
- Credit cards
- Your monthly payment for any credit cards.
- Other loans
- Your monthly payment for any other outstanding loans.
- Monthly debt payments eliminated
- Enter the amount, if any, of the monthly obligations you entered above that will be paid off by this new loan.
- Debt service coverage (DSC)
- The debt service coverage is determined by dividing the total annual net cash income by the total annual debt service. If you have a DSC of 1.25 or higher, there is a good chance that you will be approved for your loan.
© Citizens Financial Group, Inc. All rights reserved. Citizens is a brand name of Citizens Bank, N.A. Member FDIC
This calculator is intended for informational purposes only and is not intended to provide today's actual rates. Your actual results may vary. Results provided by this calculator are intended for Illustrative purposes only and the accuracy is not guaranteed. This calculator does not assure the availability of or your eligibility for any specific product offered by Citizens or its affiliates, nor does the calculator predict or guarantee the actual rate.
You are viewing a third-party created calculator. Citizens assumes no responsibility for, nor does it control, endorse or guarantee any aspect of your use of this calculator.
