ToolChurch Loan Payment Calculator
Scenario Overview
To modify the scenario, you can click on the “Edit Scenario” button above or access it by clicking here.
Estimate Summary
According to the loan terms provided, the estimated monthly payment comes to $. Additionally, the annual payment, or debt service, amounts to $.
At the conclusion of the term, which is calculated to be years, the total amount of interest and principal paid is estimated to be $ and $ respectively. This results in an estimated ending balance in the amount of $.
According to the standard cash flow ratio of 1.25 (or 125%), the Church Cash Flow must be a minimum of $. Since some lenders may permit a lower Church Cash Flow threshold, it should be noted that this is a suggested minimum amount.
This chart shows the amount of money that goes towards the payment’s principal and interest ($) throughout the year loan term.
In order to simplify the chart, only the last payment made in the year is displayed. This means that Payment (Year) 1 is the same as payment #12, payment (Year) 2 is the same as payment #24, and so on.