Tap to get financing
Apartment Loans
Fannie Mae
Fannie MaeMultifamily Small Loan ProgramFannie Mae DUS Loans
Freddie Mac
Freddie MacSmall Balance LoansAffordable Housing Express Loans
FHA/HUD
HUD LEAN Loan ProcessingHUD 232/223(a)(7) Refinancing LoansHUD 232/223(f) LoansHUD 241(a) Supplemental LoansHUD 232 LoansHUD 223(a)(7) Refinancing LoanHUD 223(f) LoansHUD 221(d)(4) LoansHUD Apartment Loans
Non-agency
Life Company Apartment LoansHard Money Apartment LoansApartment Bridge LoansMezzanine FinancingSmall Apartment LoansBank LoansConstruction LoansCMBS Loans
Resources
BlogApartment Building InsuranceYield Maintenance CalculatorLoan Repayment CalculatorNOI CalculatorGross Rent Multiplier CalculatorDebt Service Coverage Ratio (DSCR) CalculatorDebt Yield CalculatorCash on Cash Return CalculatorCap Rate CalculatorBreak Even Ratio CalculatorApartment Mortgage CalculatorLoan To Value and Loan To Cost RatiosApartment Finance Due Diligence ResourcesHow to Purchase an Apartment Property
For Brokers
About us
TeamLeadership
(561) 556-9997
Get financing →
Newly Published
Jul 11 at Apartment Loans
Apartment Building Insurance: Comprehensively Protect Your Property
Nov 1 at Apartment Loans
What is Conduit Financing?
Sep 9 at Apartment Loans
Operating Expense Ratio Explained
Explore the Janover Network
May 26 at HUD Loans
Construction Lender Red Flags: When to Walk Away
May 23 at HUD Loans
Top Questions to Ask Your Construction Lender Early On
May 21 at HUD Loans
How Construction Draw Processes Vary by Lender
Was This Article Helpful?
4 min read

Apartment Mortgage Calculator

A helpful apartment mortgage calculator that shows monthly principal and interest payments over time as well as amortization and balloon payments where applicable.

In this article:
  1. Mortgage Payment Calculator
  2. Our apartment property mortgage calculator will help you determine:
  3. Related Questions
  4. Get Financing
Start Your Application and Unlock the Power of Choice Experience expert guidance, competitive options, and unparalleled industry expertise.
Click Here to Get Quotes →
$5.6M offered by a Bank$1.2M offered by a Bank$2M offered by an Agency$1.4M offered by a Credit UnionClick Here to Get Quotes!

Mortgage Payment Calculator

Entering into an apartment loan transaction can be a daunting affair. Truthfully speaking, there really is no shortcut to getting the apartment loan financing you need. Even so, the team at Apartment.loans has a firm belief that having the right knowledge and tools at your disposal puts you in a much better position to get the financing you deserve, in a reasonable timeframe, and at a competitive price.

One such tool that is invaluable for multifamily investors is our commercial mortgage calculator, which is designed to help provide a simple estimate of the monthly payments that will be owed on an apartment property mortgage. Using the calculator is simple, regardless of a potential investor or borrower’s level of experience with apartment financing. All that is required is to input the loan amount and interest rate, then set the amortization and term length to see the expected monthly payment figure over time.

The most important thing to keep in mind about the monthly payment figure given as a result is that it only represents the principal and interest portion of a loan payment. Depending on the terms of the apartment loan deal and / or the lender involved, the financing may have factored escrow for taxes, replacement reserves, etc. into the monthly payments to be made over the life of a loan. These figures should also be given great consideration to get a more precise estimation of the expected monthly payment.

Many prospective borrowers and investors may find using the apartment loan calculator helpful while shopping around for apartment properties in order to determine affordability. The calculator can also be an invaluable tool when refinancing an existing multifamily property loan. An amortization schedule included with the calculator depicts the proportions of interest versus principal of each payment over the selected term (while the value of each monthly payment remain the same, the interest portion typically starts high and is gradually reduced over the life of a loan, with the very last payments on a note being comprised of mostly, if not all, principal), which is an often overlooked or underplayed aspect when calculating monthly payments. There are quite a few cases in which the amortization impacts the borrower more so than the actual interest rate.

Our apartment property mortgage calculator will help you determine:

  • Principal and Interest (P&I) payments
  • Interest-only (i/o) payments
  • Balloon payments
  • The term “principal” represents the loan amount being applied for. While this value can be estimated to a reasonable closeness, it truly depends on what the lender deems you are eligible to borrow based on the scrutiny of your current finances and future business prospects. Also taken into consideration when factoring the principal amount is how much revenue the property will yield (a metric referred to as Net Operating Income) and how much your total assets cover in relation to your total debt, or “loan to value” ratio (LTV), among other factors. While there is no definitive correlation, the industry median interest rate for apartment property loans is approximately 3% above the federal rate. Beyond this, the amount of interest that will be charged to your unique loan is largely dependent on your financial strength and credit score.

    A balloon payment schedule typically sees the borrower paying off the loan in small increments over the life of the loan with much larger balloon payments at designated times throughout the loan term. Balloon payments can deal a huge blow to your finances, so due diligence must be done to ensure that your cash flow is prepared to handle balloon payments with ease throughout the duration of your loan.

    Loan terms for apartment properties are usually about 15-30 years. The loan term will affect whether your installments are big or small but they also affect how much you would have paid off in interest at the end of the loan.

    Related Questions

    How can net operating income (NOI) influence the amount of an apartment property loan?

    Net operating income (NOI) is one of the key factors that lenders consider when offering apartment financing. The NOI indicates the amount of revenue that a property has after covering operating costs, which helps lenders determine a borrower's ability to service debt.
    Learn more →

    What is DCR?

    A debt coverage ratio, also known as a debt service coverage ratio or DSCR, is a financial metric used by lenders to quantify a borrower's ability to service a loan. The DCR is calculated by dividing the annual net operating income (NOI) of a property by the annual cost of servicing the debt.
    Learn more →
    In this article:
    1. Mortgage Payment Calculator
    2. Our apartment property mortgage calculator will help you determine:
    3. Related Questions
    4. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →

Janover: Your Partner in Growth

At Janover, we offer a wide range of services tailored to your unique needs. From commercial property loans and LP management to business loans and services for lenders, we're here to help you succeed.

Learn more about Janover →
Commercial Property Loans

Get the best CRE financing on the market.

Explore Financing Options →
LP Management

Syndicate deals on autopilot with Janover Connect.

Discover LP Management →
Business Loans

Match with the right kind of loan, in record time.

Find Business Loans →
For Lenders

Supercharge your loan pipeline. Unlock more deals.

Boost Your Loan Pipeline →
Apartment Loans

Apartment Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Commercial Real Estate Loans, SBA7a Loans, HUD Loans, Janover Insurance, Janover Pro, Janover Connect, and Janover Engage.

Janover Tech Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487
(561) 556-9997 
hello@apartment.loans

Loan Types

Bank Loans
CMBS
Construction Loans
Fannie Mae
Freddie Mac
HUD/FHA Apartment Loans
Commercial Loan Rates
For Commercial Mortgage Brokers

Site Information

Privacy Policy
Terms of Use


For Commercial Mortgage Brokers

This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

This website utilizes artificial intelligence technologies to auto-generate responses, which have limitations in accuracy and appropriateness. Users should not rely upon AI-generated content for definitive advice and instead should confirm facts or consult professionals regarding any personal, legal, financial or other matters. The website owner is not responsible for damages allegedly arising from use of this website's AI.

Copyright © 2025 Janover Tech Inc. All rights reserved.

+

Fill out the form below and get the pricing and terms banks can't compete with.