Calculating Mortgage Payments

[Jason Mittenzwey]

I know this may be a fairly basic question, but I am attempting to figure the monthly payments on properties I would like to purchase. I understand that my CAP rate will not include the mortgage payment so I want to ensure my deals still show some profit for myself. Is there a good way of calculating how much a building will cost me monthly? Thank you for the help!!

[Jon Holdman]

Sure.  Plug your loan amount, term (number of payments), and interest rate into Excel (PMT function) or a financial calculator and it will spit out the payment.  There are numerous online payment calculators, too, but you really want to get and learn Excel or some similar program.  Libre office is a free version.