Easy Constant Features
Easy Constant lets you create your own custom mortgage constant table.
Use Easy Constant to create a custom mini mortgage constant table by selecting a range of interest rates and amortization periods. For example, if you typically work loans with an interest rate range of 4% to 6% and amortization periods range from 20 to 30 years, your constant chart can be personalized to this specific range of values making it fast and easy to find and compare mortgage constants. Modify the interest rates and amortization periods at any time to meet your needs.
Easy Constant calculates monthly and yearly loan payments and instantly displays an amortization table.
Enter the loan amount, interest rate, and amortization period and Easy Constant will instantly calculate your monthly and yearly loan payments. It also provides the mortgage constant, effective interest rate, and a corresponding amortization schedule. Choose to view the amortization schedule through the balloon period (if any) or through the full amortization period. The amortization table displays eight columns of amortization information.
Easy Constant calculates key ratios related to your rent and mortgage assumptions.
Enter the NNN rent, cap rate, loan to value/cost %, interest rate and amortization period for a given deal and Easy Constant instantly displays key information such as yearly cash flow after debt and ratios such as yearly return on equity, yearly debt coverage ratio, and yearly debt yield ratio. Easy Constant takes back of the envelope calculations to the next level.
Solve for the mortgage constant if the interest rate and number of amortization years are known.
Solve for the interest rate if the mortgage constant and number of amortization years are known.
Solve for the number of amortization years if the mortgage constant and interest rate are known.
Flexible calculator options: 30/360 or actual/360.
Most loans in commercial real estate are either based on an interest rate calculation of 30/360 or actual/360. With Easy Constant, you can choose to calculate rates based on either method at any time.