Loan Calculator

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Loan Evaluation Estimator

For reference purposes only. A formal evaluation will need to be performed.

Income

Annual Undesignated Income*

Tithes and offerings not tied to any specific use.

Annual Designated Income*

Money given for a specific purpose — capital campaigns, missions, etc.

Other Income*

Rental income, merchandise, events, etc.

Giving Units*

Number of contributing households.

Expense

Operating Expenses*

All expenses excluding your current lease or mortgage payment.

Annual Lease or Mortgage*

What you currently pay for your facility.

Total Operating Expenses*

Net Operating Income (NOI)*

Loan

Anticipated Loan Amount*

This is the total amount you expect to finance.

Loan Term (in years)*

Amortization period. Churches typically choose 20 or 25 years.

Estimated Interest Rate*

What you anticipate a lender charging for the loan.

Income-to-Loan Ratio

This ratio compares your anticipated loan amount to your annual income. The first figure uses your Total Annual Income; lenders who are more conservative will use only your Annual Undesignated Income.

A lower number means the loan is small relative to what your church brings in each year.

A number in excess of 2.75-3.00 is considered to be higher risk

Using Total Annual Income 2.10

Using Undesignated Income only 2.10

Per Giving Unit

These figures spread the numbers across your giving units. Income per giving unit shows the giving strength behind the request — lenders prefer to see $1,200 or higher.

The anticipated loan payment per giving unit should generally not exceed 30% of annual income per giving unit.

Income per unit ≥ $1,200 · Payment ≤ 30% of income per unit

Total income per giving unit $4,545

Loan payment per giving unit $773

Payment as % of income per unit 17.0%

Loan Payment as a % of Income

This shows your annualized loan payment as a percentage of your annual income. The first figure uses your Total Annual Income; the conservative figure uses only your Annual Undesignated Income.

It answers a simple question: how much of each year's giving would go toward the new loan?

A percentage in excess of 30–35% is considered higher risk

Using Total Annual Income 17.0%

Using Undesignated Income only 20.0%

Debt Service Coverage Ratio

Commonly called the Debt Service Coverage Ratio, lenders use this to evaluate your capacity to service the debt obligation for the anticipated loan amount. It divides your net operating income by the new annual loan payment.

The two figures below represent the expected change from your current annual lease or mortgage to the payment associated with your anticipated loan.

A number lower than 1.20–1.25 is considered higher risk

Debt Service Coverage Ratio 2.23×

Change vs. current lease / mortgage $80,152/yr

Percent change +89.1%

Your Personal Information

Currently working with a Church Realty representative?

Yes

Are you working with a Church Realty agent?

Yes

Select Agent*

Organization

Organization Website

Your Name*

Your Position*

Email Address*

Phone*

Address

Address City State Zip

What are you trying to accomplish?