interest rate on construction loan
Contents Total interest cost Single-family home construction ticked higher Month. mortgage rates Small business administration loans Increase interest rates Short-term interest rates Therefore to compute a reasonable interest reserve, simply take the construction loan amount ($2 million) times the annual interest rate (7%) times the term of the loan (1.5 years). Then, since on average only 50% of the construction loan will be outstanding, you multiply the total interest cost by 50% to get a reasonable estimate of the interest reserve. Yet single-family home construction ticked higher for a fourth…
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