Can you afford to hire more staff? Call us we can help you make an informed decision.   ----------  The Church Finance Ministry provides free consultation services to affiliated Southern Baptist Churches   ----------  Need help developing your church's annual budget? Call us we can help   ----------  The average sanctuary being built in America today contains 22 square feet per seat.   ----------   The interest and fees churches pay on our loans support NAMB missions!   ----------   NAMB has provided loans to thousand's of SBC affiliated churches   ----------   CFM is a free resource of NAMB, isn't it time you called the experts   ----------   How can you safely customize a debt service specific to your congregation's need? Call us we can help   ----------   CFM welcomes the opportunity to consider loan requests from qualified SBC affiliated churches, regardless of their size or age   ----------   We are about more than just lending our mission is to strengthen your church   ----------   Which bank loan makes the most sense for your church? Call us we can help   ----------   Will the land your church is buying meet your long-term needs? Call us we can help   ----------   How many people can the average church accommodate on one acre of land? The answer….125…Call us we can help   ----------   If your church is maxed out on space, and you don't have a master plan, you may already be 3 years behind in your building needs   ----------   Volunteer Construction, Design-Build, Custom Architecture…Need help making sense of it all?  Call us we can help   ----------   NAMB has trained experts strategically positioned throughout North America ready to help your church with its facility planning and finance needs   ----------   Need help in qualifying a contractor? Call us we can help   ----------   The interest paid by churches on NAMB loans help jump start the Nehemiah Project in each of the SBC's seminaries   ----------   Your church's partnership with CFM is helping NAMB in its work with church planting throughout North America and our Strategic Focus Cities emphasis   ----------  

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Church Finance Ministry
The terms and affiliated costs that any given lender may offer your church will directly impact your monthly mortgage payment. The Church Finance Ministry of the North American Mission Board believes that it is wise to first determine how much your church can safely afford to pay each month, and then use that information as a guide to help you compare loan offers from various lenders. This approach will help you discern between multiple loan offers by keeping you focused on the true monthly cost.

See 'How Much Should Our Church Borrow?' for our thoughts on how you may safely plan for your church's financing needs.

To aid you in determining how any given lenders terms and conditions will impact your church budget we offer for your use the following mortgage calculator. Please note this is a planning tool, and its accuracy should be verified with your lender of choice. Contact your CFM consultant for additional information.

 
Loan Calculator
If you know any 3 of a loan's 4 terms (principal, interest rate, payments remaining, and payment amount), this calculator will help you to find the missing term. For example, if you know the interest rate, the payments remaining, and the payment amount, this calculator will compute the current payoff amount of the loan. All results should be interpreted as close approximations (testing to date has shown results to be accurate within .002% of the actual).

Enter the 3 known loan terms in the appropriate entry fields and click on "Compute." One empty field is required for recalculations.

No. of Payments Interest Rate Loan Amount Monthly Payment

It is important to recognize that Adjustable Rate Mortgages (ARM) and Balloon Notes may cause the effective rate of interest to be higher or lower than this scenario demonstrates.
 
 

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