Loan payment calculator
What will your church loan actually cost each month?
Estimate your monthly payment, see every year of the schedule, and learn what each number means before you sign.
Your loan
Amortization schedule
How your balance and interest move year by year.
Lifetime payment split
Affordability check
Lenders want net income to cover the payment 1.25×. At typical operating costs (about 70% of giving), that keeps the payment under about 24% of giving.
How church loan payments work
Church loan payments are calculated the same way as any commercial amortizing loan. The loan amount (principal), annual interest rate, and loan term determine a fixed monthly payment that covers both principal and interest over the life of the loan.
Most church loans are amortized over 20 to 25 years, with rates ranging from 5.5% (denomination extension funds) to 9.75% (traditional banks). Many include a balloon maturity at 5 to 10 years, meaning the remaining balance comes due and must be refinanced.
Most church loans amortize over 20 to 25 years but mature at 5 to 10. The monthly payment is calculated against the full amortization, but the unpaid balance is due at maturity. Plan to refinance, build it into reserves, and never let the balloon date sneak up on the Board.
Typical church loan rates by lender type (2025)
Rates vary widely by lender category. Extension funds and faith-based CDFIs typically beat commercial banks by 1 to 2 points, but require denomination affiliation or membership.
| Lender type | Typical rate | Term | Notes |
|---|---|---|---|
| Denomination Extension Funds | 6.44% to 8.19% | 15-25 yr | Mission-aligned, lowest rates |
| Faith-Based Credit Unions | 6.94% to 8.69% | 15-25 yr | Flexible for smaller churches |
| Specialty Church Brokers | 7.44% to 9.69% | 15-25 yr | Shops several lenders; larger or complex deals |
| Traditional Banks | 7.94% to 10.69% | 10-20 yr | Relationship-driven; often the highest rates |
Illustrative ranges, not quotes: the 10-year Treasury (FRED, Oct 14, 2026) plus typical spreads by lender type.