Free investor tool
Hard Money Loan Calculator
Run the numbers on your next deal before you talk to a lender. Enter your loan amount, purchase price and rehab budget, then adjust the rate, points and term to see your estimated monthly payment and total cost of funds.
Your deal
Estimated monthly payment (interest-only)
$1,833
- Total interest
- $22,000
- Points cost
- $4,000
- Total cost of funds
- $26,000
- Loan-to-cost
- 76.9%
Estimates only, not a lending offer. Results assume interest on the full loan balance for the whole term. They do not include closing costs, which can include appraisal, title and escrow, underwriting, document preparation, recording, wire, legal and draw inspection fees, plus holding costs such as property taxes and insurance. If you work with a mortgage broker, their fee may be charged in addition to the points shown. Actual rates, points and terms are set by the lender.
Numbers look right?
Tell us about your deal and we'll help you explore specialist financing options. All credit considered.
How to Use the Calculator
Start with the loan amount you expect to need, then add the purchase price and your renovation budget so you can see loan-to-cost. Move the sliders to test different rates, points and terms. Small changes in the rate or an extra few months on the term can make a real difference to the total cost.
Most hard money loans are interest-only, so the monthly figure covers interest and the balance is repaid when you sell or refinance. If your loan releases rehab funds in draws, you may pay interest only on what has been drawn, which would bring the real cost down.
Points are not the only cost at closing. Appraisal, title, underwriting, draw inspection and legal fees can all apply, and if you work with a mortgage broker their fee may be additional to the points. Build these into your deal budget alongside the figures above.
Planning a flip? Our guide to fix and flip loans explains how lenders look at ARV, draws and exit plans.
Frequently Asked Questions
Ready to run real numbers?
Send us the deal behind your calculation and a hard money specialist will help you explore financing options. Free, with no obligation.
Get your financing options
Share the basics and a specialist will review your options with you. All credit considered.