Hard Money Loan Calculator
See your true cost of capital: monthly interest-only payment, dollar cost of points, total interest over the term, and the all-in cost of the loan.
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Hard Money Loan Calculator FAQs
Most hard money loans are interest-only, so the monthly payment is simply the loan amount × annual rate ÷ 12. On a $250,000 loan at 11%, that is about $2,292 per month, with the principal repaid in full at payoff.
Points are an origination fee charged upfront, where one point equals 1% of the loan amount. Two points on a $250,000 loan is $5,000. Points are part of your total cost of capital, so factor them into the deal, not just the rate.
Hard money is priced for speed and flexibility, not the lowest rate. You are paying for 24-hour commitments, no appraisal, asset-based underwriting, and a lender who funds deals banks will not. On a short flip, the extra interest is usually small next to the profit that speed unlocks.
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