Hard Money Loan Calculator

Hard money is short-term and expensive. See what it really costs over your hold time before you choose a lender.

How it works

• Most hard money loans are interest-only: monthly payment = loan × rate ÷ 12.
• Points are paid up front: 2 points = 2% of the loan.
• Total cost = points + fees + monthly interest × months held.

Frequently asked questions

What are typical hard money terms?

Rates around 10–14%, 1–3 points, 6–18 month terms, and financing of up to 85–90% of the purchase and up to 100% of the rehab for experienced borrowers. Terms vary widely by lender and experience.

How can I lower the cost?

Finish faster. Each month of holding adds a full interest payment, so a tight rehab schedule saves more than shopping half a point.