Hard Money Loan Calculator
Estimate monthly interest payments, total interest cost, and origination points on a hard money or bridge loan before you commit to the deal.
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Send Me the Deal →Frequently Asked Questions
What is a hard money loan?
A hard money loan is a short-term, asset-based loan secured by real estate. Lenders focus primarily on the property's value (and often the after-repair value) rather than the borrower's credit or income. They're commonly used for fix-and-flip projects, bridge financing, and situations where speed matters more than rate.
What interest rates do hard money lenders charge?
Hard money rates typically range from 9% to 15% annually, depending on the lender, the deal, the borrower's experience, and current market conditions. Most hard money loans are interest-only during the term, with the principal due at maturity.
What are origination points on a hard money loan?
Points are an upfront fee charged by the lender, expressed as a percentage of the loan amount. One point equals 1% of the loan. Hard money lenders typically charge 1–4 points at origination. Points are paid at closing and are separate from the ongoing interest rate.
How does hard money compare to renovation loans like FHA 203(k) or HomeStyle?
Hard money loans close faster and have fewer property condition requirements, but they carry significantly higher rates and fees. Renovation loans like FHA 203(k) and HomeStyle have lower rates and longer terms, but require more documentation and time to close. The right choice depends on your exit strategy, timeline, and whether you're owner-occupying.
Educational disclaimer: All calculators on this page are provided for informational and educational purposes only. Results are estimates based on the inputs you provide and standard financial formulas. They do not constitute a loan commitment, pre-approval, or financial advice. Actual loan terms, rates, fees, and eligibility depend on your specific situation, lender guidelines, and market conditions at the time of application. Consult a licensed mortgage professional before making any financial decisions.