Hard Money Loan Cost Calculator
Calculate the true cost of a hard money loan. Enter the loan amount, points, interest rate, and term to see your origination fees, monthly interest, and total borrowing cost.
Loan Terms
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pts
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mo
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Cost Breakdown
Loan Amount$200,000
Origination Fee (2 pts)$4,000
Monthly Interest Payment$2,000.00
Total Interest (12 mo)$24,000
Additional Fees$1,500
Total Cost of Capital$29,500
Cost per Month$2,458.33
Effective Annual Cost14.75%
Hard money loans are interest-only with a balloon payment at maturity. Your monthly payment is the interest only; the full principal is due at the end of the term.
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