How is a bridge loan calculated?

The same way. Set the rehab budget to 0, enter the price and the loan-to-value, and the calculator shows the interest-only payment, the points and the cash to close. On our bridge loans the leverage is set per deal and confirmed on a call.

What is a fix and flip loan calculator?

A tool that models the whole deal, not just the payment: how much the loan covers, what you bring to closing, what the loan costs over the months you hold the property, and what's left after you sell.

Does the calculator include the rehab draws?

It charges interest on the full loan from day one, which is simpler and slightly conservative. In practice most lenders release rehab money in draws as work is completed, so you pay interest on less for the first few months.

No. It's an estimate with your own assumptions. Your real leverage, rate, points and fees are set in underwriting and shown on your term sheet.

Free tool

Hard Money Loan Calculator: Payment, Cash to Close and Profit

Model a fix and flip or bridge deal before you make an offer. Enter the price, the rehab, the after-repair value and the loan terms to see what you bring to closing, what the loan costs, and what's left when you sell.

The deal

Purchase price$200,000

Rehab budget

Enter 0 for a bridge loan with no renovation.

After-repair value

What the property should sell for when the work is done.

The loan

Loan-to-value on the purchase90%

Share of the rehab the loan funds100%

Interest rate8.99%

Origination points (estimate)2 points

Months until you sell or refinance8 months

Other costs

Closing costs

Title, appraisal and legal. Enter your estimate.

Selling costs at exit6%

Your estimate

Estimated profit of $32,415 after the loan and selling costs.

Loan amount: $230,000
Monthly interest-only payment: $1,723
Interest over 8 months: $13,785
Origination points: $4,600
Total cost of the loan: $18,385
Cash to close: $24,600
Selling costs at exit: $19,200

Apply with these numbers

Estimates only. Interest is counted on the full loan from day one, so the real cost is usually lower while rehab money is drawn over time. Leverage, points and fees are set on your term sheet. Not a commitment to lend.

How the numbers work

Loan amount: the share of the purchase price the loan covers, plus the share of the rehab budget it funds. Our fix and flip loans go up to 90% of the purchase and up to 100% of the rehab, if the deal qualifies.
Monthly payment: hard money is interest-only, so the payment is the loan amount times the yearly rate, divided by 12. Nothing is paid toward the balance until you exit.
Points: origination fees charged at closing, each one 1% of the loan. Lenders typically charge 1 to 3; your term sheet sets the real figure.
Cash to close: your share of the purchase price, plus points and closing costs. Rehab money you fund yourself is spent during the project, not at closing.
Profit: the after-repair value minus the purchase, the rehab, the interest, the points, your closing costs and the cost of selling.

A worked example

The calculator opens with this deal. You buy a house for $200,000 that needs $50,000 of work and should sell for $320,000 when it’s done. The loan covers 90% of the purchase and 100% of the rehab, so it comes to $230,000, and you bring $20,000 toward the price.

At 8.99% the interest-only payment is about $1,723 a month. Two points add $4,600 at closing, so cash to close is $24,600 before your own closing costs. Holding the property for eight months costs about $13,785 in interest, making the total cost of the loan about $18,385.

Selling at $320,000 with 6% selling costs leaves an estimated profit of about $32,400 before title and legal costs, which you can add above. Change any number and the estimate updates.

FAQ

Hard money calculator questions

Multiply the loan amount by the yearly interest rate, then divide by 12. A $230,000 loan at 8.99% costs about $1,723 a month, because hard money payments are interest-only.

Ready to fund your next deal?

Tell us about the property and we will come back to you with options — usually within 24 to 48 hours.

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