Hard Money Loan Calculator
Hard money loans are short-term, asset-based financing typically used by real estate investors, often carrying higher rates and shorter terms than a conventional mortgage — and frequently structured as interest-only. This calculator supports both a standard amortizing payment and an interest-only monthly payment so you can model either structure.
Enter your numbers and select Calculate to see your estimated payment.
How this calculation works
For interest-only mode, monthly payment = (loan amount × annual rate) ÷ 12, with the full principal due at the end of the term. For amortizing mode, the standard amortization formula applies.
Example calculation
A $150,000 hard money loan at 11.5%, interest-only, runs about $1,438 per month, with the full $150,000 principal due at the end of the term.
Frequently asked questions
Why are hard money loan rates so much higher?
Hard money lenders take on more risk and lend against the asset rather than primarily your credit profile, so rates and fees typically run well above conventional financing.
What does interest-only mean for my payoff?
You're only paying the interest each month — the original principal balance stays the same and is due in full (or refinanced) at the end of the term.
Does this include points or origination fees?
No — this estimates the payment on the loan amount and rate you enter. Add any points or origination fees to your loan amount, or account for them separately, since they vary widely by lender.
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This calculator provides estimates for informational purposes only and is not a loan offer or financial advice. See our Disclaimer.