Hard Money Loan Calculator
Estimate monthly payment, origination points, total interest and balloon payoff for short-term hard money or bridge financing.
Free calculator · Interest-only or amortizing · Points and balloon analysis
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Hard Money Loan Cost Summary
Monthly payment
$2,395.83
Interest-only · $250,000 balloon at month 12
- Points cost, due at funding$5,000.00
- Total interest over term$28,750.00
- Balloon payoff at maturity$250,000.00
- All-in cost of capital$33,750.00
- Loan amount
- $250,000
- Term
- 12 months
- All-in cost
- $33,750
- Cost of capital
- 13.5%
Balloon at maturity. The full $250,000 principal is due in month 12. Interest-only keeps the monthly payment low, but the exit — sale or refinance — has to be in place by then.
Hard money terms vary widely by lender, asset type and exit strategy. Treat this as deal screening, not a lender quote or term sheet.
Frequently Asked Questions
What short-term capital costs
- How hard money loans work
- Short-term, property-secured financing. Terms commonly run 6 to 24 months at rates above conventional mortgages, with points up front and often a balloon at maturity.
- Origination points
- An upfront fee as a percentage of the loan: two points on $250,000 is $5,000 due at funding. Count points alongside interest in any deal analysis.
- Interest-only vs. amortizing
- Interest-only keeps the monthly payment lower but leaves the principal due at maturity. Amortizing costs more each month and pays the balance down over the term.
- All-in cost of capital
- Points plus total interest over the term: what the financing costs apart from repaying principal, to compare against funding options and projected deal economics.
- Balloon payoff and exit
- An interest-only loan needs a credible exit, usually a sale or refinance, before maturity, when the full principal falls due.
- Collateral diligence
- Lien position, payoff verification and title condition decide whether the loan is safe to fund, and how quickly it can close.
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