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Real Estate Investing

Hard Money Loan Calculator

Estimate the cost of a hard money loan — asset-based short-term financing used by real estate investors for fix-and-flip projects, quick acquisitions, and properties that don't qualify for conventional financing.

By Quick Loan Calculators Team, Financial Content TeamLast reviewed: April 2026
$300,000
12%

Monthly Payment (Interest-Only)

$2,100.00

Loan Amount

$210,000.00

Down Payment / Equity

$90,000.00

Origination Fee

$4,200.00

Total Interest

$25,200.00

Total Cost of Borrowing

$29,400.00

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Payment Breakdown

Payment breakdown: $210,000.00 principal (89.3%), $25,200.00 interest (10.7%)

Principal

$210,000.00 (89.3%)

Interest

$25,200.00 (10.7%)

How This Calculator Works

Hard money loans are asset-based: the loan amount is determined by LTV on the property. Most are interest-only with a balloon payment. Total cost includes interest plus origination points.

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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.