Hard Money Loan Cost Calculator
Enter your loan details and instantly see monthly interest, total carrying costs, origination fees, and the impact on your deal profit. Results update in real time.
Loan Details
Adjust any field — results update instantly.
Total hard money loan you're borrowing
Typical range: 9%–13% in 2026
Upfront fee paid at closing (1 pt = 1% of loan)
How long you expect to hold the loan
Quick Presets
Loan Cost Summary
$175,000 loan · 11% · 2 pts · 9 months
Monthly Interest Cost
Charged on outstanding balance each month
$1,604
Total Interest (9 months)
$1,604 × 9 months
$14,438
Origination Fee (2 points)
Paid upfront at closing
$3,500
Total Loan Cost
Interest + origination fee
$17,938
Cost as % of Loan
10.25%
Effective Annual Rate
13.67%
All-in (rate + points)
Carrying Costs by Month
Cumulative interest + origination as the project progresses
| Month | Monthly Interest | Cumulative Interest | Total Cost (w/ origination) |
|---|---|---|---|
| Month 1 | $1,604 | $1,604 | $5,104 |
| Month 2 | $1,604 | $3,208 | $6,708 |
| Month 3 | $1,604 | $4,813 | $8,313 |
| Month 4 | $1,604 | $6,417 | $9,917 |
| Month 5 | $1,604 | $8,021 | $11,521 |
| Month 6 | $1,604 | $9,625 | $13,125 |
| Month 7 | $1,604 | $11,229 | $14,729 |
| Month 8 | $1,604 | $12,833 | $16,333 |
| Month 9Target Exit | $1,604 | $14,438 | $17,938 |
Every additional month costs $1,604. A 3-month overrun adds $4,813 to your carrying costs.
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Frequently Asked Questions
How hard money loan costs are calculated.
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Informational Use Only — Not Professional Advice
The tools and calculators provided on this page are for informational and educational purposes only. They are not intended to constitute — and should not be relied upon as — legal, financial, tax, accounting, or investment advice of any kind. All outputs are estimates based solely on the inputs you provide and may not reflect actual results, returns, or outcomes. Real estate investing involves significant risk, including the possible loss of principal invested.
Before making any investment, financing, or tax-related decision, consult with a licensed attorney, Certified Public Accountant (CPA), Registered Investment Advisor (RIA), mortgage professional, or other qualified professional who can evaluate your specific financial situation, goals, and risk tolerance. REICommunity.com makes no representations or warranties regarding the accuracy, completeness, or suitability of any tool, estimate, or calculation for any particular purpose.