Hard Money Loan Comparison
Enter terms from multiple lenders and instantly see which offers the lowest true cost of capital — including points, fees, and interest. Results update in real time.
Lowest True Cost of Capital
Lender A — 14.00% effective annual rate
Total Cost Over Term
$25,200
Annual
Origination points
Of purchase price
Per draw
If paid early
Interest Cost
$20,700
Points Cost
$4,500
All Fees
orig + draw + prepay
$250
Total Cost of Capital
$25,200
Effective Annual Rate (all-in)
14.00%
Annual
Origination points
Of purchase price
Per draw
If paid early
Interest Cost
$22,500
Points Cost
$2,700
All Fees
orig + draw + prepay
$500
Total Cost of Capital
$25,700
Effective Annual Rate (all-in)
14.28%
Annual
Origination points
Of purchase price
Per draw
If paid early
Interest Cost
$18,900
Points Cost
$5,400
All Fees
orig + draw + prepay
$2,350
Total Cost of Capital
$26,300
Effective Annual Rate (all-in)
14.61%
Side-by-Side Comparison
| Metric | #1 Lender A | #2 Lender B | #3 Lender C |
| Interest Rate | 11.5% | 12.5% | 10.5% |
| Points | 2.5 pts | 1.5 pts | 3.0 pts |
| Max LTV | 75% | 80% | 70% |
| Loan Amount | $180,000 | $180,000 | $180,000 |
| Loan Term | 12 months | 12 months | 12 months |
| Origination Fee | $0 | $500 | $0 |
| Prepay Penalty | $0 | $0 | $2,000 |
| Total Interest Cost | $20,700 | $22,500 | $18,900 |
| Points Cost | $4,500 | $2,700 | $5,400 |
| Total Cost of Capital | $25,200 | $25,700 | $26,300 |
| Effective Annual Rate | 14.00% | 14.28% | 14.61% |
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Frequently Asked Questions
Hard money lending explained for real estate investors.
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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.