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Estimate monthly payments, total interest, origination points, and effective APR for bridge loans and fix-and-flip financing — instantly, no signup required.
Adjust the sliders or type a value to model your deal.
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Hard money loans are typically interest-only with a balloon payment at the end. Here's the math behind each output.
Hard money loans are almost always interest-only. You pay only the accrued interest each month — principal is repaid in a lump sum at maturity.
Monthly = Loan × (Rate / 12)
Monthly interest payment multiplied by the loan term. This is your total interest cost if you hold the loan for the full term — many investors exit early.
Total Interest = Monthly × Term (months)
Points are a percentage of the loan amount paid upfront at closing. 2 points on a $500K loan = $10,000 out of pocket at closing.
Points Cost = Loan × (Points / 100)
The full cost to borrow: total interest paid over the term plus the upfront origination fee. This is your all-in financing cost.
Total Cost = Total Interest + Points Cost
APR amortizes the total cost of capital — including points — over the loan term, expressed as an annual rate. Higher than the stated rate because points are front-loaded.
APR = (Total Cost / Loan) × (12 / Term) × 100
This calculator covers interest and origination only. Real deals also include: appraisal fees ($400–$800), processing fees ($500–$2,000), title insurance, and escrow costs. Budget an additional 0.5–1.5% of loan amount for closing costs.
Submit your deal once. Reach multiple pre-vetted Houston private lenders. Compare competing term sheets and close in days, not weeks.
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