Hard Money Loan Calculator
Quickly calculate monthly payments, total loan costs, and interest for your hard money loan. Ideal for real estate investments and short-term financing needs.
Calculate Your Loan Costs
What is a Hard Money Loan?
A hard money loan is a type of short-term loan secured by real estate. These loans are commonly used by property investors or developers who need quick financing.
Why Use This Calculator?
- Transparency: Understand all loan costs, including fees and interest.
- Efficiency: Plan repayment schedules and investment returns with ease.
- Practicality: Suitable for evaluating multiple financing options.
Example Calculation
Imagine you borrow ₹50,00,000 with:
- Interest Rate: 12% annually
- Loan Term: 12 months
- Origination Fee: 2%
Results:
- Origination Fee: ₹1,00,000
- Monthly Payment: ₹4,45,833
- Total Interest: ₹4,50,000
- Total Cost: ₹55,50,000