Hard Money Lender Loan Calculator

Enter your loan amount, interest rate, and loan term into the calculator to determine your monthly payment.

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Loan Calculation Formula

The following formula is used to calculate the monthly payment for a loan.

Monthly Payment = Loan Amount * (Interest Rate / 100 / 12) / (1 - (1 / (1 + (Interest Rate / 100 / 12)) ^ Loan Term))

Variables:

• Monthly Payment is the amount you pay every month ($)
• Loan Amount is the total amount borrowed ($)
• Interest Rate is the annual interest rate (%)
• Loan Term is the total number of months to repay the loan

To calculate the monthly payment, use the formula to plug in your loan amount, interest rate, and loan term.

What is a Hard Money Loan?

A hard money loan is a type of loan secured by real property. Typically issued by private investors or companies