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Hard money loan calculator for fix and flip deals
Type in the purchase price, rehab budget and after-repair value. The calculator shows your loan amount, how much of your cost is funded and the cash you bring.
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Your loan amount shows as you type. Send the deal and a loan officer follows up.
Estimate only. Loan amount is the lower of 100% of purchase plus rehab or 70% of the sale price when finished (after-repair value). Minimum loan $150,000. Business-purpose loans on investment property.
How the calculator works
The loan is the lower of two numbers: 100% of your purchase price plus rehab budget, or 70% of the after-repair value. The calculator above shows both and tells you which one sets your loan.
- Purchase and rehab funded shows how much of your total cost the loan covers.
- Loan to sale price is the loan divided by the after-repair value.
- You bring is the part of your cost above the loan.
- Highest purchase price for 100% funding is the most you can pay and still have everything funded.
Worked example
| Deal | Amount |
|---|---|
| Purchase price | $230,000 |
| Rehab budget | $65,000 |
| Total cost | $295,000 |
| After-repair value | $410,000 |
| 70% of after-repair value | $287,000 |
| You bring | $8,000 |
| Loan amount | $287,000 |
To get to 100% funding on this house, the price would need to come down to $222,000.
Get accurate numbers in
The calculator is only as good as the after-repair value you enter. Use sales of renovated houses near the property from the last few months, with similar size, beds, baths and age. Our guide to what ARV is walks through it, and the ARV and 70% rule calculator helps you set your maximum offer.
Hard money loans across Dallas–Fort Worth
We lend on investment houses throughout the DFW metroplex, in Dallas, Tarrant, Collin, Denton and surrounding counties.
Questions investors ask
Straight answers about the hard money loan calculator.
Is the calculator result a loan approval?
No. It is an estimate. A loan officer confirms your terms after reviewing the deal.
What after-repair value should I use?
Recent sales of renovated houses near the property that are similar in size, age and layout.
What if my purchase and rehab cost more than 70% of the after-repair value?
The loan stops at 70% of the after-repair value. You bring the difference between that amount and your total purchase and rehab cost.
What is the smallest loan you make?
Loans start at $150,000.
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