Hard Money Loan Calculator – Points, LTV/LTC, Interest-Only Balloon & Profit

Hard money loan calculator with LTV/LTC caps, points, fees, interest-only vs amortizing payments, cash to close, total financing cost, flip profit & ROI, and printable schedule.

Full original guide (expanded)

Formula (extracted text)
Loan caps: \( \text{Loan}_{LTV} = \text{LTV}\_{\%} \times \text{ARV} \) \( \text{Loan}_{LTC} = \text{LTC}\_{\%} \times (\text{Purchase} + \text{Rehab}) \) \( \text{Loan} = \min\big(\text{Loan}_{LTV},\ \text{Loan}_{LTC}\big) \) Points (paid at closing): \( \text{Points\$} = \text{Loan} \times \text{Points}\_{\%} \) Interest-only payment per month: \( \text{Pmt} = \text{Loan} \times \dfrac{\text{APR}}{12} \) Amortizing payment: \( \text{Pmt} = P \cdot \dfrac{i(1+i)^n}{(1+i)^n-1} \) where \(i=\frac{\text{APR}}{12}\), \(n=\text{months}\). Cash to close (simplified): \( \text{CashClose} = (\text{Purchase}+\text{Rehab}-\text{Loan}) + \text{Points\$} + \text{Origination} + \text{OtherClosing} \) Total financing cost: \( \text{FinanceCost} = \text{TotalInterest} + \text{Points\$} + \text{Origination} \) Profit (flip): \( \text{Profit} = \text{SalePrice} \times (1-\text{SellCost}\_{\%}) - (\text{Purchase}+\text{Rehab}) - \text{FinanceCost} - \text{Holding} \times n \) ROI on cash: \( \text{ROI} = \dfrac{\text{Profit}}{\text{CashClose}} \)
Variables and units
  • T = property tax (annual or monthly depending on input) (currency)
  • I = homeowners insurance (annual or monthly depending on input) (currency)
  • HOA = homeowners association dues (monthly) (currency)
Sources (authoritative):
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-19
0.1.0-draft · 2026-01-19
  • Initial audit spec draft generated from HTML extraction (review required).
  • Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
  • Confirm sources are authoritative and relevant to the calculator methodology.
Verified by Ugo Candido on 2026-01-19
Profile · LinkedIn
Audit: Needs review
Formula (LaTeX) + variables + units
This section shows the formulas used by the calculator engine, plus variable definitions and units.
Note: This page needs review to confirm formulas and sources.
No formulas provided in audit spec.
Variables and units
  • No variables provided in audit spec.
Sources (authoritative):
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-21
0.1.0-draft · 2026-01-21
  • Initial audit spec draft generated from HTML extraction (review required).
  • Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
  • Confirm sources are authoritative and relevant to the calculator methodology.
Verification pending · Last code update: 2026-01-21
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Formula (extracted text)
Loan caps: \( \text{Loan}_{LTV} = \text{LTV}\_{\%} \times \text{ARV} \) \( \text{Loan}_{LTC} = \text{LTC}\_{\%} \times (\text{Purchase} + \text{Rehab}) \) \( \text{Loan} = \min\big(\text{Loan}_{LTV},\ \text{Loan}_{LTC}\big) \) Points (paid at closing): \( \text{Points\$} = \text{Loan} \times \text{Points}\_{\%} \) Interest-only payment per month: \( \text{Pmt} = \text{Loan} \times \dfrac{\text{APR}}{12} \) Amortizing payment: \( \text{Pmt} = P \cdot \dfrac{i(1+i)^n}{(1+i)^n-1} \) where \(i=\frac{\text{APR}}{12}\), \(n=\text{months}\). Cash to close (simplified): \( \text{CashClose} = (\text{Purchase}+\text{Rehab}-\text{Loan}) + \text{Points\$} + \text{Origination} + \text{OtherClosing} \) Total financing cost: \( \text{FinanceCost} = \text{TotalInterest} + \text{Points\$} + \text{Origination} \) Profit (flip): \( \text{Profit} = \text{SalePrice} \times (1-\text{SellCost}\_{\%}) - (\text{Purchase}+\text{Rehab}) - \text{FinanceCost} - \text{Holding} \times n \) ROI on cash: \( \text{ROI} = \dfrac{\text{Profit}}{\text{CashClose}} \)
Variables and units
  • T = property tax (annual or monthly depending on input) (currency)
  • I = homeowners insurance (annual or monthly depending on input) (currency)
  • HOA = homeowners association dues (monthly) (currency)
Sources (authoritative):
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-19
0.1.0-draft · 2026-01-19
  • Initial audit spec draft generated from HTML extraction (review required).
  • Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
  • Confirm sources are authoritative and relevant to the calculator methodology.
Verified by Ugo Candido on 2026-01-19
Profile · LinkedIn
Audit: Needs review
Formula (LaTeX) + variables + units
This section shows the formulas used by the calculator engine, plus variable definitions and units.
Note: This page needs review to confirm formulas and sources.
No formulas provided in audit spec.
Variables and units
  • No variables provided in audit spec.
Sources (authoritative):
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-21
0.1.0-draft · 2026-01-21
  • Initial audit spec draft generated from HTML extraction (review required).
  • Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
  • Confirm sources are authoritative and relevant to the calculator methodology.
Verification pending · Last code update: 2026-01-21
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Formula (extracted text)
Loan caps: \( \text{Loan}_{LTV} = \text{LTV}\_{\%} \times \text{ARV} \) \( \text{Loan}_{LTC} = \text{LTC}\_{\%} \times (\text{Purchase} + \text{Rehab}) \) \( \text{Loan} = \min\big(\text{Loan}_{LTV},\ \text{Loan}_{LTC}\big) \) Points (paid at closing): \( \text{Points\$} = \text{Loan} \times \text{Points}\_{\%} \) Interest-only payment per month: \( \text{Pmt} = \text{Loan} \times \dfrac{\text{APR}}{12} \) Amortizing payment: \( \text{Pmt} = P \cdot \dfrac{i(1+i)^n}{(1+i)^n-1} \) where \(i=\frac{\text{APR}}{12}\), \(n=\text{months}\). Cash to close (simplified): \( \text{CashClose} = (\text{Purchase}+\text{Rehab}-\text{Loan}) + \text{Points\$} + \text{Origination} + \text{OtherClosing} \) Total financing cost: \( \text{FinanceCost} = \text{TotalInterest} + \text{Points\$} + \text{Origination} \) Profit (flip): \( \text{Profit} = \text{SalePrice} \times (1-\text{SellCost}\_{\%}) - (\text{Purchase}+\text{Rehab}) - \text{FinanceCost} - \text{Holding} \times n \) ROI on cash: \( \text{ROI} = \dfrac{\text{Profit}}{\text{CashClose}} \)
Variables and units
  • T = property tax (annual or monthly depending on input) (currency)
  • I = homeowners insurance (annual or monthly depending on input) (currency)
  • HOA = homeowners association dues (monthly) (currency)
Sources (authoritative):
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-19
0.1.0-draft · 2026-01-19
  • Initial audit spec draft generated from HTML extraction (review required).
  • Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
  • Confirm sources are authoritative and relevant to the calculator methodology.
Verified by Ugo Candido on 2026-01-19
Profile · LinkedIn
Audit: Needs review
Formula (LaTeX) + variables + units
This section shows the formulas used by the calculator engine, plus variable definitions and units.
Note: This page needs review to confirm formulas and sources.
No formulas provided in audit spec.
Variables and units
  • No variables provided in audit spec.
Sources (authoritative):
Changelog
Version: 0.1.0-draft
Last code update: 2026-01-21
0.1.0-draft · 2026-01-21
  • Initial audit spec draft generated from HTML extraction (review required).
  • Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
  • Confirm sources are authoritative and relevant to the calculator methodology.
Verification pending · Last code update: 2026-01-21
Formulas

(Formulas preserved from original page content, if present.)

Version 0.1.0-draft
Citations

Add authoritative sources relevant to this calculator (standards bodies, manuals, official docs).

Changelog
  • 0.1.0-draft — 2026-01-19: Initial draft (review required).