Hard money loan calculator for Phoenix investors

Use this to get a feel for how a hard money deal pencils out on a Phoenix-area investment property: roughly how much you could borrow, how much cash you'd need at closing, and what the monthly interest-only payment looks like. It uses typical market ranges, so treat the results as a starting point, not a quote.

Purchase priceContract price on the property.Rehab budgetRehab dollars needed. Set to 0 for a plain purchase or bridge.After repair value (ARV)What the place should fetch once the work is finished.Your experienceTrack record changes both pricing and leverage.A finished project or a contractor license bumps the leverage up a step.

Interest rateMarket range is roughly 9% to 13%.PointsUpfront fee, commonly 1 to 3 points.Term (months)Usually 6 to 24.

Your rough numbers

Likely loan amount: $336,000; Capped at 70% of ARV.
Your equity in the deal: $89,000
Points at closing (2%): $6,720
Closing costs (title, escrow, recording): $3,360
Rough cash to close: $99,080
Interest-only monthly payment: $3,080
Total interest over 12 months: $36,960

Run your real numbers

Send us the deal and we'll come back with actual figures from a financing partner, usually within 24 hours.

Where the numbers come from

Hard money lenders size a loan two ways and take the lower number. The first is a percentage of your total project cost (purchase plus rehab), often 85% to 90% depending on experience. The second is a cap against the after repair value, commonly 65% to 75%. The cap protects the lender if the market moves while you're mid-rehab.

Payments during the loan are almost always interest-only, which keeps the monthly number low while you renovate. The principal comes back in one shot when you sell or refinance. Points are an upfront fee: one point is 1% of the loan amount, paid at closing.

What the calculator can't see

Real pricing depends on the property, the neighborhood, your exit plan and the lender's current appetite. Two deals with identical numbers can price differently. That's why the figures above are ranges, and why the next step is a real conversation about your specific project.

Looking at a specific strategy? See how the numbers differ for fix-and-flip loans, DSCR rental loans, bridge loans and new-construction loans.

Disclosure

This calculator is for illustration only. It uses typical market ranges and is not a quote, an offer, or a commitment to lend.

Ironvale Hard Money connects real estate investors with specialist financing partners. Terms, underwriting and final approval are set by the funding lender. Financing is for business-purpose investment property. Nothing on this site is a commitment to lend.