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Draw Schedule Calculator
Lenders release construction funds against completed stages. This calculator builds a customizable draw schedule with percentage weights for each stage and shows cumulative disbursement through the build.
Stage weights sum to 100.0% — normalized.
| Stage | % of budget | Draw amount | Cumulative |
|---|---|---|---|
| Permits & site prep | 8.0% | $41,600 | $41,600 |
| Foundation | 12.0% | $62,400 | $104,000 |
| Framing | 18.0% | $93,600 | $197,600 |
| Roof & exterior | 12.0% | $62,400 | $260,000 |
| MEP rough-in | 15.0% | $78,000 | $338,000 |
| Insulation & drywall | 10.0% | $52,000 | $390,000 |
| Interior finish | 15.0% | $78,000 | $468,000 |
| Final & punchlist | 10.0% | $52,000 | $520,000 |
How to Use
- Enter the total hard-cost build budget the loan will fund.
- Adjust the default stages or replace them with your lender's schedule.
- Set the percentage weight for each stage. Weights don't need to total exactly 100% — the calculator normalizes them.
- Read the dollar draw for each stage plus the cumulative total as the build progresses.
Frequently Asked Questions
What's a typical draw schedule?
A 5–8 stage structure is most common: site prep, foundation, framing, roof/exterior dry-in, MEP rough-in, insulation/drywall, interior finish, final/punchlist. Percentages vary by builder and lender.
Who sets the schedule?
The lender sets the framework, the builder provides the percentages based on cost breakdown, and the lender's inspector verifies completion before each draw. Banks and FHA 203(k) use stricter schedules than private money.
What gets held back?
Most lenders hold back 10% of each draw as retainage until the certificate of occupancy is issued. This gives the borrower and lender leverage over final completion and punchlist items.
Can draws be accelerated?
Yes — completed milestones can be drawn sooner, but each draw typically has a 5–10 business day lender cycle for inspection, title update, and lien waiver. Plan cash flow for that gap.
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