Fix And Flip Loan Rate Calculator

Hard money fix-and-flip loans fund short-term renovation projects.

Purchase price

ARV

Rehab budget

LTC %

Interest rate %

Origination %

Term months

Total loan cost

$29,644

Loan amount

$263,500

Interest paid

$21,739

How the math works

Loan = (purchase + rehab) × LTC. Origination = loan × %. Interest = loan × rate × (months/12).

$310k × 85% = $263.5k loan × 3% = $7.9k origination + $263.5k × 11% × 0.75 = $21.7k interest = $29.6k total.

How to Use

Enter purchase price.
Enter ARV (after repair value).
Enter rehab budget.
Enter LTC %.
Enter interest rate %.
Enter origination fee %.
Read total cost.

Frequently Asked Questions

How do fix-and-flip loans work?

Short-term (6-24 month) hard money loan funding purchase + rehab of distressed property. Loan sized to LTC (typically 80-90%) or ARV (typically 65-75%). Rate: 9-14% during 2024-2025. Origination (points): 2-4%. Interest-only during term. Balloon at term end (sale of property). Different lenders: Kiavi, RCN Capital, Lima One, LendingHome.

Rate drivers?

Experience: first-time flipper 13-15%. Experienced (10+ flips) 9-11%. ARV LTV: up to 65% standard, 70-75% premium. LTC: 90% typical. Rehab experience: documented previous projects. Credit: 650+ typical, 680+ best. Speed: faster close = higher rate. Each factor adjusts rate 100-300 bps.

Fees breakdown?

Origination (points): 2-4% of loan. Processing: $1-3k. Appraisal: $500-1500. Title insurance: $500-2500. Inspection during rehab: $250-500 per draw. Legal: $500-2500. Closing: $500-1500. Total non-interest costs: $5-15k on $300k loan. Plus interest 9-14% for 6-18 months.

When doesn't it pencil?

Low margin deals (under 15% spread ARV to acquisition + rehab). Long timeline (12+ months). High interest rate environment. Tight ARV (highly variable market). Rural/small market (fewer comparable sales). Properties needing structural work (cost overruns likely). Institutional flippers walk away; amateur flippers often commit anyway and lose money.