Finance category
Mortgage, loan, investing, tax, and money calculators.
Private Money Loan Calculator
Private money loans come from individual investors — often family, friends, or real estate-focused networks. Rates 8-13%, flexible terms. This calculator structures a fair deal and computes borrower cost and lender yield.
Total cost to borrower
$24,000
Monthly payment
$1,250
Total interest
$22,500
Points cost
$1,500
Effective annual yield to lender
10.67%
How the math works
$150K at 10% IO for 18 months with 1 point: $1,250/mo interest + $1,500 points = $23,250 borrower cost. Lender yield 10.7%.
Private money is great when you have a track record. Lenders want collateral, experience, and trust. Treat every deal professionally — 1 bad deal ends the relationship.
How to Use
- Enter loan amount, rate, term, and any points.
- See monthly payment, total cost to borrower, and yield to lender.
Frequently Asked Questions
Private vs hard money?
Private money: individual lender, relationship-based, flexible. Hard money: professional lender, institution, standardized process. Private usually cheaper (8-12% vs 10-14% hard money) but requires network.
Secured by property?
Should be. Mortgage or deed of trust on the property protects the lender. Unsecured private loans are high-risk for lender. Record the lien.
How structured?
Promissory note + mortgage/deed of trust. Interest-only or amortizing. Balloon typical (12-36 months). Title insurance for lender. RE attorney for both sides.
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