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Rehab Draw Schedule Calculator
Rehab lenders (hard money, private) release funds in draws tied to milestones rather than lump sum. Typical structure: demo, framing/structural, rough-ins, drywall, and finish, each with a % of budget and a retainage holdback. This calculator plans the draw schedule, retainage release, and cumulative cash-out-of-pocket at each stage.
Total drawn before final retainage
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Retainage held until final
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Demo net draw
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Framing net draw
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Rough-ins net draw
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Drywall net draw
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Finish net draw
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Total inspection cost
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% allocated (should be 100)
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How the math works
On a $75K rehab budget with 10% retainage and 15/25/20/15/25 milestone split: net draws of $10,125 demo, $16,875 framing, $13,500 rough-ins, $10,125 drywall, $16,875 finish. $7,500 retainage held and released at final inspection.
Make sure milestone %s sum to 100. If you front-load too heavily (20%+ at demo), lenders often push back. Back-loaded schedules (30%+ at finish) align cash flow with completion risk but can strain contractor cash — negotiate sub payment terms accordingly.
EveryCalc calculators are designed for fast, practical estimates with transparent inputs and no required account. We use plain formulas, visible assumptions, and related tools so visitors can check the result from more than one angle.
Results are informational only. For financial, tax, legal, medical, construction, or other high-impact decisions, verify the output against primary sources or a qualified professional.
Learn more about our review process on the EveryCalc methodology page.
How this calculator works
What this page estimates
This Rehab Draw Schedule Calculator is built to give a quick, browser-based estimate for rehab draw schedule. Rehab lenders (hard money, private) release funds in draws tied to milestones rather than lump sum. Typical structure: demo, framing/structural, rough-ins, drywall, and finish, each with a % of budget and a retainage holdback. This calculator plans the draw schedule, retainage release, and cumulative cash-out-of-pocket at each stage. The inputs stay on the page during normal use, and the result should be treated as an estimate for planning, comparison, or education rather than professional advice.
Calculation approach
The calculator applies the standard relationship implied by the inputs, then formats the answer so it can be checked and reused. For finance tools, the most important step is using consistent units, rates, time periods, and assumptions before comparing the result with another calculator or outside quote.
Example workflow
For example, start with a realistic value you already know, change one input at a time, and watch how the answer moves. That makes it easier to tell whether the result is being driven by the main amount, the rate, the time period, or a unit conversion.
Practical checks
- Use current, real-world numbers when the result affects money, health, tax, or legal decisions.
- Run a low, base, and high case when the inputs are estimates.
- Check the related calculators below when the next decision depends on a different assumption.
How to interpret the rehab draw schedule result
Best use
Use the result as a planning number for comparing payments, rates, returns, tax reserves, or cash-flow choices before you request a quote or make a commitment.
Cross-check
Compare the answer with the contract, lender estimate, tax form, brokerage statement, payroll record, or invoice that will control the real-world outcome.
Watch for
Do not rely on a single optimistic rate, return, or fee assumption. Money pages work best when you run low, base, and high cases and keep professional advice separate from the estimate.
This page belongs to the Finance calculator library, so the answer should be read in the context of the decision you are modeling rather than as a universal rule.
Before relying on this rehab draw schedule estimate
Most calculator mistakes come from the inputs, not the arithmetic. Use this short audit before you reuse the answer in a spreadsheet, quote, application, or important conversation.
Confirm source numbers
Match balances, rates, fees, taxes, income, and payment dates against the lender quote, payroll record, tax form, statement, invoice, or contract.
Separate cash flow from total cost
A lower monthly payment can still cost more over time if fees, interest, taxes, or a longer term are hidden in the structure.
Run conservative cases
Test at least one higher-cost or lower-return case before using the output for a purchase, refinance, investment, loan, or tax decision.
Rerun this page when the rate, price, term, fee, tax rule, income, expense, or expected holding period changes.
How to Use
- Enter total rehab budget and borrower holdback requirement (common: 10% retainage).
- Enter % of budget released at each milestone — demo, framing, rough-ins, drywall, finish.
- Enter inspection cost per draw.
- See cumulative draw, net to contractor at each milestone, and final retainage release.
Frequently Asked Questions
What's a typical draw schedule?
5-draw standard: 10-15% at demo, 20-25% at framing/structural, 20-25% at rough-ins (MEP), 15-20% at drywall, 15-25% at finish. Final 10% retainage held until CO and punchlist sign-off. Smaller rehabs often use 3-draw: demo, mid, final.
Why retainage?
Protects lender against contractor walking off with 90% done and no motivation to finish punchlist. 10% retainage creates a strong incentive to complete. Released at final inspection + CO. Some lenders release 5% at framing CO and hold 5% to end.
How much does each inspection cost?
$150-$350 per draw. Ordered by the lender, paid by borrower. Budget 5-7 inspections per project. Some lenders do 'drive-by' inspections at $50-$100 for minor draws; full inspections for major milestones.
What delays a draw?
Missing permits, lien claims from subs, discrepancy between draw request and site work completed, no inspection. Lenders generally fund within 48-72 hours of clean inspection. Delays are almost always borrower-side documentation issues.
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