How to Calculate Your (Monthly) Private or Hard Money Loan Payment
There are 2 ways you can calculate your monthly payment, one way is quick & easy and the other is fast & accurate.
Quick & Easy
Loan Amount Interest Rate / 12 Months = Monthly PaymentFor Example
*adjust loan amount and rate to your terms*a $ Loan
@ %
Fast & Accurate
Loan Amount Interest Rate / 365 Days days in the month = Monthly PaymentFor Example
*adjust loan amount and rate to your terms*a $ Loan
@%
$ 31 Days
$ per month