How to Calculate Interest on Hard Money Loans

How to Calculate Interest on Hard Money Loans

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Publish Date:
February 2, 2023
Category:
Private Money
Video License
Standard License
Imported From:
Youtube

How to calculate interest on hard money loans

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Few people in this world like to deal with numbers, and it’s ok if you’re not one of those. We’re going to leave the complicated math to the accountants and economists of the world, and give you a simple method of finding exactly how much interest you’ll pay when you’re given the rate and the loan amount.

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Here are the formulas again for quick reference:

Yearly interest = Loan amount x Interest Rate
Monthly interest = Yearly interest / 12
Daily interest = Monthly interest / 30

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By: Ryan G. Wright - DoHardMoney
Title: How to Calculate Interest on Hard Money Loans
Sourced From: www.youtube.com/watch?v=d3xjyb7aQzM



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