Maximum loan
- Cash needed (down payment, points, closing)
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- Interest while you hold it
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- Projected profit
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- Return on cash invested
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Numbers look good? Submit the deal and get a straight answer from a real person.
Submit the dealEstimates only. Not an offer, a quote, or a commitment to lend. Actual loan amount, rate, points, and fees depend on the property, the appraisal, your credit and experience, and underwriting.
How the fix and flip math works
Flip lenders size a loan two ways and lend the lower number. For our fix and flip loans:
- Loan-to-cost (LTC): up to 90% of purchase price plus rehab budget.
- After-repair loan-to-value (ARLTV): no more than 75% of what the property will be worth when it's done.
The calculator takes the lower of those two, then works out the rest:
- Cash needed = total cost − loan + points + closing costs to buy.
- Interest = loan × rate ÷ 12 × months held. It assumes interest-only payments on the full loan amount for the whole hold. In reality rehab money is usually drawn over time, so your interest may be lower.
- Projected profit = ARV − selling costs − purchase − rehab − points − closing costs − interest.
- Return on cash = projected profit ÷ cash needed.
Defaults use our "rates from" figure and a typical-looking deal. Change everything. The rate is the lowest offered, not a quote, and points vary by deal.
What the calculator can't see
Utilities, taxes, and insurance while you hold the property. Contractor overruns. A buyer's inspection that turns up a surprise. The months the house sits if the market cools. Put some cushion in the rehab budget and the timeline, and keep cash in reserve — it's one of the four things every fundable deal has. If the profit only works when everything goes right, it doesn't work.
New to this? Read LTC vs. LTV vs. ARV and how to get a fix and flip loan with no experience.
Estimates only. Not an offer, quote, or commitment to lend. All loans subject to underwriting and approval.