Free calculator
Caveat loan calculator
Total cost in dollars, the cash you'll actually receive and what you'd owe if you exit early. Built from your own offer, with no assumed rates.
Your estimate
Net funds at settlement
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Payout figure at your expected exit
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Total cost of the loan to exit
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Enter the monthly interest from your offer to see the full picture.
General estimate only, based on the figures you enter. Not an offer of finance.
See if you qualify →What this caveat loan calculator shows
Private loans are usually compared on price, but price alone hides most of what matters. Two offers with similar monthly interest can cost very different amounts once fees, minimum interest periods and the way interest is handled are counted. This calculator turns your offer into three dollar figures you can actually plan around.
- Net funds at settlement is the cash that reaches you, or your creditor, after fees and any prepaid interest are deducted.
- Payout figure is what you'd need to repay at your expected exit month, including capitalised interest, any shortfall from a minimum interest period and the discharge fee.
- Total cost is everything you pay the lender, beyond the amount borrowed, to reach that exit.
Prepaid, capitalised or monthly?
With prepaid interest, the lender deducts interest for the whole term at settlement. There are no repayments, but you receive less cash, and you may not get prepaid interest back if you exit early. Check the offer. With capitalised interest, nothing is deducted for interest upfront; it's added to the balance and repaid when you exit. You keep more cash now, but owe more at the end. With monthly interest, you pay as you go, like a standard loan.
For an urgent deal where every dollar of cash matters today, capitalised interest is often the better fit. For a borrower who wants certainty and no growing balance, prepaid can suit. Run both and compare the totals.
Why the minimum interest period matters
If your offer has a three-month minimum and you repay in month two, you'll still pay three months' interest. That's fair enough on a short deal, but a long minimum can make an early exit expensive. Set the expected exit field to a few different months to see the effect, then read our letter of offer checklist for the other terms worth checking.
Next steps
Check how much equity your property has with the second mortgage calculator, and stress-test your repayment plan with the exit plan checker. When you're ready, start a 60-second enquiry. There's no credit check when you first enquire, and your file stays with our desk.
Calculator questions
Why doesn't this calculator ask for an interest rate?
We never publish or assume rates, because every private loan is priced on its own property, purpose and exit. Your letter of offer will show the monthly interest in dollars, or it can be worked out from the offer. Enter that figure and the calculator does the rest.
What's the difference between prepaid and capitalised interest?
Prepaid interest is deducted from the loan at settlement, so you receive less cash but make no repayments. Capitalised interest is added to the balance and repaid at the end, so you receive more cash now but owe more when you exit.
What is a minimum interest period?
Many private loans charge a minimum number of months' interest even if you repay sooner. If you exit early, you still pay for those months. The calculator includes it in the payout figure.
Does it work for second mortgages too?
Yes. The cost maths is the same for a caveat loan, a second mortgage or a private first mortgage. Use the second mortgage calculator to check how much equity you have.
Is the result an offer of finance?
No. It's an estimate built from the figures you enter. A lender confirms the actual amount, costs and terms in writing after assessing your property and exit.
Want real figures for your deal?
Tell us the property, the amount and the deadline. We'll come back with an offer you can run through this calculator.
No credit check to enquire
Kept private, not farmed out
Decided on the property