Legal Calculator
Private Mortgage Interest calculator.
For private lenders and borrowers: interest-only payments, total interest over the term, lender fees and per-diem interest for payout statements.
Your Estimate
Monthly Interest Payment$2,375.00
Total Interest Over Term$28,500
Lender / Broker Fee$6,000
Per-Diem Interest (payout statements)$78.08
Effective Annualized Cost11.50%
Assumes an interest-only private mortgage, the standard structure in Ontario's private lending market. The effective annualized cost includes lender/broker fees. Cost of borrowing disclosure requirements may apply — we prepare compliant commitments.
Get Precise Figures
Estimates guide. Counsel confirms.
Every calculator on this site simplifies rules that have exceptions. Before you rely on a number, have it confirmed against your actual circumstances.