Construction Darlehens Draw Rechner — Formel

Construction Loan Draw Schedules

Construction loans disburse funds in stages (draws) as building milestones are completed. Interest is charged only on the amount drawn, making the draw schedule critical for managing costs.

How Draws Work

1. The lender approves a total loan amount based on the construction budget 2. As each construction phase is completed, the builder requests a draw 3. The lender sends an inspector to verify the work is done 4. The lender disburses the next draw amount 5. Interest accrues on the cumulative balance outstanding

Typical Draw Milestones

  • Draw 1: Foundation complete (15-20%)
  • Draw 2: Framing and roof (25-30%)
  • Draw 3: Mechanical rough-in (15-20%)
  • Draw 4: Drywall and finishes (20-25%)
  • Draw 5: Completion and final (10-15%)

    • Interest Calculation

    Because the balance increases with each draw, the average outstanding balance is approximately half the total loan amount. Total interest = Average Balance x Monthly Rate x Months.

    Lösungsbeispiel

    $350,000 construction loan, 5 draws, 9% annual rate, 8-month construction, 2% origination, $250 inspection per draw.

    1. Amount per draw: $350,000 / 5 = $70,000
    2. Average outstanding balance: $350,000 x (5 + 1) / (2 x 5) = $210,000
    3. Monthly rate: 9% / 12 = 0.75%
    4. Total interest: $210,000 x 0.75% x 8 = $12,600
    5. Origination fee: $350,000 x 2% = $7,000
    6. Inspection fees: $250 x 5 = $1,250
    7. Total financing cost: $12,600 + $7,000 + $1,250 = $20,850