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AUSTIN RATE & HOLDING-PERIOD DESK

One project.
Every draw in focus.

Model monthly interest against an explicit draw schedule.

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YOUR DECISION MAP
  1. 01Set your assumptions
  2. 02See the trade-offs
  3. 03Keep, compare or share

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Investor & commercial

Construction draw finance

Model interest on the funds actually drawn in an explicit monthly draw schedule.

Draw schedule (month, amount)

Draws occur at the start of the specified month; monthly interest is paid in cash.

Fine-tune the details 1 more assumptions +

These assumptions are part of the result even when this panel is closed. Review them for your situation.

Starting values are illustrative scenarios, not local prices, rates, fees or eligibility rules. Enter the figures for your own situation.

YOUR DECISION, IN NUMBERS

METHOD 2026-10-24.3
Total principal drawn$600,000
Construction interest$33,750
Modeled origination fee$6,000
Principal requiring repayment/conversion$600,000

A monthly approximation, not daily interest accounting. No undrawn fees, inspections, retainage, overruns, interest reserves or permanent-loan quote.

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YOUR GOAL FIRST / MITEY

Find a better fit.
For your next move.

Buying, refinancing or financing a business? Tell us what you want to achieve. Ask MITEY to help you understand the options, costs and next steps worth comparing.

01 · AI-assisted, source-linked research02 · Compare the whole cost, beyond the rate03 · Free tools, no credit check to enquire

We aim to help you seek competitive terms. Rates and options depend on the provider, product and your circumstances. A request is not a loan application, approval or guaranteed rate. Any provider introduction requires confirmed availability and your permission.

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About: Construction draw finance · Austin

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A SMALL CHANGE / A DIFFERENT VIEW

One percentage point higher

Total principal drawn

Current scenario$600,000
Changed assumption$600,000

One assumption changes; everything else stays the same. This is a stress scenario, not a forecast.

READ THE RESULT

What the numbers are telling you.

  1. Draws are applied at the start of each chosen month, then interest is charged on the drawn balance.
  2. The origination fee is modeled on the commitment; interest uses actual modeled draws.
  3. Undrawn fees, overruns, inspections, retainage and permanent conversion financing remain additional.
A GOOD QUESTION

Why does draw timing change interest?

Earlier draws stay outstanding for more months. This monthly model charges interest from the start of the draw month and assumes it is paid in cash.

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YOUR COMPARISON TABLE

Keep the possibilities
side by side.

Save up to eight scenarios on this device. Each retains its own tool and assumptions; outputs from different methods are labeled separately. Download a plan before moving to another browser or independent portal.

No scenarios saved on this device yet.

OPEN METHODS / BETTER QUESTIONS

Understand what the number means.

The calculation

Apply each draw at month start, then charge outstanding balance × annual rate ÷ twelve.

Before acting on the result

A monthly approximation, not daily interest accounting. No undrawn fees, inspections, retainage, overruns, interest reserves or permanent-loan quote.

Use actual property documents, matching lender estimates and qualified advice where needed. No calculator, API or MCP tool here issues an approval or guarantees a rate.

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