U.S. mortgage network · Working preview Calculations stay on your device
m↗MITEYTHE AMERICAN MORTGAGE ATLASCompare a quote ↗

BALTIMORE RATE & HOLDING-PERIOD DESK

One project.
Every draw in focus.

Model monthly interest against an explicit draw schedule.

Start my calculation ↓Ask MITEY ↗
YOUR DECISION MAP
  1. 01Set your assumptions
  2. 02See the trade-offs
  3. 03Keep, compare or share

34 tools. One connected workspace.

● Private calculations in your browser

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 2026-10-23.3
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.

Get help with my next step ↗
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.

Ask about your next step ↗

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.

YOUR NEXT STEP / MITEY U.S.

A number is a start.
Make the next step clearer.

Ask MITEY about the calculation, an assumption or how to organize your next decision. Choose whether to include your scenario.

01 · Your calculator stays free02 · Share only what you choose03 · No loan application or credit check

This is an educational enquiry. It is not a request for a lender quote, approval or regulated mortgage advice.

Get help with my next step ↗

About: Construction draw finance · Baltimore

Please leave out street addresses, account numbers, credit reports and other sensitive details.

How we handle your request ↗

▦ Calculate↗ Rates◎ Markets