Construction Loan Draw Schedule Calculator
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Draw Schedule
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Total Cost Including Interest$516,500.00
Total Interest During Construction$16,500.00
Total Retainage Held$50,000.00
Monthly Interest at Full Draw$3,000.00
Effective Interest Rate3.30%
Retainage Release$50,000.00
Draw Schedule
| Milestone | Month | Draw | Retainage | Net | Balance | Interest |
|---|---|---|---|---|---|---|
| Foundation | 3 | $100,000.00 | $10,000.00 | $90,000.00 | $90,000.00 | $1,800.00 |
| Framing | 6 | $150,000.00 | $15,000.00 | $135,000.00 | $225,000.00 | $4,500.00 |
| Mechanical | 9 | $150,000.00 | $15,000.00 | $135,000.00 | $360,000.00 | $7,200.00 |
| Finish | 12 | $100,000.00 | $10,000.00 | $90,000.00 | $450,000.00 | $3,000.00 |