Pricing

Every single investor at Lendai gets a loan offer with full transparency and no hidden fees.

$300,000 Purchase Price

Florida, United State

Long Term Rental

Single Family Property

Loan Info

Loan Amount

$225,000

Interest Rate

7.75%

LTC

75%

DSCR!Debt Service Coverage Ratio: Metric used to assess the ability to repay the debt obligations. It is calculated by dividing the net operating income by the total debt payments.

1.10

Loan Term

30 Years

Prepayment Penalty Period

5 Years

Property Details

Monthly Rent

$2,500

Yearly Insurance

$2,000

Yearly Taxes

$6,000

Monthly Payment

monthly principal&
interest payment

$1,611

Monthly Tax&
Insurance Escrow!We will escrow additional funds that will be used to pay on your behalf the yearly tax payments and insurance premiums of your investment property.

$667

Total monthly payment

$2,278

Closing Costs

Loan Origination Fee

Discount Points!Each discount point paid will lower your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan thus saving you a significant amount of money throughout the loan term.

Processing Fee

$1,500

* Every Transaction Also Includes Third Party Fees That Are Decided By The US State The Property Is In And Not By Lendai. Every Preliminary Loan Estimate Is For Informational Purposes Only And Does Not Constitute A Binding Offer For Lending. Loan Approvals Are Contingent Upon Borrower Qualification And Final Credit Approval, In Accordance With Underwriting And Program Guidelines Established By Lendai.

Comparing Lendai to Conventional Banks and Hard Money Lenders

Lendai's advanced technology and efficient lending process give borrowers a rate in under 10 minutes and a 30-day closing. Faster than traditional banks and with a simpler process than private lenders, start your investment journey with Lendai today!

Banks

Hard Money Lenders

Interest Rate

6%–8%

6%–10%

12% and up

Foreign Nationals

Fewer Documents

Varies

Online Digital Closing

Origination Cost

1%–3%

3%–5%

Days to close

60+ days

<30 Days

Varies

Pricing FAQ

Answers to common questions about Lendai pricing

Lendai only requests you pay for the Appraisal Report, which will be paid directly to the appraisal company.

No, every investor receives the same offer that is based on Lendai's Proprietary Underwriting System.

No, Lendai has no hidden fees. The 2% origination covers all fees related to processing, underwriting, and originating your loan.

In exchange for a one time and up front fee, Discount Points lower your interest rate and your monthly payment. Over the course of a 30-year loan, these Discount Points can save the borrower a significant amount of money. The Discount Points are totally optional for the borrower. Lendai follows the US standard pricing procedure of Discount Points.

Each discount point paid lowers your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan. The more points you have, the more you save on your loan payments throughout the loan term. Buying discount points is best suited for investors who intend to hold the property for a long period of time.

Lendai needs to make sure that the property's tax bills and insurance premiums are fully paid on time. Lack of payments can create a tax lien which can lead to foreclose of the property by the authorities. If you do not pay the insurance, then the house is not covered in case of damages. Lendai and you are then excluded from coverage and may lose part/all of the investment.

We offer foreign investors various prepayment penalty options: 5 years, 5-4-3-2-1, 3 years, 3-2-1 and without PPP. • 5 years: This is a fixed penalty if you want to pay off the loan before the end of the term. • 5-4-3-2-1: This is a decreasing penalty if you want to pay off the loan before the end of the term. The first year you pay 5% of the loan amount, the second year 4%, and so on until the fifth year. From the sixth year onwards there is no prepayment penalty. • 3 years: This is a fixed penalty if you want to pay off the loan before the end of the term. • 3-2-1: This is a decreasing penalty if you want to pay off the loan before the end of the term. The first year you pay 3% of the loan amount, the second year 2% and the third 1%. From the fourth year onwards there is no prepayment penalty. • Without PPP: Financing option in which the loan is allowed to be canceled without prepayment penalty.