Are you or your client planning to build or renovate a residential property? Use the calculator below to estimate draw amounts when financing your construction project with Pillar.

Simply enter the land value, requested loan amount, and annual interest rate. With flexible Pillar financing, draws can be requested at any time, although each draw requires an inspection.

Please note that this calculator is for illustrative purposes only and may not reflect exact results.

Disclaimer: this calculator is for illustrative purposes only and may not reflect exact results. Remember, draws can be requested at any time and require an inspection.

Land Value:		Annual Rate(%):
Loan Amount:		% Give For Land	50% 55% 60% 65% 70% 75% 80%
Underwriting %:
Underwriting Fee:
Funds Available After Registration:
Do you want to include a 10% construction lien holdback on the first draw?
Yes No
Calculate
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Draws	% Complete	Amount Advanced	Fees	10% Holdback	Less Accrued Interest	Net Advance	Total Drawn
Upon Registration
2nd Draw – 30 Days
3rd Draw – 60 Days
4th Draw – 90 Days
Add New Draw Remove Draw -		Gross Amount Advanced	Re-Calculate
Total
Inspection fee not included.
Underwriting fee subtracted from first net advance only.
Appraisal fees not included.
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www.pillarfinancial.ca illustrative purposes only