Loomrate
Know your real rate before you sign.
Turn any project fee into your true take-home hourly rate, after tax, platform fees, overhead, and unpaid hours.
Everything your quote forgets to mention.
Most calculators stop at fee ÷ hours. Loomrate models the full picture - so the number you see is the number you actually keep.
Your true hourly rate - not the vanity number
We divide your net pay by every hour you actually work: billable hours plus the unpaid calls, emails and revisions a quote never counts.
Every deduction, modeled automatically
Self-employment tax, platform commissions (Upwork, Fiverr), software, hardware and monthly overhead - subtracted before you ever see a rate.
Scope-creep radar
See how revisions and "quick calls" quietly erode your margin - before you sign.
Quoted vs. take-home
Compare the rate you quote against what actually lands in your pocket, side by side.
Private by design
Everything runs in your browser. Your numbers never touch a server unless you choose to sync.
Three steps to your real rate.
Enter your quote
Drop in your project fee, billable hours, and the deductions you face - taxes, platform fees and overhead.
We model reality
Loomrate folds in self-employment tax, commissions, software and the unpaid hours every project hides.
See what you keep
Get your true hourly rate with a clear verdict on whether the deal is actually worth your time.
Freelance Pricing & Rate Guide
Understand the mathematics of profitable freelancing. Learn how to calculate quotes, set income targets, and optimize your rates.
How Much Should I Charge as a Freelancer?
Determining your freelance hourly rate is one of the most critical decisions you make for your business. Many freelancers make the mistake of setting rates based solely on what they want to earn per hour, without accounting for self-employment taxes, business overhead, and unpaid work. To find your ideal rate, start with your annual income target, add your expected business expenses and tax liabilities, and divide the total by your billable hours. Using a dedicated freelancer hourly rate calculator helps automate this analysis and ensures you remain profitable.
Project Pricing vs. Hourly Rate Calculator
Fixed-fee project pricing can yield high margins but carries the risk of scope creep - where client revisions and extra calls consume your hours without increasing your pay. Loomrate acts as a project quote calculator, helping you translate any fixed project fee into an equivalent hourly rate. By comparing your gross quoted rate to your true net take-home rate, you can make informed decisions before signing contracts and ensure your pricing strategies match realistic income targets.
Accounting for Self-Employment Taxes & Overhead
Unlike traditional employees, freelancers are responsible for 100% of their operational expenses and tax allocations. These include platform commissions (e.g., Upwork or Fiverr fees), software subscriptions, hardware depreciation, and tax reserves. Loomrate's freelance pricing calculator automatically subtracts these overhead costs from your gross billing fee, exposing what you actually keep. Understanding your net income per project is key to scaling your consulting business.
Stop guessing. Price like a pro.
Run your next quote through Loomrate and see your true hourly rate in under a minute. Free, private, and no account required.
Calculate my real rate