Construction Loan Calculator

Project Information:

Price of property/land?

$

If you do not own the property (or land), kindly provide the amount you intend to pay for its purchase.

Cost of construction project?

$

What is the budget for your construction project?

Value of home when complete?

$

If you do not own the property (or land), kindly provide the amount you intend to pay for its purchase.

Length of project (months)?

months

What is the estimated time to complete the project in months?

Down Payment

$

This is the calculated required down payment to receive the loan.

Loan Payment

$

This is the calculated loan amount for your project.

Loan Information

Interest Rate

%

Enter the expected interest rate for your loan.

Initial interest only payment

The first payment that covers only interest is figured by calculating the interest on the maximum loan amount and then deducting the expenses related to construction.

Final interest only payment

The last interest-only payment during the construction phase is calculated based on the highest loan amount.

Principal and interest payment

The principal and interest payments for the rest of the loan term.

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