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Construction Loan Calculator

Use this calculator to help determine how much and what your payment would be for a construction loan.

Construction Loan Calculator Definitions

Do you own the property?
Please let us know if you already own the property.
Price of property/land
If you don't own the property (or land) please enter the price you will pay to purchase it.
Cost of construction project
Please enter the cost of the construction project you are planning.
Value of home when complete
Enter the expected appraised value of the home when your construction is complete.
Down payment
This is the calculated required down payment to receive the loan.
Loan amount
This is the calculated loan amount for your project.
Interest rate
enter the expected interest rate for your loan.
Length of project (months)
Number of months you expect your construction project to take to complete.
Initial interest only payment
The initial interest only payment is calculated as an interest only payment of the maximum loan minus the cost of construction.
Final interest only payment
The final interest only payment during construction is calculated as an interest only payment for the maximum loan amount.
Principal and interest payment
The principal and interest payment for the remainder of the 30 year term of the loan.