Land Loan Mortgage Calculator
Estimate a land loan payment from purchase price, down payment percent, rate, term, and fees you finance. Click any i for detail.
Your land loan
Land price ($)
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Price
Purchase price of the land. |
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|---|---|
Down payment (%)
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Down payment
Land loans often require larger down payments than home mortgages. |
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APR (%)
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APR
Quoted land-loan rate. |
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Term (years)
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Term
Common land terms are shorter than 30-year home loans. |
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Fees financed ($)
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Fees
Closing costs rolled into the loan. |
How to use this calculator
- Enter land price and down payment percent.
- Set rate and term.
- Add fees if financed.
- Read monthly payment and total interest.
Results explained
The headline is the monthly P&I payment on the financed amount (price − down + fees).
Quick reference: land loan structure
How the loan amount is built.
| Piece | Role |
|---|---|
| Price − down | Base loan amount |
| + fees financed | Cash needed at closing may still apply |
| Payment | Amortizing P&I on total financed |
Property taxes and survey costs are not included in the payment.
How the estimate is built
Loan = price × (1 − down%) + fees. Payment = standard amortization over the term.
Example scenario
A $120,000 lot with 25% down and $1,500 financed fees at 8% for 15 years creates a mid-hundreds monthly payment in this model.
FAQ
Raw land vs lot with utilities?
Rate and down-payment requirements differ by lender — this tool only does payment math.
Interest-only land loans?
Use the interest-only payment calculator for an IO structure.