Land Loan Payment Calculator
Payment-first vacant land loan sketch: price, a higher default down payment, APR, shorter term, and fees you finance. Distinct from our mortgage-framed land tool — click any i for detail.
Vacant land payment inputs
Vacant land price ($)
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Land price
Purchase price of vacant or raw land (not an improved home lot package unless that is what you are buying). |
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Down payment (%)
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Down payment
Vacant-land lenders often want 20–50% down. Default here is higher than a typical home mortgage. |
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APR (%)
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APR
Quoted land-loan rate — often above comparable home-mortgage APRs. |
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Term (years)
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Term
Land terms are frequently shorter than 30-year home loans (10–15 years is common). |
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Fees & closing costs financed ($)
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Fees financed
Origination, title, or other closing costs rolled into the note. Survey and septic studies are often cash. |
How to use this calculator
- Enter vacant land price and a substantial down payment percent.
- Set land-loan APR and a shorter term than a 30-year mortgage.
- Add fees you plan to finance (defaults include a non-trivial closing-cost cushion).
- Read monthly payment, amount financed, and total interest.
Results explained
This page emphasizes vacant-land payment math: higher equity up front, fees in the financed amount, and shorter amortizations. For a mortgage-style framing of land financing, see the land loan mortgage calculator.
Quick reference: vacant land vs home mortgage
Why land payments are framed differently here.
| Item | Notes |
|---|---|
| Down payment | Often 20–50% — default starts at 30% |
| Term | Commonly 10–15 years, not 30 |
| Fees | Title, origination, and prepaid items may be financed or cash |
| Extras not in P&I | Survey, perc test, utilities, and property tax |
Raw acreage vs improved lots have different lender menus — only your quote is definitive.
How the estimate is built
Amount financed = price × (1 − down%) + fees. Monthly payment = amortizing PMT at APR for term years. Total interest = payments − principal.
Example scenario
An $80,000 parcel with 30% down and $2,500 financed fees at 8.75% for 12 years finances $58,500 and sketches a mid–$600s monthly payment in this model.
FAQ
How is this different from the land loan mortgage calculator?
That page is mortgage-framed. This one defaults to a higher down payment, shorter term, and larger fee cushion for vacant-land payment planning.
Are property taxes in the payment?
No. Escrows are uncommon on many land loans; budget taxes separately.
Can I finance raw land at 5% down?
Some programs exist, but many vacant-land offers still want large equity. This tool lets you test any down percent — it does not predict approval.