Construction Loan Calculator

Construction Loan Calculator

Project Information:

$
If you do not own the property (or land), kindly provide the amount you intend to pay for its purchase.
$
What is the budget for your construction project?
$
If you do not own the property (or land), kindly provide the amount you intend to pay for its purchase.
months
What is the estimated time to complete the project in months?

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

$
This is the calculated loan amount for your project.

Loan Information

%
Enter the expected interest rate for your loan.

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.

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

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