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Land loan calculator

Work out the payment on a land or lot loan. Enter the price, a down payment (percent or amount), the rate and the term, and optionally a balloon: the payment amortises over the full term while the calculator shows the balance still owed when the balloon comes due. Raw land usually carries higher rates and larger down payments than improved lots.

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Enter Land price, Down payment as, Down payment value, Interest rate (APR), Loan term (years), Balloon due after (years, 0 = none), Land type and the Land loan calculator works out Down payment, Loan amount, Monthly payment, Total interest (full term), Balloon balance due, Land type note straight away. For instance, with Land price = $120,000.00, Down payment as = Percent of price, Down payment value = 20, Interest rate (APR) = 9%, Loan term (years) = 20, Balloon due after (years, 0 = none) = 5 and Land type = Raw / undeveloped it returns Down payment = $24,000.00, Loan amount = $96,000.00 and Monthly payment = $863.74.

How to use it

  1. Enter your values: Land price, Down payment as, Down payment value, Interest rate (APR), Loan term (years), Balloon due after (years, 0 = none), Land type.
  2. Read the result instantly: Down payment, Loan amount, Monthly payment, Total interest (full term), Balloon balance due, Land type note.

Frequently asked questions

What does the Land loan calculator actually compute?

It takes Land price, Down payment as, Down payment value, Interest rate (APR), Loan term (years), Balloon due after (years, 0 = none) and Land type and derives Down payment, Loan amount, Monthly payment, Total interest (full term), Balloon balance due and Land type note from them. The calculation is live as you type, so the result updates on every change.

What information do I need to provide?

7 values: Land price ($), Down payment as, Down payment value, Interest rate (APR) (%), Loan term (years), Balloon due after (years, 0 = none) and Land type. Nothing else is required — no account, no file upload.

Can you show a worked example?

With Land price = $120,000.00, Down payment as = Percent of price, Down payment value = 20, Interest rate (APR) = 9%, Loan term (years) = 20, Balloon due after (years, 0 = none) = 5 and Land type = Raw / undeveloped, the calculator returns Down payment = $24,000.00, Loan amount = $96,000.00 and Monthly payment = $863.74. Those figures come from running this exact tool, so you can reproduce them by entering the same values.

What happens if I enter larger values?

It moves a lot. Using Land price = $240,000.00, Down payment as = Fixed amount, Down payment value = 40, Interest rate (APR) = 9.9%, Loan term (years) = 40, Balloon due after (years, 0 = none) = 10 and Land type = Unimproved instead, Down payment goes from $24,000.00 to $40.00 — which is why it is worth testing a few scenarios rather than trusting a single figure.

Which “Down payment as” option should I choose?

You can pick between « Percent of price » and « Fixed amount ». Each one changes what the calculator works out, so switch and compare — the default is « Percent of price ».

Which units should I enter the values in?

Enter Interest rate (APR) %.

What does it give for smaller values?

Scaled down to Land price = $60,000.00, Down payment as = Percent of price, Down payment value = 10, Interest rate (APR) = 8.1%, Loan term (years) = 10, Balloon due after (years, 0 = none) = 3 and Land type = Raw / undeveloped, Down payment comes out at $6,000.00. The relationship is worth checking at both ends before you rely on a single result.

When would I actually use this?

Before making an offer: what the bank will lend, what the purchase costs on top of the price, and how much deposit closes the gap.

What is the most common mistake?

Budgeting for the price and forgetting the acquisition costs. Notary fees, transfer duty and registration add between 2% and 15% depending on the country — enough to sink an offer.

How accurate is it, and what are the limits?

Estimate only, not financial advice. Real rates, fees, taxes and lender terms vary — confirm with your lender.

Further reading

All guides →
ExplainerFinancing Land Is the Hardest Money to BorrowLarger deposit, shorter term, higher rate, and a balloon at year five. On the same $120,000 plot, the land loan costs $768.10 a month against a mortgage's $606.79 — and demands $18,000 more at closing.ExplainerA Construction Loan Is Not a MortgageFunds arrive in stages and interest accrues only on what has been drawn. On a $400,000 facility at 8.5 percent over twelve months, that is $18,062.50 rather than the $34,000 the headline rate implies — 53.13 percent of it.How-toHow to Read an Amortization ScheduleUnderstand an amortization schedule row by row: how each payment splits into principal and interest, and why early payments are mostly interest.How-toHow Much Down Payment Do You Need to Buy a Home?How to work out a down payment: typical percentages, the 20% PMI threshold in the US, and how the amount you put down changes your monthly payment.ExplainerVA Loans: The Funding Fee and What You Are Not PayingNo down payment, no mortgage insurance at any loan-to-value ratio, and one funding fee — 2.15 percent on a first-use purchase with nothing down, waived entirely for disability-compensated veterans. On a $400,000 house that $8,600 fee equals between two and seven years of the private mortgage insurance it replaces.ExplainerWhat Is Loan-to-Value (LTV), and Which Bands Actually Change AnythingLoan divided by the lower of price and appraised value. The bands at 80, 90 and 95 percent are where pricing steps — and a valuation that comes in low moves you across one without you touching the deposit.