Land Loan Calculator

Estimate your monthly payments and total costs for land purchases

Calculate Your Land Loan

$5K$5B
0.1 acre100 acres
10%50%
3%15%
1 Years30 Years
$0$50K

Land Loan Summary

$37,099
Monthly Payment

Loan Details

Land Price
$5,000,000
Down Payment
$1,000,000
Loan Amount
$4,002,000
Interest Rate
7.5%
Loan Term
15 Years
Land Type
Residential Lot

Cost Breakdown

Principal
Interest
Principal Amount
$4,002,000
59.9%
Total Interest
$2,675,826
40.1%
Total Cost
$6,677,826

Land Value by Acre

Cost per acre: $1,000,000

65%

Based on average land prices in this category.

Amortization Schedule

YearPrincipal (A)Interest (B)Total Payment (A + B)BalanceLoan Paid To Date
+ FY26$73,663$148,932$222,594$3,928,3381.84%
+ FY27$155,849$289,340$445,188$3,772,4905.73%
+ FY28$167,947$277,242$445,188$3,604,5439.93%
+ FY29$180,985$264,203$445,188$3,423,55814.45%
+ FY30$195,036$250,152$445,188$3,228,52319.33%
+ FY31$210,178$235,011$445,188$3,018,34624.58%
+ FY32$226,492$218,697$445,188$2,791,85330.24%
+ FY33$244,076$201,112$445,188$2,547,77736.34%
+ FY34$263,025$182,163$445,188$2,284,75242.91%
+ FY35$283,443$161,745$445,188$2,001,30949.99%
+ FY36$305,449$139,739$445,188$1,695,86057.62%
+ FY37$329,161$116,029$445,188$1,366,69965.85%
+ FY38$354,715$90,473$445,188$1,011,98474.71%
+ FY39$382,252$62,937$445,188$629,73284.26%
+ FY40$411,927$33,261$445,188$217,80594.56%
+ FY41$217,806$4,788$222,594$0100.00%

About Land Loan Calculators

Plan your land purchase with precision

What is a Land Loan Calculator?

A land loan calculator is a specialized financial planning tool designed to help prospective land buyers understand the costs and payment structure of financing vacant land. Unlike traditional home loans, land loans typically come with higher interest rates, larger down payments, and shorter terms, making this calculator essential for accurate financial planning.

"Understanding the unique aspects of land financing helps you avoid surprises and prepare for the true cost of land ownership before you purchase."

Key Factors in Land Loans

Down Payment

Often 20-30%

Interest Rate

Higher than homes

Loan Term

Often 10-15 years

Land Type

Affects eligibility

Why Use Our Land Loan Calculator

  • Land-Specific Parameters

    Accounts for the unique aspects of land financing including higher down payments and interest rates

  • Full Cost Transparency

    See detailed breakdowns of total costs, interest payments, and amortization schedules

  • Land Type Options

    Customize your calculations based on land type: raw, residential, agricultural, or commercial

  • Exportable Results

    Download your land loan amortization schedule as PDF or CSV for your records

How to Use This Calculator

  1. #1
    Select Land Type

    Choose from raw undeveloped, residential, agricultural, or commercial land

  2. #2
    Enter Land Details

    Input acreage, loan amount, down payment, interest rate and term

  3. #3
    Select Payment Frequency

    Choose monthly, bi-weekly, or weekly payment intervals

  4. #4
    View Comprehensive Results

    Analyze your payment schedule and use the visualization tools to understand your loan

Common Land Loan Types

Raw Land Loans

  • Undeveloped property
  • Higher interest rates (7-12%)
  • Larger down payments (30-50%)
  • Shorter terms (5-15 years)

Residential Lot Loans

  • Intended for future home building
  • Moderate interest rates (5-8%)
  • Down payments (20-30%)
  • Longer terms (10-20 years)

Agricultural Land Loans

  • For farming or ranching
  • Special farm loan programs
  • More favorable terms
  • May have lower down payments

Commercial Land Loans

  • For business development
  • Usually requires business plan
  • Often requires 25-35% down
  • Terms typically 5-20 years

Smart Land Buying Tips

Verify zoning and restrictions - Understand what you can and cannot do with the land before buying

Check for utilities access - Water, electricity, and sewer access can significantly affect land value

Get a land survey - Confirm boundaries, easements, and potential environmental issues

Save for a larger down payment - The more you put down, the better your loan terms will be

Additional Costs of Land Ownership

Beyond your land loan payments, remember to budget for these additional expenses:

Property Taxes

Access Roads

Utilities

Development Costs

Permits & Fees

Conclusion

Our land loan calculator provides the specialized tools you need to plan your land purchase with confidence. With accurate estimates tailored specifically for land financing, you can make informed decisions about what type and size of property fits your budget.

Whether you're buying land for a future home, agricultural use, or commercial development, understanding your financing options is the critical first step. Use our calculator to plan your land purchase strategy and take the next step toward land ownership.

Frequently Asked Questions

Q: What is a land loan?

A land loan is a type of financing specifically for purchasing vacant land. These loans typically have higher interest rates and require larger down payments than traditional mortgage loans because they're considered higher risk by lenders.

Q: Why do land loans typically have higher interest rates?

Land loans have higher interest rates because they represent more risk to lenders. Without a structure on the property, the land is typically more difficult to sell if the borrower defaults, and there's no immediate income-generating potential from vacant land.

Q: What's the difference between raw land and a residential lot?

Raw land is completely undeveloped with no utilities, road access, or improvements. A residential lot typically has utilities available (water, electricity, sewage) and is zoned for residential construction. Raw land loans are generally harder to obtain and have less favorable terms than residential lot loans.

Q: How much down payment is typically required for a land loan?

Down payment requirements for land loans typically range from 20% to 50%, depending on the type of land, your credit score, and the lender's policies. Raw land usually requires higher down payments (30-50%), while improved land or residential lots might accept down payments closer to 20%.

Q: What factors affect land loan interest rates?

Land loan interest rates are affected by several factors including the type of land (raw, residential, agricultural, commercial), loan term, your credit score and history, down payment amount, and current market conditions. Generally, raw undeveloped land will have higher rates than land zoned for residential use.

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