Land Loan Calculator
Calculate monthly payments for raw land or lot purchases
Loan Details
Typical: 7% - 12%
Extra Payments
Additional amount each month
Loan Summary
Loan Details
Financial Disclaimer
This calculator provides estimates for informational purposes only. Actual loan terms, rates, and payments may vary. This is not financial advice. Consult with a qualified financial advisor or lender for specific guidance. PayoffCalculator.io is not a lender and does not provide loans.
How to Use This Land Loan Calculator
Enter the land purchase price, your down payment, expected interest rate, and loan term. The calculator shows your monthly payment and total cost of financing.
Understanding Land Loan Loans
Land loans have higher rates and shorter terms than traditional mortgages because land is considered higher risk. Lenders prefer land with utilities, road access, and clear zoning for development.
Tips for Getting the Best Land Loan Rate
Consider a larger down payment to get better rates. Have a clear plan for the land (building timeline, etc.) as lenders prefer borrowers with defined intentions. Check for any zoning restrictions or easements.
Frequently Asked Questions
Yes, land loans are considered riskier by lenders. Expect higher down payment requirements (20-50%), higher interest rates, and shorter terms than traditional mortgages.