Result
How to use this calculator
Enter the land price, your down payment, the interest rate, and the loan term. The calculator shows the monthly principal-and-interest payment, the total interest, and how the down payment changes your monthly cost.
The formula
Loan amount = price − down payment. Monthly payment uses the standard amortization formula: M = L × r(1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate (annual ÷ 12) and n the number of payments.
Land loans are different
Expect larger down payments (often 20–35%), shorter terms (frequently 5–20 years), and rates above home mortgages, because raw land is harder collateral. Compare scenarios by changing the term and rate fields.