Land Mortgage Calculator
Calculate your land loan payments. Land loans typically have higher interest rates and require larger down payments than traditional home mortgages.
30.0% of land price
years
Land loans typically 10-20 years
%
Land loans typically 6-12%
Monthly Payment
$649
Principal & Interest
Loan Amount
$70,000
After $30,000 down
Total Interest
$46,804
Over 15 years
Land Loan Insights
- Land loans typically require 20-50% down payment (yours: 30.0%)
- Interest rates are usually 1-2% higher than home mortgages
- Loan terms are typically 10-20 years, not 30 like home mortgages
- Your total cost will be $146,804 (land + interest)