Free calculator
Land Loan Calculator
This land loan calculator estimates the monthly payment and lifetime interest on financing for a vacant lot or parcel, using the price, down payment, rate, and term you enter.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
Enter your numbers and press Calculate. Nothing you type leaves your browser.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
How this calculator works
Land loans are secured installment loans for a vacant lot or parcel. The amount financed is the purchase price minus the down payment.
Payment = P × i ÷ (1 − (1 + i)−n)
- P — the amount financed
- i — the monthly rate (annual rate ÷ 1,200)
- n — the number of monthly payments
Total interest is payment × n − P. Land financing often comes with a larger down payment and a shorter term than a home mortgage, so the payment can be higher.
Terms and rates vary by lender and by the parcel, so enter your own assumption.