Land Loan Calculator

Use our free land loan calculator to estimate monthly payments for raw land or lot financing. Includes property taxes and supports Payment and Total Cost modes.

Financial

Currency

Mode

Land Price

Down Payment (%)

Annual Interest Rate (%)

Loan Term (years)

years

Annual Property Tax

Formula

Land loans are used to purchase vacant land or lots for future development, building, or investment. Interest rates are typically higher than standard mortgage rates and down payments are larger.

M = P[r(1+r)^n] / [(1+r)^n - 1] + T/12

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter the land price and your down payment percentage.
2Enter the annual interest rate and loan term.
3Include annual property tax for a complete monthly cost.
4Switch to Total Cost mode to see the full cost including taxes.

Examples

$100,000 land, 20% down, 7%, 15 years

1.Loan amount = $100,000 - $20,000 = $80,000
2.Monthly P&I = $719.02
3.Tax = $1,200 / 12 = $100
4.Total monthly = $719.02 + $100 = $819.02

Result: $819.02

Frequently Asked Questions

A land loan is used to purchase vacant land. It differs from a mortgage because there is no dwelling serving as collateral.

Yes, land loan rates are typically 1-3% higher than standard mortgage rates because land is considered riskier collateral.

Land loans typically require 20-50% down depending on the lender and whether the land is improved or unimproved.

Improved land has utilities and road access. Unimproved land lacks these, making financing more difficult and expensive.

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Land Loan Guide

CalculateMe Team

Last updated: 2026-07-15

Frequently Asked Questions

A land loan is used to purchase vacant land. It differs from a mortgage because there is no dwelling serving as collateral.

Yes, land loan rates are typically 1-3% higher than standard mortgage rates because land is considered riskier collateral.

Land loans typically require 20-50% down depending on the lender and whether the land is improved or unimproved.

Improved land has utilities and road access. Unimproved land lacks these, making financing more difficult and expensive.

Land Loan Calculator

Formula

How It Works

Examples

$100,000 land, 20% down, 7%, 15 years

Frequently Asked Questions

What is a land loan?

Are land loan rates higher?

What down payment is needed for land?

What is the difference between improved and unimproved land?

Related Calculators

Related Articles

Land Loan Calculator

Formula

How It Works

Examples

$100,000 land, 20% down, 7%, 15 years

Frequently Asked Questions

What is a land loan?

Are land loan rates higher?

What down payment is needed for land?

What is the difference between improved and unimproved land?

Related Calculators

Related Articles