$445.00
per month
Loan
$403.33
Taxes
$41.67
Other
$0.00
Principle
$40,000
Interest
$32,600
This is an estimate only. Finance options and payment amounts may vary. Additional closing costs and property expenses may apply.

Land Loan Calculator

Calculating land loan payments is an essential step when considering the purchase of property or vacant land. With our user-friendly land loan calculator, you can take the guesswork out of budgeting for your investment.

By simply entering details such as the land price, interest rate, loan term, and down payment, you can quickly determine your monthly payment, helping you make informed decisions about your purchase. Whether you're buying land for building your dream home, farming, or investment purposes, understanding your financial commitment is crucial.


Questions about land loans

How do you get a land loan?

The first step in securing a land loan is to determine your budget. You can estimate your land loan payments using our calculator to ensure your debt-to-income ratio supports the financing. Land loan options include conventional bank loans, land contracts, and government-backed loans such as USDA or FHA loans.

  • Conventional bank loans are offered by traditional financial institutions and typically require a large down payment and good credit.
  • Owner financing involves the land seller providing financing directly to the buyer, often offering more flexible terms than a bank loan.
  • Government-backed loans, like USDA or FHA loans, are available through federal or state programs to help buyers purchase land in rural or low-income areas. When applying for a land loan, it’s essential to have a clear plan for the land and demonstrate its potential value, such as having a specific purpose for the property.

What Are the Types of Land Loans?

There are three main types of land loans, each with distinct characteristics and requirements. A raw land loan is designed for undeveloped properties that lack roads, utilities, or other infrastructure. While raw land is typically more affordable than developed land, borrowers often face higher interest rates and larger down payment requirements compared to improved land loans or traditional mortgages. An unimproved land loan applies to properties that have basic road access and limited utilities. These loans are for land that is more developed than raw land but less prepared for use than improved land. As a result, unimproved land is usually more expensive than raw land, and the loan terms are better than those for raw land but less favorable than those for improved land or single-family homes. Finally, an improved land loan is intended for properties that have full access to roads, utilities, and infrastructure. Improved land is the most expensive type because it is ready for development. However, these loans generally come with the best terms, including smaller down payments and lower interest rates, as they are considered less risky than loans for raw or unimproved land. copy and paste, just make sure you bold the three types on the page.


Users love us!

You will love using our land loan calculator for its simplicity, accuracy, and ability to make complex loan calculations effortless.

As an accountant, I highly recommend LandLoanCalculator.net for its accurate calculations and user-friendly tool, making land loan planning simple and efficient.
Irma Walters
Accountant
LandLoanCalculator.net is an invaluable tool for assessing land loan options with precision. Its intuitive design simplifies complex calculations, empowering users to make confident and informed investment decisions.
John Bradley
Financial Analyst
I find LandLoanCalculator.net incredibly useful for planning and budgeting land purchases. It streamlines the loan calculation process, allowing me to focus on projects with a clear understanding of costs and financing.
Gary Blackman
Builder