Construction Loan
Enter the construction budget and loan details.
Total construction loan cost
$0
Interest during build: $0
Loan amount
$0
Interest-only payment (mo)
$0
Total interest during build
$0
Permanent monthly payment
$0
Total cost (build + perm)
$0
Total interest over life
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Total construction cost ($) | $300,000 |
| Down payment ($) | $60,000 |
| Construction loan rate (%) | 7.5% |
| Construction period (months) | 12 |
| Permanent loan rate (%) | 6.5% |
| Permanent loan term (years) | 30 years |
| Result | Value |
|---|---|
| Total construction loan cost | $1,500 |
| Loan amount | $240,000 |
| Interest-only payment (mo) | $1,500 |
| Total interest during build | $18,000 |
| Permanent monthly payment | $1,517 |
| Total cost (build + perm) | $564,107 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Construction Loan
- Total construction cost ($) — default $300,000
- Down payment ($) — default $60,000
- Construction loan rate (%) — default 7.5%
- Construction period (months) — default 12
- Permanent loan rate (%) — default 6.5%
- Permanent loan term (years) — default 30 years
- Press Calculate to update the results instantly.