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Construction Loan Calculator
Estimate your down payment, monthly interest, and permanent mortgage
Project Details
$
Price to purchase the lot.
$
$
Permits, fees, and 10-15% buffer for overruns.
$
Estimated future value of the completed home.
$
Minimum 20% typically required.
Combines construction and permanent mortgage into one closing.
%
%
mo
yr
Estimated Results
Total Loan Amount
$487,000
Total Project Budget
$572,000
LTV (Loan-to-Value)
78.5%
LTC (Loan-to-Cost)
85.1%
Initial Interest Pmt (Mo 1)
$457
Final Interest Pmt (Last Mo)
$3,044
Permanent Monthly P&I
$3,078
Payment Progression
Standard Draw Schedule
| Phase | % | Amount |
|---|---|---|
| Initial (Site & Foundation) | 15% | $73,050 |
| Framing & Roof | 25% | $121,750 |
| Rough-in (MEP) | 20% | $97,400 |
| Drywall & Exterior | 15% | $73,050 |
| Interior Finishes | 20% | $97,400 |
| Final CO | 5% | $24,350 |
