Land Loan Calculator

Display currencyFormatting only. This does not change the calculation.

Loan amount

Annual interest rate (%)The nominal annual rate (APR before fees), not the monthly rate.

Loan term (years)

Term - additional monthsAdded to the term in years, for terms such as 5 years and 6 months. To state a tenure purely in months, set the years to 0 and enter the whole tenure here.

Payment frequency

Extra payment each period Additional principal paid on top of the scheduled payment.

Include the amortisation schedule

Balloon payment due after (years)Commercial, land and construction loans are commonly written on a long amortisation but fall due earlier, with the remaining balance repaid in one balloon payment. Leave at 0 for a fully amortising loan.

Origination fee or points (%)A percentage of the loan withheld at closing. Enter the figure your lender quotes - fee schedules differ by lender and by programme.

Other fees deducted at closing Guaranty, packaging, survey or documentation fees withheld from the advance rather than paid separately.

Payment

871.11

Loan Payment Calculator

Total interest

56,798.89

Total of payments

156,798.89

Number of payments

180

Payoff time

15 years

Rate per period

0.541667 %

Interest per unit borrowed

0.568

Interest saved by extra payments

Payments saved

Loan amount

100,000.00

Annual interest rate

6.5 %

Months to repay

180

Fees deducted at closing

0.00

Net amount advanced

100,000.00

APR

6.5 %

Worked out from Standard annuity-immediate payment formula, PMT = P i / (1 - (1+i)^-n) and 4 other sources.

How this is worked out

3 steps

Rate per period = 6.5% / 12 = 0.541667%
Payment = P i / (1 - (1+i)^-n) = 871.11
Over 180 payments the total paid is 156798.89, of which 56798.89 is interest.

Amortisation scheduletable

period	payment	interest	principal	balance
1	871.11	541.67	329.44	99,670.56
2	871.11	539.88	331.23	99,339.33
3	871.11	538.09	333.02	99,006.31
4	871.11	536.28	334.83	98,671.48
5	871.11	534.47	336.64	98,334.84
6	871.11	532.65	338.46	97,996.38
7	871.11	530.81	340.3	97,656.08
8	871.11	528.97	342.14	97,313.94
9	871.11	527.12	343.99	96,969.95
10	871.11	525.25	345.86	96,624.09
11	871.11	523.38	347.73	96,276.36
12	871.11	521.5	349.61	95,926.75
13	871.11	519.6	351.51	95,575.24
14	871.11	517.7	353.41	95,221.83
15	871.11	515.78	355.33	94,866.5
16	871.11	513.86	357.25	94,509.25
17	871.11	511.93	359.18	94,150.07
18	871.11	509.98	361.13	93,788.94
19	871.11	508.02	363.09	93,425.85
20	871.11	506.06	365.05	93,060.8
21	871.11	504.08	367.03	92,693.77
22	871.11	502.09	369.02	92,324.75
23	871.11	500.09	371.02	91,953.73
24	871.11	498.08	373.03	91,580.7
25	871.11	496.06	375.05	91,205.65
26	871.11	494.03	377.08	90,828.57
27	871.11	491.99	379.12	90,449.45
28	871.11	489.93	381.18	90,068.27
29	871.11	487.87	383.24	89,685.03
30	871.11	485.79	385.32	89,299.71
31	871.11	483.71	387.4	88,912.31
32	871.11	481.61	389.5	88,522.81
33	871.11	479.5	391.61	88,131.2
34	871.11	477.38	393.73	87,737.47
35	871.11	475.24	395.87	87,341.6
36	871.11	473.1	398.01	86,943.59
37	871.11	470.94	400.17	86,543.42
38	871.11	468.78	402.33	86,141.09
39	871.11	466.6	404.51	85,736.58
40	871.11	464.41	406.7	85,329.88
41	871.11	462.2	408.91	84,920.97
42	871.11	459.99	411.12	84,509.85
43	871.11	457.76	413.35	84,096.5
44	871.11	455.52	415.59	83,680.91
45	871.11	453.27	417.84	83,263.07
46	871.11	451.01	420.1	82,842.97
47	871.11	448.73	422.38	82,420.59
48	871.11	446.44	424.67	81,995.92
49	871.11	444.14	426.97	81,568.95
50	871.11	441.83	429.28	81,139.67
51	871.11	439.51	431.6	80,708.07
52	871.11	437.17	433.94	80,274.13
53	871.11	434.82	436.29	79,837.84
54	871.11	432.45	438.66	79,399.18
55	871.11	430.08	441.03	78,958.15
56	871.11	427.69	443.42	78,514.73
57	871.11	425.29	445.82	78,068.91
58	871.11	422.87	448.24	77,620.67
59	871.11	420.45	450.66	77,170.01
60	871.11	418	453.11	76,716.9
61	871.11	415.55	455.56	76,261.34
62	871.11	413.08	458.03	75,803.31
63	871.11	410.6	460.51	75,342.8
64	871.11	408.11	463	74,879.8
65	871.11	405.6	465.51	74,414.29
66	871.11	403.08	468.03	73,946.26
67	871.11	400.54	470.57	73,475.69
68	871.11	397.99	473.12	73,002.57
69	871.11	395.43	475.68	72,526.89
70	871.11	392.85	478.26	72,048.63
71	871.11	390.26	480.85	71,567.78
72	871.11	387.66	483.45	71,084.33
73	871.11	385.04	486.07	70,598.26
74	871.11	382.41	488.7	70,109.56
75	871.11	379.76	491.35	69,618.21
76	871.11	377.1	494.01	69,124.2
77	871.11	374.42	496.69	68,627.51
78	871.11	371.73	499.38	68,128.13
79	871.11	369.03	502.08	67,626.05
80	871.11	366.31	504.8	67,121.25
81	871.11	363.57	507.54	66,613.71
82	871.11	360.82	510.29	66,103.42
83	871.11	358.06	513.05	65,590.37
84	871.11	355.28	515.83	65,074.54
85	871.11	352.49	518.62	64,555.92
86	871.11	349.68	521.43	64,034.49
87	871.11	346.85	524.26	63,510.23
88	871.11	344.01	527.1	62,983.13
89	871.11	341.16	529.95	62,453.18
90	871.11	338.29	532.82	61,920.36
91	871.11	335.4	535.71	61,384.65
92	871.11	332.5	538.61	60,846.04
93	871.11	329.58	541.53	60,304.51
94	871.11	326.65	544.46	59,760.05
95	871.11	323.7	547.41	59,212.64
96	871.11	320.74	550.37	58,662.27
97	871.11	317.75	553.36	58,108.91
98	871.11	314.76	556.35	57,552.56
99	871.11	311.74	559.37	56,993.19
100	871.11	308.71	562.4	56,430.79
101	871.11	305.67	565.44	55,865.35
102	871.11	302.6	568.51	55,296.84
103	871.11	299.52	571.59	54,725.25
104	871.11	296.43	574.68	54,150.57
105	871.11	293.32	577.79	53,572.78
106	871.11	290.19	580.92	52,991.86
107	871.11	287.04	584.07	52,407.79
108	871.11	283.88	587.23	51,820.56
109	871.11	280.69	590.42	51,230.14
110	871.11	277.5	593.61	50,636.53
111	871.11	274.28	596.83	50,039.7
112	871.11	271.05	600.06	49,439.64
113	871.11	267.8	603.31	48,836.33
114	871.11	264.53	606.58	48,229.75
115	871.11	261.24	609.87	47,619.88
116	871.11	257.94	613.17	47,006.71
117	871.11	254.62	616.49	46,390.22
118	871.11	251.28	619.83	45,770.39
119	871.11	247.92	623.19	45,147.2
120	871.11	244.55	626.56	44,520.64

First 120 of 180 rows.

Yearly summarytable

year	interest	principal	endingBalance
1	6,380.07	4,073.25	95,926.75
2	6,107.27	4,346.05	91,580.7
3	5,816.21	4,637.11	86,943.59
4	5,505.65	4,947.67	81,995.92
5	5,174.3	5,279.02	76,716.9
6	4,820.75	5,632.57	71,084.33
7	4,443.53	6,009.79	65,074.54
8	4,041.05	6,412.27	58,662.27
9	3,611.61	6,841.71	51,820.56
10	3,153.4	7,299.92	44,520.64
11	2,664.52	7,788.8	36,731.84
12	2,142.87	8,310.45	28,421.39
13	1,586.3	8,867.02	19,554.37
14	992.49	9,460.83	10,093.54
15	358.87	10,093.54	0

Results are general information, not financial, tax, legal, medical or engineering advice.