Construction Loan Calculator
Estimate your monthly payments, total interest, and amortization schedule for your construction project. This free tool helps you plan your financing with detailed breakdowns and visualizations.
$300,000
5.5%
12
6.0%
Loan Summary
Loan Amount
$240,000
Monthly Payment
$1,363
During construction: $1,200/mo
Total Interest
$250,752
Total Cost
$490,752
Payment Breakdown
Amortization Schedule
Construction Phase
Loan Summary
Amortization Schedule
Detailed breakdown of each payment throughout the life of your loan.
| Month | Payment | Principal | Interest | Remaining Balance |
|---|
Construction Phase Details
Interest-only payments during the construction period.
| Month | Interest Payment | Loan Draw | Cumulative Draw | Balance |
|---|
Loan Summary Details
Loan Amount
$240,000
Down Payment
$60,000
Construction Period
12 months
Construction Interest
$14,400
Loan Term
30 years
Interest Rate
5.5%
Total Interest
$250,752
Total Cost
$490,752