 |
| Loan | Mortgage | Car | Commercial | Student | Biweekly | Extra Payments | Payoff | Excel |
Construction Loan Calculator
Construction Loan Calculator with amortization schedule is a tool to estimate the monthly payment and borrowing costs for construction loans.
Home Construction Loan Calculator |
|
Loan Amount: |
$155,000.00 |
Monthly Payment: |
$4,832.15 |
Total # Of Payments: |
36 |
Start Date: |
Dec, 2025 |
Payoff Date: |
Nov, 2028 |
Total Interest Paid: |
$18,957.36 |
Total Payment: |
$173,957.36 |
Construction Loan Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Dec, 2025 | 1 | $988.13 | $3,844.02 | $4,832.15 | $151,155.98 | |
| Jan, 2026 | 2 | $963.62 | $3,868.53 | $4,832.15 | $147,287.45 | |
| Feb, 2026 | 3 | $938.96 | $3,893.19 | $4,832.15 | $143,394.25 | |
| Mar, 2026 | 4 | $914.14 | $3,918.01 | $4,832.15 | $139,476.24 | |
| Apr, 2026 | 5 | $889.16 | $3,942.99 | $4,832.15 | $135,533.26 | |
| May, 2026 | 6 | $864.02 | $3,968.12 | $4,832.15 | $131,565.13 | |
| Jun, 2026 | 7 | $838.73 | $3,993.42 | $4,832.15 | $127,571.71 | |
| Jul, 2026 | 8 | $813.27 | $4,018.88 | $4,832.15 | $123,552.83 | |
| Aug, 2026 | 9 | $787.65 | $4,044.50 | $4,832.15 | $119,508.33 | |
| Sep, 2026 | 10 | $761.87 | $4,070.28 | $4,832.15 | $115,438.05 | |
| Oct, 2026 | 11 | $735.92 | $4,096.23 | $4,832.15 | $111,341.82 | |
| Nov, 2026 | 12 | $709.80 | $4,122.34 | $4,832.15 | $107,219.47 | |
| Dec, 2026 | 13 | $683.52 | $4,148.62 | $4,832.15 | $103,070.85 | |
| Jan, 2027 | 14 | $657.08 | $4,175.07 | $4,832.15 | $98,895.77 | |
| Feb, 2027 | 15 | $630.46 | $4,201.69 | $4,832.15 | $94,694.09 | |
| Mar, 2027 | 16 | $603.67 | $4,228.47 | $4,832.15 | $90,465.61 | |
| Apr, 2027 | 17 | $576.72 | $4,255.43 | $4,832.15 | $86,210.18 | |
| May, 2027 | 18 | $549.59 | $4,282.56 | $4,832.15 | $81,927.62 | |
| Jun, 2027 | 19 | $522.29 | $4,309.86 | $4,832.15 | $77,617.76 | |
| Jul, 2027 | 20 | $494.81 | $4,337.34 | $4,832.15 | $73,280.43 | |
| Aug, 2027 | 21 | $467.16 | $4,364.99 | $4,832.15 | $68,915.44 | |
| Sep, 2027 | 22 | $439.34 | $4,392.81 | $4,832.15 | $64,522.63 | |
| Oct, 2027 | 23 | $411.33 | $4,420.82 | $4,832.15 | $60,101.81 | |
| Nov, 2027 | 24 | $383.15 | $4,449.00 | $4,832.15 | $55,652.81 | |
| Dec, 2027 | 25 | $354.79 | $4,477.36 | $4,832.15 | $51,175.45 | |
| Jan, 2028 | 26 | $326.24 | $4,505.91 | $4,832.15 | $46,669.54 | |
| Feb, 2028 | 27 | $297.52 | $4,534.63 | $4,832.15 | $42,134.91 | |
| Mar, 2028 | 28 | $268.61 | $4,563.54 | $4,832.15 | $37,571.37 | |
| Apr, 2028 | 29 | $239.52 | $4,592.63 | $4,832.15 | $32,978.74 | |
| May, 2028 | 30 | $210.24 | $4,621.91 | $4,832.15 | $28,356.83 | |
| Jun, 2028 | 31 | $180.77 | $4,651.37 | $4,832.15 | $23,705.46 | |
| Jul, 2028 | 32 | $151.12 | $4,681.03 | $4,832.15 | $19,024.43 | |
| Aug, 2028 | 33 | $121.28 | $4,710.87 | $4,832.15 | $14,313.56 | |
| Sep, 2028 | 34 | $91.25 | $4,740.90 | $4,832.15 | $9,572.66 | |
| Oct, 2028 | 35 | $61.03 | $4,771.12 | $4,832.15 | $4,801.54 | |
| Nov, 2028 | 36 | $30.61 | $4,801.54 | $4,832.15 | $0.00 | |
What Is a Construction Loan?
A construction loan is a short-term, high-interest loan used to finance the building or major renovation of a house. Unlike a traditional mortgage where borrowers receive a lump sum, a construction loan gives the borrower the money in installments. Construction loans are useful for real estate investors, homebuilders, and homeowners planning major update for their home. The typical terms for construction loans are in the range of 6 to 24 months, higher interest rate, and require interest-only payments during construction. At the end of the construction or renovation, the construction loan is usually converted into a traditional mortgage.
Types of Construction Loans
Various types of construction loans are available depending on the need of the borrower.
- Construction-to-Permanent Loan - Turn the construction loan into a mortgage once construction is complete, and only a single close is required.
- Stand-Alone Construction Loan - Flexible future mortgage terms but need two closing, and usually higher long term costs.
- Renovation Construction Loan - Homeowner may want to get a renovation loan for major remodels or fixes.
- Owner-Builder Construction Loan - Specialized financing for homeowners who act as their own general contractor to build a new house.
Construction Loans FAQs
Can I buy land with a construction loan?
Yes, many lenders allow a land purchase as part of the first draw.
Are construction loan rates fixed?
Construction loans are usually variable rates during construction and convert into a fixed rate mortgage when construction is completed.
Can I switch construction contractors?
You can switch only with lender approval and updated documentation.
How long does approval take?
Construction loans can take anywhere from 30–60 days for approval.
Boat Loan Calculator
Biweekly Loan Calculator
Extra Payment Loan Calculator
Reverse Loan Calculator
Balloon Loan Calculator
Refinance Calculator
Recasting Calculator
Home Equity Loan Calculator
Simple Loan Calculator
USDA Loan Calculator
VA Loan Calculator
FHA Loan Calculator
Interest Only Loan Calculator
Loan Payoff Calculator
Car Loan Calculator
Personal Loan Calculator
Loan Calculator Excel
RV Loan Calculator
Business Loan Calculator
HELOC Loan Calculator
Land Loan Calculator
Commercial Loan Calculator
Construction Loan Calculator
Student Loan Calculator
Loan Amortization Calculator
Auto Loan Calculator
Home Loan Calculator
Loan Payment Calculator
Loan Comparison Calculator
Loan Interest Calculator
Loan Balance Calculator
Credit Card Calculator
Mortgage Loan Calculator
Bridge Loan Calculator
Piggyback Loan Calculator
Line of Credit Loan Calculator
PMI Calculator
APR Calculator
APY Calculator
Today's Home Equity Rates
Check Today's Mortgage Rates
Loan Calculator | Terms | Privacy | Disclaimer | Contact
©2025 Loan Calculator