Land Loan Calculator

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Vacant Land Loan Calculator to calculate monthly mortgage payments with a land contract amortization schedule. The land mortgage calculator returns the payoff date, total payment, and total interest payment for your mortgage. This will be the only land contract calculator that you will ever need whether you want to calculate payments for residential or commercial lands.

Lot Loan Calculator
Mortgage Amount:	$100,000.00
Monthly Payment:	$1,148.24
Total # Of Payments:	120
Start Date:	May, 2026
Payoff Date:	Apr, 2036
Total Interest Paid:	$37,788.94
Total Payment:	$137,788.94

Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Land Contract Amortization Schedule
May, 2026	1	$562.50	$585.74	$1,148.24	$99,414.26
Jun, 2026	2	$559.21	$589.04	$1,148.24	$98,825.22
Jul, 2026	3	$555.89	$592.35	$1,148.24	$98,232.87
Aug, 2026	4	$552.56	$595.68	$1,148.24	$97,637.19
Sep, 2026	5	$549.21	$599.03	$1,148.24	$97,038.16
Oct, 2026	6	$545.84	$602.40	$1,148.24	$96,435.76
Nov, 2026	7	$542.45	$605.79	$1,148.24	$95,829.97
Dec, 2026	8	$539.04	$609.20	$1,148.24	$95,220.77
Jan, 2027	9	$535.62	$612.62	$1,148.24	$94,608.15
Feb, 2027	10	$532.17	$616.07	$1,148.24	$93,992.08
Mar, 2027	11	$528.71	$619.54	$1,148.24	$93,372.54
Apr, 2027	12	$525.22	$623.02	$1,148.24	$92,749.52
May, 2027	13	$521.72	$626.53	$1,148.24	$92,123.00
Jun, 2027	14	$518.19	$630.05	$1,148.24	$91,492.95
Jul, 2027	15	$514.65	$633.59	$1,148.24	$90,859.35
Aug, 2027	16	$511.08	$637.16	$1,148.24	$90,222.20
Sep, 2027	17	$507.50	$640.74	$1,148.24	$89,581.45
Oct, 2027	18	$503.90	$644.35	$1,148.24	$88,937.11
Nov, 2027	19	$500.27	$647.97	$1,148.24	$88,289.14
Dec, 2027	20	$496.63	$651.61	$1,148.24	$87,637.52
Jan, 2028	21	$492.96	$655.28	$1,148.24	$86,982.24
Feb, 2028	22	$489.28	$658.97	$1,148.24	$86,323.28
Mar, 2028	23	$485.57	$662.67	$1,148.24	$85,660.61
Apr, 2028	24	$481.84	$666.40	$1,148.24	$84,994.21
May, 2028	25	$478.09	$670.15	$1,148.24	$84,324.06
Jun, 2028	26	$474.32	$673.92	$1,148.24	$83,650.14
Jul, 2028	27	$470.53	$677.71	$1,148.24	$82,972.43
Aug, 2028	28	$466.72	$681.52	$1,148.24	$82,290.91
Sep, 2028	29	$462.89	$685.35	$1,148.24	$81,605.55
Oct, 2028	30	$459.03	$689.21	$1,148.24	$80,916.34
Nov, 2028	31	$455.15	$693.09	$1,148.24	$80,223.26
Dec, 2028	32	$451.26	$696.99	$1,148.24	$79,526.27
Jan, 2029	33	$447.34	$700.91	$1,148.24	$78,825.37
Feb, 2029	34	$443.39	$704.85	$1,148.24	$78,120.52
Mar, 2029	35	$439.43	$708.81	$1,148.24	$77,411.70
Apr, 2029	36	$435.44	$712.80	$1,148.24	$76,698.90
May, 2029	37	$431.43	$716.81	$1,148.24	$75,982.09
Jun, 2029	38	$427.40	$720.84	$1,148.24	$75,261.25
Jul, 2029	39	$423.34	$724.90	$1,148.24	$74,536.35
Aug, 2029	40	$419.27	$728.97	$1,148.24	$73,807.38
Sep, 2029	41	$415.17	$733.07	$1,148.24	$73,074.31
Oct, 2029	42	$411.04	$737.20	$1,148.24	$72,337.11
Nov, 2029	43	$406.90	$741.34	$1,148.24	$71,595.76
Dec, 2029	44	$402.73	$745.51	$1,148.24	$70,850.25
Jan, 2030	45	$398.53	$749.71	$1,148.24	$70,100.54
Feb, 2030	46	$394.32	$753.93	$1,148.24	$69,346.61
Mar, 2030	47	$390.07	$758.17	$1,148.24	$68,588.45
Apr, 2030	48	$385.81	$762.43	$1,148.24	$67,826.02
May, 2030	49	$381.52	$766.72	$1,148.24	$67,059.30
Jun, 2030	50	$377.21	$771.03	$1,148.24	$66,288.26
Jul, 2030	51	$372.87	$775.37	$1,148.24	$65,512.89
Aug, 2030	52	$368.51	$779.73	$1,148.24	$64,733.16
Sep, 2030	53	$364.12	$784.12	$1,148.24	$63,949.05
Oct, 2030	54	$359.71	$788.53	$1,148.24	$63,160.52
Nov, 2030	55	$355.28	$792.96	$1,148.24	$62,367.55
Dec, 2030	56	$350.82	$797.42	$1,148.24	$61,570.13
Jan, 2031	57	$346.33	$801.91	$1,148.24	$60,768.22
Feb, 2031	58	$341.82	$806.42	$1,148.24	$59,961.80
Mar, 2031	59	$337.29	$810.96	$1,148.24	$59,150.85
Apr, 2031	60	$332.72	$815.52	$1,148.24	$58,335.33
May, 2031	61	$328.14	$820.10	$1,148.24	$57,515.22
Jun, 2031	62	$323.52	$824.72	$1,148.24	$56,690.51
Jul, 2031	63	$318.88	$829.36	$1,148.24	$55,861.15
Aug, 2031	64	$314.22	$834.02	$1,148.24	$55,027.13
Sep, 2031	65	$309.53	$838.71	$1,148.24	$54,188.41
Oct, 2031	66	$304.81	$843.43	$1,148.24	$53,344.98
Nov, 2031	67	$300.07	$848.18	$1,148.24	$52,496.81
Dec, 2031	68	$295.29	$852.95	$1,148.24	$51,643.86
Jan, 2032	69	$290.50	$857.74	$1,148.24	$50,786.11
Feb, 2032	70	$285.67	$862.57	$1,148.24	$49,923.55
Mar, 2032	71	$280.82	$867.42	$1,148.24	$49,056.12
Apr, 2032	72	$275.94	$872.30	$1,148.24	$48,183.82
May, 2032	73	$271.03	$877.21	$1,148.24	$47,306.62
Jun, 2032	74	$266.10	$882.14	$1,148.24	$46,424.48
Jul, 2032	75	$261.14	$887.10	$1,148.24	$45,537.37
Aug, 2032	76	$256.15	$892.09	$1,148.24	$44,645.28
Sep, 2032	77	$251.13	$897.11	$1,148.24	$43,748.17
Oct, 2032	78	$246.08	$902.16	$1,148.24	$42,846.01
Nov, 2032	79	$241.01	$907.23	$1,148.24	$41,938.78
Dec, 2032	80	$235.91	$912.34	$1,148.24	$41,026.44
Jan, 2033	81	$230.77	$917.47	$1,148.24	$40,108.97
Feb, 2033	82	$225.61	$922.63	$1,148.24	$39,186.35
Mar, 2033	83	$220.42	$927.82	$1,148.24	$38,258.53
Apr, 2033	84	$215.20	$933.04	$1,148.24	$37,325.49
May, 2033	85	$209.96	$938.29	$1,148.24	$36,387.21
Jun, 2033	86	$204.68	$943.56	$1,148.24	$35,443.64
Jul, 2033	87	$199.37	$948.87	$1,148.24	$34,494.77
Aug, 2033	88	$194.03	$954.21	$1,148.24	$33,540.56
Sep, 2033	89	$188.67	$959.58	$1,148.24	$32,580.99
Oct, 2033	90	$183.27	$964.97	$1,148.24	$31,616.02
Nov, 2033	91	$177.84	$970.40	$1,148.24	$30,645.61
Dec, 2033	92	$172.38	$975.86	$1,148.24	$29,669.75
Jan, 2034	93	$166.89	$981.35	$1,148.24	$28,688.41
Feb, 2034	94	$161.37	$986.87	$1,148.24	$27,701.54
Mar, 2034	95	$155.82	$992.42	$1,148.24	$26,709.12
Apr, 2034	96	$150.24	$998.00	$1,148.24	$25,711.11
May, 2034	97	$144.63	$1,003.62	$1,148.24	$24,707.50
Jun, 2034	98	$138.98	$1,009.26	$1,148.24	$23,698.24
Jul, 2034	99	$133.30	$1,014.94	$1,148.24	$22,683.30
Aug, 2034	100	$127.59	$1,020.65	$1,148.24	$21,662.65
Sep, 2034	101	$121.85	$1,026.39	$1,148.24	$20,636.26
Oct, 2034	102	$116.08	$1,032.16	$1,148.24	$19,604.10
Nov, 2034	103	$110.27	$1,037.97	$1,148.24	$18,566.13
Dec, 2034	104	$104.43	$1,043.81	$1,148.24	$17,522.33
Jan, 2035	105	$98.56	$1,049.68	$1,148.24	$16,472.65
Feb, 2035	106	$92.66	$1,055.58	$1,148.24	$15,417.06
Mar, 2035	107	$86.72	$1,061.52	$1,148.24	$14,355.54
Apr, 2035	108	$80.75	$1,067.49	$1,148.24	$13,288.05
May, 2035	109	$74.75	$1,073.50	$1,148.24	$12,214.56
Jun, 2035	110	$68.71	$1,079.53	$1,148.24	$11,135.02
Jul, 2035	111	$62.63	$1,085.61	$1,148.24	$10,049.42
Aug, 2035	112	$56.53	$1,091.71	$1,148.24	$8,957.70
Sep, 2035	113	$50.39	$1,097.85	$1,148.24	$7,859.85
Oct, 2035	114	$44.21	$1,104.03	$1,148.24	$6,755.82
Nov, 2035	115	$38.00	$1,110.24	$1,148.24	$5,645.58
Dec, 2035	116	$31.76	$1,116.48	$1,148.24	$4,529.10
Jan, 2036	117	$25.48	$1,122.76	$1,148.24	$3,406.33
Feb, 2036	118	$19.16	$1,129.08	$1,148.24	$2,277.25
Mar, 2036	119	$12.81	$1,135.43	$1,148.24	$1,141.82
Apr, 2036	120	$6.42	$1,141.82	$1,148.24	$0.00

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Land Contract Calculator

The farmland financing calculator is calculated based on the land mortgage amount, terms, and interest rate. You can change the first payment date and the amortization schedule to monthly or yearly. A complete amortization schedule will be shown with monthly payment details such as the interest paid, principal paid, and remaining balance.

How Does the Land Loan Calculator Work?

Just like a traditional mortgage calculator, this farmland loan calculator uses fixed interest loans. This means all your monthly payments will be the same through the loan terms. In the beginning, you will be paying more on interest and less on principal. As the loan progresses, more money from the monthly payment will be towards the principal.

Land Loan Calculator Amortization Schedule

Mortgage Amount - the amount of loan that you apply for to finance the purchase of land.
Loan Terms - in how many years is the loan due or will you pay off your land loan?
Interest Rate - at what interest rate will you pay back the lender on your loan?
First Payment Date - when are you starting to make payments for your land loan?
Amortization schedule - you have the option to view your amortization schedule monthly or yearly, so you know exactly how much you are paying in interest, principal, and remaining balance on your loan. The land amortization schedule is printable and you can export it to a pdf file.

Land Payment Calculator with Extra Payments

Some landowners may want to pay off their loans faster, they can make extra payments to pay down the principal on a monthly basis, or make a one time lump sum payment. In that case, you can use our extra payment mortgage calculator which has options to include extra payments on your land loan. There really isn't much difference between a regular mortgage calculator and a land payment calculator. However, this land loan payment calculator does not include options for taxes and insurance, down payment, and extra payment. If you need to calculate your land loan with these options, please use the advanced mortgage calculator which has many more options. There are four types of extra payment options that you can choose from, such as one time, monthly, quarterly, or yearly options to pay down your land loan quicker before maturity. However, when you choose to make extra payments for your land, make sure there are no additional charges, and you are paying down your principal rather than interest.

What kind of loan do you need to buy land?

If you are planning to buy land to build a house or for commercial purposes, you will need to get a land or lot loan. Traditional mortgage lenders generally won't finance this type of purchase because they consider this type of finance to be riskier than a standard mortgage on a house.

Land Loan vs. Traditional Mortgage?

In a traditional mortgage, borrowers are less likely to default on their mortgages especially if they are using the house as a primary residence. In addition, a house has more value than land to the lenders because they can take away your property and resell it quickly in case borrowers fail to make payments. It is less likely for a homeowner to walk away from their mortgage than a landowner when they have issues with their financials. It is in the lender's best interest to finance the property and get the monthly payments from the borrower, rather than the hassle of dealing with foreclosures and getting their money back by reselling the property or the land. For this reason, it is harder to get a land loan than a house mortgage.

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Land Mortgage Options

Since there are fewer options available for financing land, the terms are less favorable for lands than a traditional mortgage. You might have to pay a higher interest rate with bigger down payments, as well as shorter loan terms. Some lenders may require balloon payments, which is a type of loan where you have to make a big lump sum payment at the end of the loan. If you are looking to get a land loan, take your time and shop around and see which lenders offer the best terms. It never hurts to compare and see what options you have.

Farm Mortgage Calculator

Land Mortgage Calculator
Mortgage Amount		Loan Terms	years
Interest Rate		First Payment Date
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