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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.

Land Mortgage Calculator

Mortgage Amount
Loan Terms
years
Interest Rate
First Payment Date
Amortization Schedule
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Lot Loan Calculator

Mortgage Amount:
$100,000.00
Monthly Payment:
$1,148.24
Total # Of Payments:
120
Start Date:
Jul, 2024
Payoff Date:
Jun, 2034
Total Interest Paid:
$37,788.94
Total Payment:
$137,788.94

Land Contract Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jul, 2024 1 $562.50 $585.74 $1,148.24 $99,414.26
Aug, 2024 2 $559.21 $589.04 $1,148.24 $98,825.22
Sep, 2024 3 $555.89 $592.35 $1,148.24 $98,232.87
Oct, 2024 4 $552.56 $595.68 $1,148.24 $97,637.19
Nov, 2024 5 $549.21 $599.03 $1,148.24 $97,038.16
Dec, 2024 6 $545.84 $602.40 $1,148.24 $96,435.76
Jan, 2025 7 $542.45 $605.79 $1,148.24 $95,829.97
Feb, 2025 8 $539.04 $609.20 $1,148.24 $95,220.77
Mar, 2025 9 $535.62 $612.62 $1,148.24 $94,608.15
Apr, 2025 10 $532.17 $616.07 $1,148.24 $93,992.08
May, 2025 11 $528.71 $619.54 $1,148.24 $93,372.54
Jun, 2025 12 $525.22 $623.02 $1,148.24 $92,749.52
Jul, 2025 13 $521.72 $626.53 $1,148.24 $92,123.00
Aug, 2025 14 $518.19 $630.05 $1,148.24 $91,492.95
Sep, 2025 15 $514.65 $633.59 $1,148.24 $90,859.35
Oct, 2025 16 $511.08 $637.16 $1,148.24 $90,222.20
Nov, 2025 17 $507.50 $640.74 $1,148.24 $89,581.45
Dec, 2025 18 $503.90 $644.35 $1,148.24 $88,937.11
Jan, 2026 19 $500.27 $647.97 $1,148.24 $88,289.14
Feb, 2026 20 $496.63 $651.61 $1,148.24 $87,637.52
Mar, 2026 21 $492.96 $655.28 $1,148.24 $86,982.24
Apr, 2026 22 $489.28 $658.97 $1,148.24 $86,323.28
May, 2026 23 $485.57 $662.67 $1,148.24 $85,660.61
Jun, 2026 24 $481.84 $666.40 $1,148.24 $84,994.21
Jul, 2026 25 $478.09 $670.15 $1,148.24 $84,324.06
Aug, 2026 26 $474.32 $673.92 $1,148.24 $83,650.14
Sep, 2026 27 $470.53 $677.71 $1,148.24 $82,972.43
Oct, 2026 28 $466.72 $681.52 $1,148.24 $82,290.91
Nov, 2026 29 $462.89 $685.35 $1,148.24 $81,605.55
Dec, 2026 30 $459.03 $689.21 $1,148.24 $80,916.34
Jan, 2027 31 $455.15 $693.09 $1,148.24 $80,223.26
Feb, 2027 32 $451.26 $696.99 $1,148.24 $79,526.27
Mar, 2027 33 $447.34 $700.91 $1,148.24 $78,825.37
Apr, 2027 34 $443.39 $704.85 $1,148.24 $78,120.52
May, 2027 35 $439.43 $708.81 $1,148.24 $77,411.70
Jun, 2027 36 $435.44 $712.80 $1,148.24 $76,698.90
Jul, 2027 37 $431.43 $716.81 $1,148.24 $75,982.09
Aug, 2027 38 $427.40 $720.84 $1,148.24 $75,261.25
Sep, 2027 39 $423.34 $724.90 $1,148.24 $74,536.35
Oct, 2027 40 $419.27 $728.97 $1,148.24 $73,807.38
Nov, 2027 41 $415.17 $733.07 $1,148.24 $73,074.31
Dec, 2027 42 $411.04 $737.20 $1,148.24 $72,337.11
Jan, 2028 43 $406.90 $741.34 $1,148.24 $71,595.76
Feb, 2028 44 $402.73 $745.51 $1,148.24 $70,850.25
Mar, 2028 45 $398.53 $749.71 $1,148.24 $70,100.54
Apr, 2028 46 $394.32 $753.93 $1,148.24 $69,346.61
May, 2028 47 $390.07 $758.17 $1,148.24 $68,588.45
Jun, 2028 48 $385.81 $762.43 $1,148.24 $67,826.02
Jul, 2028 49 $381.52 $766.72 $1,148.24 $67,059.30
Aug, 2028 50 $377.21 $771.03 $1,148.24 $66,288.26
Sep, 2028 51 $372.87 $775.37 $1,148.24 $65,512.89
Oct, 2028 52 $368.51 $779.73 $1,148.24 $64,733.16
Nov, 2028 53 $364.12 $784.12 $1,148.24 $63,949.05
Dec, 2028 54 $359.71 $788.53 $1,148.24 $63,160.52
Jan, 2029 55 $355.28 $792.96 $1,148.24 $62,367.55
Feb, 2029 56 $350.82 $797.42 $1,148.24 $61,570.13
Mar, 2029 57 $346.33 $801.91 $1,148.24 $60,768.22
Apr, 2029 58 $341.82 $806.42 $1,148.24 $59,961.80
May, 2029 59 $337.29 $810.96 $1,148.24 $59,150.85
Jun, 2029 60 $332.72 $815.52 $1,148.24 $58,335.33
Jul, 2029 61 $328.14 $820.10 $1,148.24 $57,515.22
Aug, 2029 62 $323.52 $824.72 $1,148.24 $56,690.51
Sep, 2029 63 $318.88 $829.36 $1,148.24 $55,861.15
Oct, 2029 64 $314.22 $834.02 $1,148.24 $55,027.13
Nov, 2029 65 $309.53 $838.71 $1,148.24 $54,188.41
Dec, 2029 66 $304.81 $843.43 $1,148.24 $53,344.98
Jan, 2030 67 $300.07 $848.18 $1,148.24 $52,496.81
Feb, 2030 68 $295.29 $852.95 $1,148.24 $51,643.86
Mar, 2030 69 $290.50 $857.74 $1,148.24 $50,786.11
Apr, 2030 70 $285.67 $862.57 $1,148.24 $49,923.55
May, 2030 71 $280.82 $867.42 $1,148.24 $49,056.12
Jun, 2030 72 $275.94 $872.30 $1,148.24 $48,183.82
Jul, 2030 73 $271.03 $877.21 $1,148.24 $47,306.62
Aug, 2030 74 $266.10 $882.14 $1,148.24 $46,424.48
Sep, 2030 75 $261.14 $887.10 $1,148.24 $45,537.37
Oct, 2030 76 $256.15 $892.09 $1,148.24 $44,645.28
Nov, 2030 77 $251.13 $897.11 $1,148.24 $43,748.17
Dec, 2030 78 $246.08 $902.16 $1,148.24 $42,846.01
Jan, 2031 79 $241.01 $907.23 $1,148.24 $41,938.78
Feb, 2031 80 $235.91 $912.34 $1,148.24 $41,026.44
Mar, 2031 81 $230.77 $917.47 $1,148.24 $40,108.97
Apr, 2031 82 $225.61 $922.63 $1,148.24 $39,186.35
May, 2031 83 $220.42 $927.82 $1,148.24 $38,258.53
Jun, 2031 84 $215.20 $933.04 $1,148.24 $37,325.49
Jul, 2031 85 $209.96 $938.29 $1,148.24 $36,387.21
Aug, 2031 86 $204.68 $943.56 $1,148.24 $35,443.64
Sep, 2031 87 $199.37 $948.87 $1,148.24 $34,494.77
Oct, 2031 88 $194.03 $954.21 $1,148.24 $33,540.56
Nov, 2031 89 $188.67 $959.58 $1,148.24 $32,580.99
Dec, 2031 90 $183.27 $964.97 $1,148.24 $31,616.02
Jan, 2032 91 $177.84 $970.40 $1,148.24 $30,645.61
Feb, 2032 92 $172.38 $975.86 $1,148.24 $29,669.75
Mar, 2032 93 $166.89 $981.35 $1,148.24 $28,688.41
Apr, 2032 94 $161.37 $986.87 $1,148.24 $27,701.54
May, 2032 95 $155.82 $992.42 $1,148.24 $26,709.12
Jun, 2032 96 $150.24 $998.00 $1,148.24 $25,711.11
Jul, 2032 97 $144.63 $1,003.62 $1,148.24 $24,707.50
Aug, 2032 98 $138.98 $1,009.26 $1,148.24 $23,698.24
Sep, 2032 99 $133.30 $1,014.94 $1,148.24 $22,683.30
Oct, 2032 100 $127.59 $1,020.65 $1,148.24 $21,662.65
Nov, 2032 101 $121.85 $1,026.39 $1,148.24 $20,636.26
Dec, 2032 102 $116.08 $1,032.16 $1,148.24 $19,604.10
Jan, 2033 103 $110.27 $1,037.97 $1,148.24 $18,566.13
Feb, 2033 104 $104.43 $1,043.81 $1,148.24 $17,522.33
Mar, 2033 105 $98.56 $1,049.68 $1,148.24 $16,472.65
Apr, 2033 106 $92.66 $1,055.58 $1,148.24 $15,417.06
May, 2033 107 $86.72 $1,061.52 $1,148.24 $14,355.54
Jun, 2033 108 $80.75 $1,067.49 $1,148.24 $13,288.05
Jul, 2033 109 $74.75 $1,073.50 $1,148.24 $12,214.56
Aug, 2033 110 $68.71 $1,079.53 $1,148.24 $11,135.02
Sep, 2033 111 $62.63 $1,085.61 $1,148.24 $10,049.42
Oct, 2033 112 $56.53 $1,091.71 $1,148.24 $8,957.70
Nov, 2033 113 $50.39 $1,097.85 $1,148.24 $7,859.85
Dec, 2033 114 $44.21 $1,104.03 $1,148.24 $6,755.82
Jan, 2034 115 $38.00 $1,110.24 $1,148.24 $5,645.58
Feb, 2034 116 $31.76 $1,116.48 $1,148.24 $4,529.10
Mar, 2034 117 $25.48 $1,122.76 $1,148.24 $3,406.33
Apr, 2034 118 $19.16 $1,129.08 $1,148.24 $2,277.25
May, 2034 119 $12.81 $1,135.43 $1,148.24 $1,141.82
Jun, 2034 120 $6.42 $1,141.82 $1,148.24 $0.00


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.



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

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