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Land Loan Calculator

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
 Show By Month Year Check Mortgage Rates


Lot Loan Calculator
Mortgage Amount:
 $100,000.00
Monthly Payment:
 $1,148.24
Total # Of Payments:
 120
Start Date:
 Nov, 2023
Payoff Date:
 Oct, 2033
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
Nov, 2023 1 $562.50 $585.74 $1,148.24 $99,414.26
Dec, 2023 2 $559.21 $589.04 $1,148.24 $98,825.22
Jan, 2024 3 $555.89 $592.35 $1,148.24 $98,232.87
Feb, 2024 4 $552.56 $595.68 $1,148.24 $97,637.19
Mar, 2024 5 $549.21 $599.03 $1,148.24 $97,038.16
Apr, 2024 6 $545.84 $602.40 $1,148.24 $96,435.76
May, 2024 7 $542.45 $605.79 $1,148.24 $95,829.97
Jun, 2024 8 $539.04 $609.20 $1,148.24 $95,220.77
Jul, 2024 9 $535.62 $612.62 $1,148.24 $94,608.15
Aug, 2024 10 $532.17 $616.07 $1,148.24 $93,992.08
Sep, 2024 11 $528.71 $619.54 $1,148.24 $93,372.54
Oct, 2024 12 $525.22 $623.02 $1,148.24 $92,749.52
Nov, 2024 13 $521.72 $626.53 $1,148.24 $92,123.00
Dec, 2024 14 $518.19 $630.05 $1,148.24 $91,492.95
Jan, 2025 15 $514.65 $633.59 $1,148.24 $90,859.35
Feb, 2025 16 $511.08 $637.16 $1,148.24 $90,222.20
Mar, 2025 17 $507.50 $640.74 $1,148.24 $89,581.45
Apr, 2025 18 $503.90 $644.35 $1,148.24 $88,937.11
May, 2025 19 $500.27 $647.97 $1,148.24 $88,289.14
Jun, 2025 20 $496.63 $651.61 $1,148.24 $87,637.52
Jul, 2025 21 $492.96 $655.28 $1,148.24 $86,982.24
Aug, 2025 22 $489.28 $658.97 $1,148.24 $86,323.28
Sep, 2025 23 $485.57 $662.67 $1,148.24 $85,660.61
Oct, 2025 24 $481.84 $666.40 $1,148.24 $84,994.21
Nov, 2025 25 $478.09 $670.15 $1,148.24 $84,324.06
Dec, 2025 26 $474.32 $673.92 $1,148.24 $83,650.14
Jan, 2026 27 $470.53 $677.71 $1,148.24 $82,972.43
Feb, 2026 28 $466.72 $681.52 $1,148.24 $82,290.91
Mar, 2026 29 $462.89 $685.35 $1,148.24 $81,605.55
Apr, 2026 30 $459.03 $689.21 $1,148.24 $80,916.34
May, 2026 31 $455.15 $693.09 $1,148.24 $80,223.26
Jun, 2026 32 $451.26 $696.99 $1,148.24 $79,526.27
Jul, 2026 33 $447.34 $700.91 $1,148.24 $78,825.37
Aug, 2026 34 $443.39 $704.85 $1,148.24 $78,120.52
Sep, 2026 35 $439.43 $708.81 $1,148.24 $77,411.70
Oct, 2026 36 $435.44 $712.80 $1,148.24 $76,698.90
Nov, 2026 37 $431.43 $716.81 $1,148.24 $75,982.09
Dec, 2026 38 $427.40 $720.84 $1,148.24 $75,261.25
Jan, 2027 39 $423.34 $724.90 $1,148.24 $74,536.35
Feb, 2027 40 $419.27 $728.97 $1,148.24 $73,807.38
Mar, 2027 41 $415.17 $733.07 $1,148.24 $73,074.31
Apr, 2027 42 $411.04 $737.20 $1,148.24 $72,337.11
May, 2027 43 $406.90 $741.34 $1,148.24 $71,595.76
Jun, 2027 44 $402.73 $745.51 $1,148.24 $70,850.25
Jul, 2027 45 $398.53 $749.71 $1,148.24 $70,100.54
Aug, 2027 46 $394.32 $753.93 $1,148.24 $69,346.61
Sep, 2027 47 $390.07 $758.17 $1,148.24 $68,588.45
Oct, 2027 48 $385.81 $762.43 $1,148.24 $67,826.02
Nov, 2027 49 $381.52 $766.72 $1,148.24 $67,059.30
Dec, 2027 50 $377.21 $771.03 $1,148.24 $66,288.26
Jan, 2028 51 $372.87 $775.37 $1,148.24 $65,512.89
Feb, 2028 52 $368.51 $779.73 $1,148.24 $64,733.16
Mar, 2028 53 $364.12 $784.12 $1,148.24 $63,949.05
Apr, 2028 54 $359.71 $788.53 $1,148.24 $63,160.52
May, 2028 55 $355.28 $792.96 $1,148.24 $62,367.55
Jun, 2028 56 $350.82 $797.42 $1,148.24 $61,570.13
Jul, 2028 57 $346.33 $801.91 $1,148.24 $60,768.22
Aug, 2028 58 $341.82 $806.42 $1,148.24 $59,961.80
Sep, 2028 59 $337.29 $810.96 $1,148.24 $59,150.85
Oct, 2028 60 $332.72 $815.52 $1,148.24 $58,335.33
Nov, 2028 61 $328.14 $820.10 $1,148.24 $57,515.22
Dec, 2028 62 $323.52 $824.72 $1,148.24 $56,690.51
Jan, 2029 63 $318.88 $829.36 $1,148.24 $55,861.15
Feb, 2029 64 $314.22 $834.02 $1,148.24 $55,027.13
Mar, 2029 65 $309.53 $838.71 $1,148.24 $54,188.41
Apr, 2029 66 $304.81 $843.43 $1,148.24 $53,344.98
May, 2029 67 $300.07 $848.18 $1,148.24 $52,496.81
Jun, 2029 68 $295.29 $852.95 $1,148.24 $51,643.86
Jul, 2029 69 $290.50 $857.74 $1,148.24 $50,786.11
Aug, 2029 70 $285.67 $862.57 $1,148.24 $49,923.55
Sep, 2029 71 $280.82 $867.42 $1,148.24 $49,056.12
Oct, 2029 72 $275.94 $872.30 $1,148.24 $48,183.82
Nov, 2029 73 $271.03 $877.21 $1,148.24 $47,306.62
Dec, 2029 74 $266.10 $882.14 $1,148.24 $46,424.48
Jan, 2030 75 $261.14 $887.10 $1,148.24 $45,537.37
Feb, 2030 76 $256.15 $892.09 $1,148.24 $44,645.28
Mar, 2030 77 $251.13 $897.11 $1,148.24 $43,748.17
Apr, 2030 78 $246.08 $902.16 $1,148.24 $42,846.01
May, 2030 79 $241.01 $907.23 $1,148.24 $41,938.78
Jun, 2030 80 $235.91 $912.34 $1,148.24 $41,026.44
Jul, 2030 81 $230.77 $917.47 $1,148.24 $40,108.97
Aug, 2030 82 $225.61 $922.63 $1,148.24 $39,186.35
Sep, 2030 83 $220.42 $927.82 $1,148.24 $38,258.53
Oct, 2030 84 $215.20 $933.04 $1,148.24 $37,325.49
Nov, 2030 85 $209.96 $938.29 $1,148.24 $36,387.21
Dec, 2030 86 $204.68 $943.56 $1,148.24 $35,443.64
Jan, 2031 87 $199.37 $948.87 $1,148.24 $34,494.77
Feb, 2031 88 $194.03 $954.21 $1,148.24 $33,540.56
Mar, 2031 89 $188.67 $959.58 $1,148.24 $32,580.99
Apr, 2031 90 $183.27 $964.97 $1,148.24 $31,616.02
May, 2031 91 $177.84 $970.40 $1,148.24 $30,645.61
Jun, 2031 92 $172.38 $975.86 $1,148.24 $29,669.75
Jul, 2031 93 $166.89 $981.35 $1,148.24 $28,688.41
Aug, 2031 94 $161.37 $986.87 $1,148.24 $27,701.54
Sep, 2031 95 $155.82 $992.42 $1,148.24 $26,709.12
Oct, 2031 96 $150.24 $998.00 $1,148.24 $25,711.11
Nov, 2031 97 $144.63 $1,003.62 $1,148.24 $24,707.50
Dec, 2031 98 $138.98 $1,009.26 $1,148.24 $23,698.24
Jan, 2032 99 $133.30 $1,014.94 $1,148.24 $22,683.30
Feb, 2032 100 $127.59 $1,020.65 $1,148.24 $21,662.65
Mar, 2032 101 $121.85 $1,026.39 $1,148.24 $20,636.26
Apr, 2032 102 $116.08 $1,032.16 $1,148.24 $19,604.10
May, 2032 103 $110.27 $1,037.97 $1,148.24 $18,566.13
Jun, 2032 104 $104.43 $1,043.81 $1,148.24 $17,522.33
Jul, 2032 105 $98.56 $1,049.68 $1,148.24 $16,472.65
Aug, 2032 106 $92.66 $1,055.58 $1,148.24 $15,417.06
Sep, 2032 107 $86.72 $1,061.52 $1,148.24 $14,355.54
Oct, 2032 108 $80.75 $1,067.49 $1,148.24 $13,288.05
Nov, 2032 109 $74.75 $1,073.50 $1,148.24 $12,214.56
Dec, 2032 110 $68.71 $1,079.53 $1,148.24 $11,135.02
Jan, 2033 111 $62.63 $1,085.61 $1,148.24 $10,049.42
Feb, 2033 112 $56.53 $1,091.71 $1,148.24 $8,957.70
Mar, 2033 113 $50.39 $1,097.85 $1,148.24 $7,859.85
Apr, 2033 114 $44.21 $1,104.03 $1,148.24 $6,755.82
May, 2033 115 $38.00 $1,110.24 $1,148.24 $5,645.58
Jun, 2033 116 $31.76 $1,116.48 $1,148.24 $4,529.10
Jul, 2033 117 $25.48 $1,122.76 $1,148.24 $3,406.33
Aug, 2033 118 $19.16 $1,129.08 $1,148.24 $2,277.25
Sep, 2033 119 $12.81 $1,135.43 $1,148.24 $1,141.82
Oct, 2033 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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