mortgage calculator

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 Show By Year

Mortgage Calculator Results

Mortgage Amount:
$100,000.00
Monthly Payment:
$1,110.21
Total # Of Payments:
120
Start Date:
Oct, 2022
Payoff Date:
Sep, 2032
Total Interest Paid:
$33,224.60
Total Payment:
$133,224.60

Land Contract Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Oct, 2022 1 $500.00 $610.21 $1,110.21 $99,389.79
Nov, 2022 2 $496.95 $613.26 $1,110.21 $98,776.54
Dec, 2022 3 $493.88 $616.32 $1,110.21 $98,160.22
Jan, 2023 4 $490.80 $619.40 $1,110.21 $97,540.81
Feb, 2023 5 $487.70 $622.50 $1,110.21 $96,918.31
Mar, 2023 6 $484.59 $625.61 $1,110.21 $96,292.70
Apr, 2023 7 $481.46 $628.74 $1,110.21 $95,663.96
May, 2023 8 $478.32 $631.89 $1,110.21 $95,032.07
Jun, 2023 9 $475.16 $635.04 $1,110.21 $94,397.03
Jul, 2023 10 $471.99 $638.22 $1,110.21 $93,758.81
Aug, 2023 11 $468.79 $641.41 $1,110.21 $93,117.40
Sep, 2023 12 $465.59 $644.62 $1,110.21 $92,472.78
Oct, 2023 13 $462.36 $647.84 $1,110.21 $91,824.94
Nov, 2023 14 $459.12 $651.08 $1,110.21 $91,173.86
Dec, 2023 15 $455.87 $654.34 $1,110.21 $90,519.52
Jan, 2024 16 $452.60 $657.61 $1,110.21 $89,861.91
Feb, 2024 17 $449.31 $660.90 $1,110.21 $89,201.02
Mar, 2024 18 $446.01 $664.20 $1,110.21 $88,536.82
Apr, 2024 19 $442.68 $667.52 $1,110.21 $87,869.30
May, 2024 20 $439.35 $670.86 $1,110.21 $87,198.44
Jun, 2024 21 $435.99 $674.21 $1,110.21 $86,524.23
Jul, 2024 22 $432.62 $677.58 $1,110.21 $85,846.64
Aug, 2024 23 $429.23 $680.97 $1,110.21 $85,165.67
Sep, 2024 24 $425.83 $684.38 $1,110.21 $84,481.29
Oct, 2024 25 $422.41 $687.80 $1,110.21 $83,793.49
Nov, 2024 26 $418.97 $691.24 $1,110.21 $83,102.26
Dec, 2024 27 $415.51 $694.69 $1,110.21 $82,407.56
Jan, 2025 28 $412.04 $698.17 $1,110.21 $81,709.40
Feb, 2025 29 $408.55 $701.66 $1,110.21 $81,007.74
Mar, 2025 30 $405.04 $705.17 $1,110.21 $80,302.57
Apr, 2025 31 $401.51 $708.69 $1,110.21 $79,593.88
May, 2025 32 $397.97 $712.24 $1,110.21 $78,881.64
Jun, 2025 33 $394.41 $715.80 $1,110.21 $78,165.85
Jul, 2025 34 $390.83 $719.38 $1,110.21 $77,446.47
Aug, 2025 35 $387.23 $722.97 $1,110.21 $76,723.50
Sep, 2025 36 $383.62 $726.59 $1,110.21 $75,996.91
Oct, 2025 37 $379.98 $730.22 $1,110.21 $75,266.69
Nov, 2025 38 $376.33 $733.87 $1,110.21 $74,532.82
Dec, 2025 39 $372.66 $737.54 $1,110.21 $73,795.28
Jan, 2026 40 $368.98 $741.23 $1,110.21 $73,054.05
Feb, 2026 41 $365.27 $744.93 $1,110.21 $72,309.11
Mar, 2026 42 $361.55 $748.66 $1,110.21 $71,560.46
Apr, 2026 43 $357.80 $752.40 $1,110.21 $70,808.05
May, 2026 44 $354.04 $756.16 $1,110.21 $70,051.89
Jun, 2026 45 $350.26 $759.95 $1,110.21 $69,291.94
Jul, 2026 46 $346.46 $763.75 $1,110.21 $68,528.20
Aug, 2026 47 $342.64 $767.56 $1,110.21 $67,760.63
Sep, 2026 48 $338.80 $771.40 $1,110.21 $66,989.23
Oct, 2026 49 $334.95 $775.26 $1,110.21 $66,213.97
Nov, 2026 50 $331.07 $779.14 $1,110.21 $65,434.84
Dec, 2026 51 $327.17 $783.03 $1,110.21 $64,651.81
Jan, 2027 52 $323.26 $786.95 $1,110.21 $63,864.86
Feb, 2027 53 $319.32 $790.88 $1,110.21 $63,073.98
Mar, 2027 54 $315.37 $794.84 $1,110.21 $62,279.14
Apr, 2027 55 $311.40 $798.81 $1,110.21 $61,480.34
May, 2027 56 $307.40 $802.80 $1,110.21 $60,677.53
Jun, 2027 57 $303.39 $806.82 $1,110.21 $59,870.71
Jul, 2027 58 $299.35 $810.85 $1,110.21 $59,059.86
Aug, 2027 59 $295.30 $814.91 $1,110.21 $58,244.96
Sep, 2027 60 $291.22 $818.98 $1,110.21 $57,425.98
Oct, 2027 61 $287.13 $823.08 $1,110.21 $56,602.90
Nov, 2027 62 $283.01 $827.19 $1,110.21 $55,775.71
Dec, 2027 63 $278.88 $831.33 $1,110.21 $54,944.39
Jan, 2028 64 $274.72 $835.48 $1,110.21 $54,108.90
Feb, 2028 65 $270.54 $839.66 $1,110.21 $53,269.24
Mar, 2028 66 $266.35 $843.86 $1,110.21 $52,425.38
Apr, 2028 67 $262.13 $848.08 $1,110.21 $51,577.30
May, 2028 68 $257.89 $852.32 $1,110.21 $50,724.99
Jun, 2028 69 $253.62 $856.58 $1,110.21 $49,868.41
Jul, 2028 70 $249.34 $860.86 $1,110.21 $49,007.54
Aug, 2028 71 $245.04 $865.17 $1,110.21 $48,142.38
Sep, 2028 72 $240.71 $869.49 $1,110.21 $47,272.88
Oct, 2028 73 $236.36 $873.84 $1,110.21 $46,399.04
Nov, 2028 74 $232.00 $878.21 $1,110.21 $45,520.83
Dec, 2028 75 $227.60 $882.60 $1,110.21 $44,638.23
Jan, 2029 76 $223.19 $887.01 $1,110.21 $43,751.22
Feb, 2029 77 $218.76 $891.45 $1,110.21 $42,859.77
Mar, 2029 78 $214.30 $895.91 $1,110.21 $41,963.86
Apr, 2029 79 $209.82 $900.39 $1,110.21 $41,063.48
May, 2029 80 $205.32 $904.89 $1,110.21 $40,158.59
Jun, 2029 81 $200.79 $909.41 $1,110.21 $39,249.18
Jul, 2029 82 $196.25 $913.96 $1,110.21 $38,335.22
Aug, 2029 83 $191.68 $918.53 $1,110.21 $37,416.69
Sep, 2029 84 $187.08 $923.12 $1,110.21 $36,493.57
Oct, 2029 85 $182.47 $927.74 $1,110.21 $35,565.83
Nov, 2029 86 $177.83 $932.38 $1,110.21 $34,633.45
Dec, 2029 87 $173.17 $937.04 $1,110.21 $33,696.42
Jan, 2030 88 $168.48 $941.72 $1,110.21 $32,754.69
Feb, 2030 89 $163.77 $946.43 $1,110.21 $31,808.26
Mar, 2030 90 $159.04 $951.16 $1,110.21 $30,857.10
Apr, 2030 91 $154.29 $955.92 $1,110.21 $29,901.18
May, 2030 92 $149.51 $960.70 $1,110.21 $28,940.48
Jun, 2030 93 $144.70 $965.50 $1,110.21 $27,974.98
Jul, 2030 94 $139.87 $970.33 $1,110.21 $27,004.65
Aug, 2030 95 $135.02 $975.18 $1,110.21 $26,029.47
Sep, 2030 96 $130.15 $980.06 $1,110.21 $25,049.41
Oct, 2030 97 $125.25 $984.96 $1,110.21 $24,064.45
Nov, 2030 98 $120.32 $989.88 $1,110.21 $23,074.57
Dec, 2030 99 $115.37 $994.83 $1,110.21 $22,079.73
Jan, 2031 100 $110.40 $999.81 $1,110.21 $21,079.93
Feb, 2031 101 $105.40 $1,004.81 $1,110.21 $20,075.12
Mar, 2031 102 $100.38 $1,009.83 $1,110.21 $19,065.29
Apr, 2031 103 $95.33 $1,014.88 $1,110.21 $18,050.41
May, 2031 104 $90.25 $1,019.95 $1,110.21 $17,030.46
Jun, 2031 105 $85.15 $1,025.05 $1,110.21 $16,005.41
Jul, 2031 106 $80.03 $1,030.18 $1,110.21 $14,975.23
Aug, 2031 107 $74.88 $1,035.33 $1,110.21 $13,939.90
Sep, 2031 108 $69.70 $1,040.51 $1,110.21 $12,899.40
Oct, 2031 109 $64.50 $1,045.71 $1,110.21 $11,853.69
Nov, 2031 110 $59.27 $1,050.94 $1,110.21 $10,802.75
Dec, 2031 111 $54.01 $1,056.19 $1,110.21 $9,746.56
Jan, 2032 112 $48.73 $1,061.47 $1,110.21 $8,685.09
Feb, 2032 113 $43.43 $1,066.78 $1,110.21 $7,618.31
Mar, 2032 114 $38.09 $1,072.11 $1,110.21 $6,546.20
Apr, 2032 115 $32.73 $1,077.47 $1,110.21 $5,468.72
May, 2032 116 $27.34 $1,082.86 $1,110.21 $4,385.86
Jun, 2032 117 $21.93 $1,088.28 $1,110.21 $3,297.58
Jul, 2032 118 $16.49 $1,093.72 $1,110.21 $2,203.87
Aug, 2032 119 $11.02 $1,099.19 $1,110.21 $1,104.68
Sep, 2032 120 $5.52 $1,104.68 $1,110.21 $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.




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