mortgage calculator

Land Loan Calculator

Vacant Land Loan Calculator amortization schedule to calculate monthly mortgage payments for your land. The land mortgage calculator will return the payoff date, total payment, and total interest payment for your mortgage. This will be the only land payment 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

Land Mortgage 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 by 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 farm land loan calculator uses fixed interest loans. This means that 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 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 a 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 make money financing 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 loan on land than a mortgage on a house.


Land Mortgage Options

Since there are fewer options available for financing a 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.




Refinance Calculators

Mortgage Refinance Calculator
Cash Out Refinance Calculator
Refinance Break Even Calculator
Mortgage Recast Calculator

Mortgage Calculators

FHA Loan Calculator
VA Loan Calculator
USDA Loan Mortgage Calculator
Simple Mortgage Calculator
PITI Mortgage Calculator
Interest Only Mortgage Calculator
Balloon Mortgage Calculator

Early Mortgage Payoff Calculators

Early Mortgage Payoff Calculator
Biweekly Mortgage Calculator with Extra Payments
Mortgage Calculator With Extra Payments
Mortgage Prepayment Calculator
Mortgage Payoff Calculator

Real Estate Investment Calculators

Commercial Mortgage Calculator
Mortgage Comparison Calculator
Investment Property Calculator
Home Improvement Loan Calculator
Home Sale Net Proceeds Calculator
Closing Costs Calculator
Construction Loan Calculator
Home Appreciation Calculator
Real Estate Commission Calculator
Commercial Real Estate Commission Calculator
BRRRR Calculator
Hard Money Loan Calculator
70% Rule Calculator
Interest Rate Calculator

Mortgage Related Calculators

Mortgage Interest Tax Deduction Calculator
APR Calculator
Property Tax Calculator
Down Payment Calculator
Mortgage Affordability Calculator
Mortgage Balance Calculator
Mortgage Points Calculator
Mortgage Calculator App
Monthly Mortgage Payment Calculator
Reverse Mortgage Calculator
How Much House Can I Afford
HELOC Calculator
HELOC Payoff Calculator
HELOC Payment Calculator
PMI Removal Calculator
Mortgage Insurance Calculator
Amortization Schedule With Irregular Payments
15 Year Mortgage Calculator
30 Year Mortgage Calculator
Condo Mortgage Calculator
Second Mortgage Calculator
Mortgage Calculator Canada
Mortgage Calculator UK
Mortgage Calculator By State

Auto Loan Calculators

Car Loan Amortization Schedule Excel
Auto Loan Payoff Calculator
Auto Loan Calculator with Trade in
Auto Refinance Calculator
RV Loan Calculator
Motorcycle Loan Calculator
Car Lease Calculator
Car Depreciation Calculator
LTV Calculator Auto
Reverse Auto Loan Calculator
How Much Car Can I Afford

Loan Calculators

Printable Amortization Schedule
Amortization Schedule Excel
Amortization Schedule With Extra Payments
LTV Calculator
Debt To Income Ratio Calculator
Debt Payoff Calculator
How Much Rent Can I Afford
Boat Loan Calculator
Student Loan Calculator
Student Loan Payoff Calculator
Student Loan Refinancing Calculator
Personal Loan Calculator
Personal Loan Payoff Calculator
Personal Loan Refinance Calculator
Land Loan Calculator
Loan Payoff Calculator
Loan Calculator Excel
Reverse Loan Calculator
Lump Sum Payment Calculator

Savings & Investments Calculators

Compound Interest Calculator
Airbnb Calculator

Credit Card Calculators

Credit Card Calculator
Credit Card Payoff Calculator
Credit Card Minimum Payment Calculator
Credit Card Interest Calculator
Multiple Credit Card Payoff Calculator

Mortgage Guide

How to Pay Off Mortgage Earlier
How to Improve Credit Score
What Percent Do Real Estate Agents Make

Mortgage Calculator Widget

Free Mortgage Calculator Widget

Mortgage Calculator | Terms | Privacy | Disclaimer | Contact

©2022 Mortgage Calculator Excel