Construction Loan Calculator
Estimate Your Construction Loan Payments & Plan Your Dream Home Build
Calculate both construction phase interest-only payments and permanent loan payments with our comprehensive construction loan calculator. Get instant estimates for your home building project.
Loan Details
Loan Summary
Construction Phase Payment
Permanent Loan Payment
Payment Breakdown
How to Use Our Construction Loan Calculator
Enter Construction Costs
Input the total estimated cost of your construction project, including materials, labor, permits, and contingency funds.
Set Down Payment
Specify your down payment percentage. Construction loans typically require 20-30% down payment.
Configure Interest Rates
Enter both construction phase and permanent loan interest rates. Construction rates are typically higher.
Select Construction Timeline
Choose your expected construction period, typically 6-18 months depending on project complexity.
Choose Permanent Loan Terms
Select the term length for your permanent mortgage (15 or 30 years) and corresponding interest rate.
Review Results
Analyze your construction phase interest-only payments and permanent loan payments with detailed breakdowns.
Pro Tips for Using the Calculator
- Add 10-20% contingency to your construction cost estimate
- Factor in land costs if purchasing separately
- Consider additional costs like temporary utilities and permits
- Account for potential construction delays in your timeline