Construction Loan Calculator

Calculate construction loan for real estate investments and properties

How it works

Enter loan amount, interest rate, construction period, and draw schedule. The calculator shows interest-only payments during construction and conversion to permanent financing.

Example

A $1.2M construction loan at 7% over 12 months with monthly draws averages $42,000 in interest charges during construction.

FAQs

Lender inspects work progress and releases funds in stages (draws) as construction milestones are completed, protecting both parties.

A single loan that converts from construction financing (interest-only) to permanent mortgage after completion, saving closing costs from two separate loans.

Typically 80-85% loan-to-cost. You'll need 15-20% equity, either as cash down payment or existing land value.