Construction Loan Calculator
Calculate costs for financing new construction including draw period interest and permanent loan payments.
Project Costs
$
$
%
Construction Phase
%
months
Permanent Loan
%
years
Total Project Cost
$400,000
Loan Amount: $320,000
Construction Interest
$13,000
Monthly Mortgage
$2,023
Financing Summary
Down Payment$80,000
Loan-to-Value80.0%
Construction Interest$13,000
Permanent Loan Interest$408,142
Total Interest$421,142
Draw Schedule
| Month | Draw | Total Drawn | Interest |
|---|---|---|---|
| 1 | $26,667 | $26,667 | $167 |
| 2 | $26,667 | $53,333 | $333 |
| 3 | $26,667 | $80,000 | $500 |
| 4 | $26,667 | $106,667 | $667 |
| 5 | $26,667 | $133,333 | $833 |
| 6 | $26,667 | $160,000 | $1,000 |
| 7 | $26,667 | $186,667 | $1,167 |
| 8 | $26,667 | $213,333 | $1,333 |
| 9 | $26,667 | $240,000 | $1,500 |
| 10 | $26,667 | $266,667 | $1,667 |
| 11 | $26,667 | $293,333 | $1,833 |
| 12 | $26,667 | $320,000 | $2,000 |