Land Loan Calculator
Estimate your monthly payment, total interest and total cost for a land loan.
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About the Land Loan Calculator
This land loan calculator estimates payments on a loan for raw, unimproved or improved land. Land loans often require larger down payments, commonly 20% to 50%, and carry higher rates and shorter terms than home mortgages. Enter the price, down payment, rate and term to see the payment, interest and total cost.
How to use it
- Enter the land price, down payment, APR and loan term.
- Add sales tax, fees and an optional extra monthly payment.
- Press Calculate land loan to see the payment, interest and total cost.
Types of land and financing
| Land type | Typical down payment |
|---|---|
| Improved lot with utilities | 20% to 30% |
| Unimproved land | 30% to 40% |
| Raw land | 40% to 50% |
Before you buy land
- Check zoning, utilities, road access and flood risk.
- Order a survey and a title search.
- Ask about perc tests if you need a septic system.
- Budget for property tax and maintenance.
Frequently asked questions
How much down payment do I need for land?
Usually 20% to 50% depending on the lender and whether the land is raw or improved.
What is a typical land loan term?
Five to twenty years, often with higher rates than a mortgage.
Are land loan rates higher than mortgage rates?
Often yes, because lenders see raw land as higher risk.
Can I build a house on financed land?
Yes, with a construction loan or by refinancing after purchase. Confirm zoning, utilities and permits first.
What costs come with buying land?
Survey, title, access, utilities, property tax and possible clearing or perc tests can add up.
Last reviewed: November 2026. Estimates only, not financial, tax or legal advice.