Construction Loans Calculator

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Construction Loan Amount
$153,250
Payment Information
Initial Interest-Only Payment is $5.42
Final Interest-Only Payment is $255.42

In a construction loan, interest-only payments are typically paid by the home builder until the project is completed. This means that the builder will pay only the interest charges on the loan each month

Draw Milestone Percent Complete Time Mortgage Drawn Amount of Loan Drawn
#1 Purchasing Land 0% 0 Months

Please note that the details provided in this calculator are approximate and subject to change depending on the banking institution providing the construction loan. If you have any questions or concerns, please do not hesitate to contact us. Thank you for your understanding.