Construction Loan Calculator
Estimate your construction loan costs, monthly payments, and conversion options. Use this calculator to plan your building project and understand the full financial impact.
Building Your Dream Home
Construction loans are different from standard mortgages. They typically have higher interest rates, shorter terms, and involve a series of "draws" as your project progresses. Use this calculator to understand both the construction phase and permanent financing options.
Construction-Only Loan Information
A construction-only loan covers just the building phase. When construction is complete, you'll need to obtain separate permanent financing or pay off the loan in full.
Project Costs
Enter your land and construction costs
Construction Loan Terms
Interest rate and term for construction phase
Construction Loan Summary
Your construction loan details
Construction Draw Schedule
Estimated draw schedule during construction
| Draw | Month | Description | Amount |
|---|---|---|---|
| 1 | 2 | Foundation and Site Preparation | $20,000.00 |
| 2 | 4 | Framing and Rough Carpentry | $50,000.00 |
| 3 | 6 | Plumbing, Electrical, HVAC | $50,000.00 |
| 4 | 8 | Drywall, Flooring, Cabinets | $60,000.00 |
| 5 | 10 | Final Finishing and Inspection | $20,000.00 |
Ready to Start Building Your Dream Home?
Our lending partners specialize in construction loans with competitive rates and flexible terms.