Mortgage Calculator

This calculator is provided to you as a means to estimate your payments, and is not a guarantee of final payment amounts.

Enter only numeric values (no commas), using decimal points where needed.
Non-numeric values will cause errors.

FYI most lenders are requiring a down payment of 20%, here is a typical loan scenario for land financing right now.

Purchase Price
20% initial Investment
80% Bank Financing

$50,000
$10,000
$40,000

*****Monthly payment $268.58*******
*****Monthly payment based on financing $40,000 at 6.0% amortized over 20 years.***