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: $100,000
20% initial Investment: $20,000
80% Bank Financing: $80,000
Monthly payment: $527.96
* Monthly payment based on financing $80,000 at 5.0% amortized over 30 years.