Construction Loan Calculator
Calculate construction loan interest and permanent mortgage payments. See draw schedule.
Total Project Cost
$450,000.00
Construction Interest
$17,850.00
Permanent Monthly Payment
$2,334.95
Construction Phase
| Loan Amount | $360,000.00 |
| Down Payment (20.0%) | $90,000.00 |
| Average Monthly Interest | $1,487.50 |
| Max Monthly Interest (full draw) | $2,550.00 |
| Total Construction Interest | $17,850.00 |
Draw Schedule
| Draw 1 (Month 1) — $60,000.00 drawn | $425.00/mo interest |
| Draw 2 (Month 3) — $120,000.00 drawn | $850.00/mo interest |
| Draw 3 (Month 5) — $180,000.00 drawn | $1,275.00/mo interest |
| Draw 4 (Month 7) — $240,000.00 drawn | $1,700.00/mo interest |
| Draw 5 (Month 9) — $300,000.00 drawn | $2,125.00/mo interest |
| Draw 6 (Month 11) — $360,000.00 drawn | $2,550.00/mo interest |
Permanent Loan & Total Cost
| Permanent Monthly Payment | $2,334.95 |
| Total Permanent Interest | $480,583.13 |
| Total All-In Cost | $948,433.13 |
| Extra Cost vs Buying Existing | $17,850.00 |
Use the Construction Loan Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
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