Land Loan Calculator
This calculator helps farmers, ranchers, and rural property buyers estimate their land loan payments. Enter your loan details below to calculate payments and see the amortization schedule.
Loan Information
How to Use This Calculator
This Land Loan Calculator helps you estimate payments and understand the total cost of financing rural property, agricultural land, or farm loans.
Input Fields:
- Loan Amount: The total amount you plan to borrow in dollars.
- Interest Rate: The annual interest rate on the loan (as a percentage).
- Loan Term: The number of years you'll take to repay the loan.
- Payment Frequency: How often you'll make payments (monthly, quarterly, etc.).
- Payment Type: Choose between:
- Regular Amortization (P&I): Equal payments throughout the loan term.
- Fixed Principal (P+I): Equal principal payments plus interest, resulting in decreasing payment amounts over time.
Results Explained:
- Payment Amount: How much you'll pay monthly.
- Total Interest: The total interest paid over the life of the loan.
- Total Cost: The combined total of principal and interest payments.
- Amortization Schedule: A detailed breakdown of each payment, showing how much goes to principal and interest, and the remaining balance.
Use the Print Results button to save or print your loan calculation for reference when speaking with lenders about financing options.