Loan | Early Payoff | Extra Payments | Biweekly Payment | Balloon Payment | Interest Only | Mortgage Recast | Construction |
Use the Construction Loan Calculator to calculate the cost of a construction loan and the monthly payments that are required. You can use the construction loan calculator to estimate the costs of building a home.
Home Construction Loan Calculator |
|
Loan Amount: |
$255,000.00 |
Monthly Payment: |
$8,067.46 |
Total # Of Payments: |
36 |
Start Date: |
Nov, 2024 |
Payoff Date: |
Oct, 2027 |
Total Interest Paid: |
$35,428.47 |
Total Payment: |
$290,428.47 |
Construction Loan Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Nov, 2024 | 1 | $1,838.13 | $6,229.33 | $8,067.46 | $248,770.67 | |
Dec, 2024 | 2 | $1,793.22 | $6,274.24 | $8,067.46 | $242,496.43 | |
Jan, 2025 | 3 | $1,748.00 | $6,319.46 | $8,067.46 | $236,176.97 | |
Feb, 2025 | 4 | $1,702.44 | $6,365.02 | $8,067.46 | $229,811.95 | |
Mar, 2025 | 5 | $1,656.56 | $6,410.90 | $8,067.46 | $223,401.06 | |
Apr, 2025 | 6 | $1,610.35 | $6,457.11 | $8,067.46 | $216,943.95 | |
May, 2025 | 7 | $1,563.80 | $6,503.65 | $8,067.46 | $210,440.30 | |
Jun, 2025 | 8 | $1,516.92 | $6,550.53 | $8,067.46 | $203,889.76 | |
Jul, 2025 | 9 | $1,469.71 | $6,597.75 | $8,067.46 | $197,292.01 | |
Aug, 2025 | 10 | $1,422.15 | $6,645.31 | $8,067.46 | $190,646.70 | |
Sep, 2025 | 11 | $1,374.24 | $6,693.21 | $8,067.46 | $183,953.49 | |
Oct, 2025 | 12 | $1,326.00 | $6,741.46 | $8,067.46 | $177,212.03 | |
Nov, 2025 | 13 | $1,277.40 | $6,790.05 | $8,067.46 | $170,421.97 | |
Dec, 2025 | 14 | $1,228.46 | $6,839.00 | $8,067.46 | $163,582.97 | |
Jan, 2026 | 15 | $1,179.16 | $6,888.30 | $8,067.46 | $156,694.68 | |
Feb, 2026 | 16 | $1,129.51 | $6,937.95 | $8,067.46 | $149,756.73 | |
Mar, 2026 | 17 | $1,079.50 | $6,987.96 | $8,067.46 | $142,768.76 | |
Apr, 2026 | 18 | $1,029.12 | $7,038.33 | $8,067.46 | $135,730.43 | |
May, 2026 | 19 | $978.39 | $7,089.07 | $8,067.46 | $128,641.36 | |
Jun, 2026 | 20 | $927.29 | $7,140.17 | $8,067.46 | $121,501.20 | |
Jul, 2026 | 21 | $875.82 | $7,191.64 | $8,067.46 | $114,309.56 | |
Aug, 2026 | 22 | $823.98 | $7,243.48 | $8,067.46 | $107,066.08 | |
Sep, 2026 | 23 | $771.77 | $7,295.69 | $8,067.46 | $99,770.39 | |
Oct, 2026 | 24 | $719.18 | $7,348.28 | $8,067.46 | $92,422.12 | |
Nov, 2026 | 25 | $666.21 | $7,401.25 | $8,067.46 | $85,020.87 | |
Dec, 2026 | 26 | $612.86 | $7,454.60 | $8,067.46 | $77,566.27 | |
Jan, 2027 | 27 | $559.12 | $7,508.33 | $8,067.46 | $70,057.93 | |
Feb, 2027 | 28 | $505.00 | $7,562.46 | $8,067.46 | $62,495.48 | |
Mar, 2027 | 29 | $450.49 | $7,616.97 | $8,067.46 | $54,878.51 | |
Apr, 2027 | 30 | $395.58 | $7,671.88 | $8,067.46 | $47,206.63 | |
May, 2027 | 31 | $340.28 | $7,727.18 | $8,067.46 | $39,479.46 | |
Jun, 2027 | 32 | $284.58 | $7,782.88 | $8,067.46 | $31,696.58 | |
Jul, 2027 | 33 | $228.48 | $7,838.98 | $8,067.46 | $23,857.60 | |
Aug, 2027 | 34 | $171.97 | $7,895.48 | $8,067.46 | $15,962.12 | |
Sep, 2027 | 35 | $115.06 | $7,952.40 | $8,067.46 | $8,009.72 | |
Oct, 2027 | 36 | $57.74 | $8,009.72 | $8,067.46 | $0.00 |
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