🏗️ Construction Loan Calculator
Calculate monthly payments and construction draw schedule
Loan Details
Enter amount between $1,000 – $10,000,000
Enter rate between 0.1% – 30%
Enter term between 1-50 years or 1-600 months
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Payment Breakdown
Enter loan details to see the construction draw schedule
About Construction Loans
How Construction Loans Work
Construction loans are short-term financing options designed to fund the building of new homes or major renovations. These loans typically convert to permanent mortgages once construction is complete.
During construction, you typically pay only interest on the amount drawn, with the full loan converting to a standard mortgage upon completion.
Key Features
✓ Variable interest rates during construction
✓ Funds released in stages as work progresses
✓ Conversion to permanent financing
✓ Typically require 20-30% down payment
Construction Loan Calculator – Estimate Your Payments Instantly
Welcome to Build Loan Calculator, your trusted online tool for calculating construction loan payments, draw schedules, and interest-only options. Whether you are planning to build your dream home or managing a new property project, our calculator helps you estimate costs with accuracy and confidence.
👉 Try our Construction Loan Calculator now to plan your budget before you build.
Why Use a Construction Loan Calculator?
Construction loans work differently from traditional mortgages. Instead of receiving the full loan upfront, funds are released in stages, known as a draw schedule. During construction, you typically make interest-only payments, which can be tricky to calculate manually.
With our calculator, you can:
• Estimate monthly interest payments during construction.
• Create a clear draw schedule for your project.
• See how your loan transitions into a permanent mortgage.
• Compare construction loans vs mortgages with real numbers.
Key Features of Our Calculator
• ✅ Interest-Only Payment Estimation – Know exactly how much you’ll pay monthly.
• ✅ Draw Schedule Planning – Track construction disbursements step by step.
• ✅ Amortization Breakdown – Understand your loan after construction ends.
• ✅ Flexible Inputs – Enter loan amount, interest rate, and construction timeline.
• ✅ Mobile Friendly – Access anywhere, anytime.
👉 Start calculating now and take the guesswork out of your construction loan.
Who Can Use This Calculator?
Our free construction loan calculator is perfect for:
• 🏠 Homeowners planning a new build.
• 🛠️ Builders & Contractors managing multiple projects.
• 📊 Real Estate Investors evaluating loan options.
• 💼 Financial Advisors helping clients with construction financing.
No matter your role, this tool saves time and helps you make informed decisions.
How to Use the Calculator (Step by Step)
1. Enter your total loan amount.
2. Select your interest rate.
3. Enter the loan term and construction period.
4. View your interest-only payments, draw schedule, and total loan costs.
It’s simple, fast, and 100% free.
Frequently Asked Questions (FAQs)
Q1: What is a construction loan?
A construction loan is a short-term loan used to finance the cost of building a new home or property.
Q2: How are payments calculated?
Most construction loans require interest-only payments during the building phase, followed by regular mortgage payments after construction ends.
Q3: What is a draw schedule?
A draw schedule is the payment timeline where funds are released to the builder as construction milestones are completed.
Q4: Can I use this calculator for home construction loans?
Yes! Our tool works for both residential and commercial projects.
Start Planning Your Project Today
Stop guessing your construction loan costs. Use our free Construction Loan Calculator to estimate payments, compare financing options, and plan your dream project with confidence.