Project information: |
Loan information: |
Estimated Construction Loan Payments |
Please let us know if you already own the property.
If you own the property and this is a refinance, please enter the amount you owe on your home.
If you don't own the property (or land) please enter the price you will pay to purchase it.
Please enter the cost of the construction project you are planning.
Enter the expected appraised value of the home when your construction is complete.
This is the calculated required down payment to receive the loan.
This is the calculated loan amount for your project.
enter the expected interest rate for your loan.
Number of months you expect your construction project to take to complete.
The initial interest only payment is calculated as an interest only payment of the maximum loan minus the cost of construction.
The final interest only payment during construction is calculated as an interest only payment for the maximum loan amount.
The principal and interest payment for the remainder of the 30 year term of the loan.