Construction Loan Calculator
Estimate the interest carried during construction, average monthly payments, and the permanent loan amount once the build is complete.
Project details
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Total project cost
$400,000
Loan amount
$320,000
Avg. outstanding balance
$160,000
Avg. monthly interest (during build)
$1,200.00
Total draw interest
$10,800
Estimated permanent loan
$320,000
Estimates assume the construction budget is drawn linearly over the build period, so the average outstanding balance is roughly land + half of the construction cost. Actual draw interest depends on the real draw schedule and any lender fees or inspection costs.