Is this calculator free to use?

Yes, all our construction calculators are completely free to use. No registration or payment required.

How accurate are the calculations?

Our calculators use industry-standard formulas and current market data to provide accurate estimates. However, actual costs may vary based on location, suppliers, and specific project requirements.

Can I save or print my results?

Yes, you can export your calculation results as a PDF report for saving, printing, or sharing with contractors and suppliers.

How are construction loan payments calculated?

Construction loans typically require interest-only payments during the building phase. The calculator computes these based on the outstanding loan balance as funds are drawn.

What is a draw schedule?

A draw schedule outlines when loan funds are released during construction phases. The calculator helps estimate interest costs based on your specific draw timeline.

Construction Loan Payment Calculator

Calculate interest-only payments and total costs for your construction loan. Enter your loan details below to see monthly interest payments and total project costs.

Calculator Inputs

Total Loan Amount ($)

Annual Interest Rate (%)

Construction Duration (months)

Compounding Basis

Daily option assumes 30 days per month for estimation

Draw Schedule Mode

Equal Monthly Custom

Custom Draw Schedule

Add draws for specific months. Draws must be added in chronological order.

Month *

Amount ($) *

Draw Schedule

Month	Amount ($)	Action

Sum of custom draws: $0

Calculation Results

Enter your loan details and click "Calculate Payments" to see results.

Disclaimer: Estimates only. Assumes interest-only payments during construction. Draws applied at beginning of each month. Daily compounding uses 30-day month approximation. Consult your lender for exact terms.

Calculator Inputs

Custom Draw Schedule

Draw Schedule

Calculation Results

Article Summary