Construction Loan Calculator
Calculate costs for financing new construction including draw period interest and permanent loan payments.
Important Financial Disclaimer
This calculator provides estimates based on standard financial formulas from verified references. Results are for informational and educational purposes only and should not be considered as professional financial, investment, or tax advice.
For important financial decisions such as loans, investments, mortgages, retirement planning, or tax matters, please consult with qualified financial advisors, certified financial planners, or licensed tax professionals who can review your specific situation.
Calculations may not account for all variables specific to your circumstances, local regulations, or current market conditions. Always verify results and consult professionals before making financial commitments.
Not a substitute for professional financial advice
Project Costs
Construction Phase
Permanent Loan
Total Project Cost
$400,000
Loan Amount: $320,000
Financing Summary
Draw Schedule
| Month | Draw | Total Drawn | Interest |
|---|---|---|---|
| 1 | $26,667 | $26,667 | $167 |
| 2 | $26,667 | $53,333 | $333 |
| 3 | $26,667 | $80,000 | $500 |
| 4 | $26,667 | $106,667 | $667 |
| 5 | $26,667 | $133,333 | $833 |
| 6 | $26,667 | $160,000 | $1,000 |
| 7 | $26,667 | $186,667 | $1,167 |
| 8 | $26,667 | $213,333 | $1,333 |
| 9 | $26,667 | $240,000 | $1,500 |
| 10 | $26,667 | $266,667 | $1,667 |
| 11 | $26,667 | $293,333 | $1,833 |
| 12 | $26,667 | $320,000 | $2,000 |
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