Construction Loan Calculator – Calculate Interest Costs
Calculate construction loan interest and draw schedules
Calculate Construction Loan
Table of Contents
How to Use
- Enter your total loan amount
- Specify the construction period in months
- Enter the interest rate
- Select your draw schedule
- Calculate your interest costs
What is a Construction Loan?
A construction loan is short-term financing used to cover the costs of building a home or property. Unlike traditional mortgages, funds are disbursed incrementally as construction progresses.
Frequently Asked Questions
- How does a construction loan differ from a mortgage?
- Construction loans are short-term, interest-only loans where funds are released in stages. Traditional mortgages provide all funds upfront for an existing property.