Land Loan Calculator
Estimate payments on a raw, unimproved or lot land loan. Land loans usually require a larger down payment and carry higher rates than a home mortgage because there is no structure as collateral.
For reference, the U.S. Prime Rate is 7.00% per annum in the Federal Reserve H.15 release as of 2026-10-13, which describes Prime as one of several base rates used by banks to price short-term business loans. Enter the actual rate your lender offered. Prime is context only, not your rate, and is never used in the calculation.
Have a monthly budget rather than a price in mind? The reverse calculator starts from the cash that reliably comes in each month and works back to a land budget and acreage, with a stress test. Work backward from your cash flow instead →
land loan questions
How much down payment for a land loan?
Typically 20 to 50 percent. Raw, unimproved land sits at the higher end; a finished lot with utilities at the lower end.
Why are land loan rates higher?
Vacant land is harder to sell if the borrower defaults, so lenders price in more risk than a home mortgage.
How this estimate is built
The model
Figures assume a fixed rate and equal monthly payments; sales tax and trade-in are optional and adjust the financed amount. Some land loans use balloon, seasonal or simple-interest structures this tool doesn’t model. The interest rate is the one you enter from your lender, not a figure we set. Confirm any offer with the lender.
Not a lender
Asset Loan Calculator is independent and is not a lender, broker, or affiliate of any lender. Nothing here is a loan offer or financial advice. For real quotes, compare lenders and local credit unions directly.