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.
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 — confirm with the lender. Rate band last reviewed 2026-06-01.
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.