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Construction Loan Calculator

Estimate interest-only payments during construction, draw schedules, and permanent financing.

🔨 Construction Phase
$
$
$
%
🏠 Permanent Financing
%
During Construction (Interest-Only)
$0
Average monthly payment
After Construction (P&I)
$0
per month
Total Project
$0
Loan Amount
$0
Construction Interest
$0
Down %
0%
Total Interest (All Phases)
$0

📋 Draw Schedule

Construction Loans

Short-term loans disbursed in draws as building progresses. Interest-only during construction, then converts to a permanent mortgage.

What Lenders Need

  • 20-25% down payment
  • 680+ credit score
  • Detailed plans, specs, and budget
  • Licensed, insured general contractor
  • Plans & specs appraisal on completed value

Tips

  • Build in 10-15% contingency for overruns
  • Lock your permanent rate early
  • Keep detailed records of all change orders