Two calculators on one page. The first is a land payment estimator for any lender: enter the price, your down payment, the rate, and the term, and see the monthly payment. The second shows every dollar a loan from us costs, because the rate is not the cost. Points, exit fees, minimum interest, and servicing all add up.
Land payment estimator
Works for any lender. Bank and seller financed land loans usually amortize. Private land loans like ours are usually interest only, with the principal due when you sell. See what this loan costs with us →
What our land loan costs
Interest only, 14% for loans of $100K and up, 16% under $100K. No points at closing. Title and recording costs are extra and set by the title company. This is an estimate, not a loan offer.
How do I use the land loan calculator?
Enter the loan amount and the months you plan to hold the land.
The loan amount is what you borrow, not the purchase price. On a standard deal we lend up to 65% of value with 20% down. The hold period is how long until you sell or refinance. The calculator applies our rate, the 5 month minimum, fees, and servicing, then shows the total cost of the loan.
How do I use it as a land loan calculator with down payment?
Enter the purchase price and your down payment in the land payment estimator. It works out the loan amount for you.
Say you buy a $125,000 parcel and put $40,000 down. That is an $85,000 loan. Under $100,000 the rate is 16%, so the monthly interest is $1,133.33. Put more down and the payment drops. On a purchase we need at least 20% down, and the loan is capped by the value of the land, so many borrowers put down more.
How do I estimate a land payment?
Subtract the down payment from the price to get the loan, then apply the rate and term. The estimator above does the math.
On an amortized loan, each payment covers interest and some principal, so the loan is paid off by the end of the term. On an interest only loan, you pay just the interest each month and the full principal at the end. A lot loan calculator works the same way: a lot is land, and the payment math does not change with the size of the parcel.
What does a land loan cost at different sizes?
A 6 month hold costs about 9% to 12% of the loan amount on our program.
| Loan | Rate | Interest, 6 months | Exit fee | Total with $600 closing and $150 servicing |
|---|---|---|---|---|
| $50,000 | 16% | $4,000 | $1,000 | $5,750 |
| $100,000 | 14% | $7,000 | $2,000 | $9,750 |
| $250,000 | 14% | $17,500 | $5,000 | $23,250 |
| $500,000 | 14% | $35,000 | $10,000 | $45,750 |
Rule of thumb: the faster you sell, the cheaper the loan, down to the 5 month minimum.
How is a land loan payment calculated?
Loan amount times the rate, divided by 12. Interest only, no principal until payoff.
On a $100,000 loan at 14%, that is $1,166.67 a month. Your first payment is due 30 days after closing. You pay the principal, the 2% exit fee, and any remaining minimum interest when you pay off. Only the $600 closing fee, plus title and recording, is due at closing.
What is the 5 month minimum interest?
If you pay off early, you still owe 5 months of interest in total.
Pay off in month 3 and you owe months 4 and 5 at payoff. It is not collected up front. If you plan a very quick flip, factor it in. Our loan case studies held 6 to 14 months. See them on our case studies.
What is not in this calculator?
Title, recording, and your own costs of selling.
The title company sets title insurance and recording costs, and they vary by state. Add your listing costs, survey, and taxes to see your real profit. If you want 100% financing, see cross collateral. For full terms, see hard money land loans.
Frequently Asked Questions
How do I calculate a land loan payment with a down payment?
Subtract the down payment from the purchase price to get the loan amount. Then apply the rate and term: on an interest only loan, the monthly payment is the loan times the rate divided by 12. The land payment estimator on this page does it for you.
Is a lot loan calculated the same way as a land loan?
Yes. A lot is land, so the payment uses the same loan amount, rate, and term. Use the land payment estimator above for either.
How do you calculate the payment on a land loan?
On an interest only land loan, multiply the loan amount by the rate and divide by 12. A $100,000 loan at 14% is $1,166.67 a month.
What does a $100,000 land loan cost?
Held 6 months on our program: $7,000 interest, a $2,000 exit fee, $600 closing, and $150 servicing, about $9,750 total.
Are there points on a Damen Capital land loan?
No points at closing. There is a $600 closing fee, a 2% exit fee paid at payoff, and $25 a month servicing.
What is minimum interest on a land loan?
Our loans carry 5 months of minimum interest. If you pay off sooner, the rest is collected at payoff, not at closing.
Related Reading
- Hard money land loans →
- Vacant land bridge loans →
- Vacant land loan rates in 2026 →
- Hidden costs of private land loans →
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- No appraisal land loans: how lenders value land →
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- How much down payment you need for land, with examples →