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 currently 6.75% (source: Federal Reserve H.15, as of 2026-08-13). Lenders price land loans as Prime plus a margin set by your credit and term, so the rate you are quoted will usually sit above this. Enter the actual rate a lender offered. This benchmark is context only and never enters the calculation.
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.