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Real Estate Investing

Construction Loan Calculator

Estimate costs for a construction-to-permanent loan. See interest-only payments during the build phase (based on average draw balance) and your permanent mortgage payment after the construction converts to a standard loan.

By Quick Loan Calculators Team, Financial Content TeamLast reviewed: April 2026
$100,000
$400,000
8.5%
7%

Construction Payment (avg)

$1,416.67

Permanent Payment

$2,661.21

Total Project Cost

$500,000.00

Loan Amount

$400,000.00

Down Payment

$100,000.00

Construction Interest

$17,000.00

Permanent Interest

$558,035.59

Total Interest

$575,035.59

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Payment Breakdown

Payment breakdown: $400,000.00 principal (41.0%), $575,035.59 interest (59.0%)

Principal

$400,000.00 (41.0%)

Interest

$575,035.59 (59.0%)

How This Calculator Works

During construction, interest is charged only on funds drawn. Average draw is estimated at 50% of the construction loan (linear draw schedule). After completion, the loan converts to a standard amortizing mortgage on the full amount.

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Frequently Asked Questions

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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.