- FREE LAND LOAN CALCULATOR -

How to Use the Land Calculator Loan

  1. Input the loan term, property cost, down payment, interest rate.

  2. Let the calculator do the work! Your land payments will be computed and shown at the bottom of the calculator.

 

Land Payment Calculator

We hope you found this land calculator loan helpful! We made this calculator ourselves, so if you have any questions about how this works let us know.

The land loan calculator may have made it seem like it’s expensive to buy land, but don’t worry! You don’t need to get a loan through a bank or an expensive private lender.

Unlike banks and lenders, at Compass Land USA, we do not charge prepayment penalties, there’s no commission, and there are no credit checks or proof of income required! You’re automatically approved!

We owner finance all of our land for sale - so if you have any questions about how our owner finance process works, or if you see a property you want to make yours, contact us today - we would love to hear from you!

Call Us to Learn More About Our Owner Financing:

(313) 349-0434

Compound Interest for Land Loan

Loans can be tricky business, and hard to understand. One confusing part of the loan that can be difficult to understand is the interest. There are 2 types of interest that can be used for your land loan: simple and compound.

Simple interest works by charging interest only on the principal amount of your loan, and it is a fixed rate for the entire lifetime of your loan. Simple interest isn’t standard and isn’t used by most banks or lenders.

Compound interest works by charging interest not only on the principal amount of your loan, but also on any accrued interest. The land loan calculator uses compound interest because that is standard practice for banks and lenders in the United States.

Are You Searching for Owner Finance Land for Sale?

We know there are other lenders and banks that offer land loans, but Compass Land USA is the easiest, and the only company that can do everything for you in-house. Since we owner finance all of our own properties, we don’t do credit checks or require proof of income. We also don’t charge a prepayment penalty. Plus, you’re automatically approved for owner financing!

Here’s How to Buy Owner Finance Land for Sale - No Credit Checks or Prepayment Fees!

We send you a Promissory Note, Contract for Deed, and a Land Sale Contract for your review and signature.

We send you a Promissory Note, Contract for Deed, and a Land Sale Contract for your review and signature.

Your Down payment and Documentation Fee is processed via credit/debit card.

Your Down payment and Documentation Fee is processed via credit/debit card.

We set up automatic monthly payments. The first payment is due approximately 30 days from signing.

We set up automatic monthly payments. The first payment is due approximately 30 days from signing.

 

Call Us to Learn More About Our Owner Financing:

(313) 349-0434

Or Fill out short form below to See All Properties and Get Your Exclusive Weekly Land Deals. New Properties are Added Weekly.

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OUR FOUNDERS

Felicia Cristofaro and Andrew Gaasenbeek started Compass Land USA to help you easily and safely buy quality land at prices you can afford.

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