Free Land Loan Calculator
How to Use the Land Calculator Loan
- Input the loan term, property cost, down payment, interest rate.
- 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 might make it feel difficult for you to buy land, but don’t worry! You don’t need to get a land loan through a bank or an expensive private lender.
Unlike banks and lenders, at Compass Land USA you can expect:
- No expensive prepayment penalties, so you can take ownership of your land early
- No realtor or commission means you put more money back into your own pocket
- No credit check or proof of income required, you’re automatically approved
If you have any questions about how our owner finance process works, contact us today – we would love to hear from you!
Call Us to Learn More About Our Land Owner Financing
Compound Interest for Land Loan
Loans can be a 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.
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