Home / Construction loan calculator
Construction loan calculator for new builds
Enter your lot price, build budget and the price the home should sell for. The calculator shows your loan amount, the cash you bring and your margin.
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Your loan amount shows as you type. Send the deal and a loan officer follows up.
Estimate only. Loan amount is 90% of lot price plus build budget. Business-purpose loans on investment property, not homes you will live in.
How the calculator works
It adds your lot price and build budget to get your total cost, and shows 90% of that as your loan amount. Your share is the other 10%. If you enter a sale price, it also shows the loan as a share of that price and the gap between the sale price and your total cost.
That gap is before closing costs, interest, selling costs and taxes, so treat it as a starting point.
Example: a first build
| Deal | Amount |
|---|---|
| Lot price | $80,000 |
| Build budget | $320,000 |
| Total cost | $400,000 |
| We fund 90% | $360,000 |
| Sale price when finished | $560,000 |
| You bring (10%) | $40,000 |
Example: a larger spec home
| Deal | Amount |
|---|---|
| Lot price | $120,000 |
| Build budget | $480,000 |
| Total cost | $600,000 |
| We fund 90% | $540,000 |
| Sale price when finished | $820,000 |
| You bring (10%) | $60,000 |
Questions builders ask
Straight answers about construction loan calculator.
Is the calculator result a loan approval?
No. It is an estimate based on the numbers you enter. Send the form for your actual terms.
How much of my build do you fund?
We fund 90% of your total cost: the lot price plus the build budget. You bring the other 10%.
Can the loan include the lot?
Yes. The lot price and the build budget are added together, and we fund 90% of the total.
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