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Construction Loan Calculator
VeeCasa Construction Loan Calculator
Model line-item costs, draw schedule interest, equity, LTC/LTV, and construction-to-permanent payment estimates in one place.
Applies pre-filled assumptions you can still edit.
Shorter PDF output with condensed metrics and fewer rows.
Project Setup
This value is synced with the Land / lot cost line item.
Construction Budget Line Items
| Category | Amount ($) |
|---|---|
| Land / lot cost | |
| Site work | |
| Permits and fees | |
| Architectural / engineering | |
| Foundation | |
| Framing | |
| Roofing | |
| Windows and doors | |
| Exterior finishes | |
| Plumbing | |
| Electrical | |
| HVAC | |
| Insulation | |
| Drywall | |
| Interior finishes | |
| Cabinets / countertops | |
| Flooring | |
| Appliances | |
| Landscaping | |
| Driveway / hardscape | |
| Utility connections | |
| Builder profit / overhead | |
| Contingency | |
Construction budget total: $0
Construction Draw / Phase Calculator
| Phase | Draw Amount ($) | Month of Draw | Construction Interest Rate (%) | Monthly Interest-Only Payment |
|---|---|---|---|---|
| Land / acquisition | $0 | |||
| Site prep | $0 | |||
| Foundation | $0 | |||
| Framing | $0 | |||
| Mechanical rough-ins | $0 | |||
| Interior finishes | $0 | |||
| Final completion | $0 |
Permanent Loan (Post-Construction) Assumptions
Project Summary & Loan Metrics
PI: $0 | Taxes: $0 | Insurance: $0 | HOA: $0 | PMI/MIP: $0
https://veecasa.com/veecasa-funding/construction-loans/
VeeCasa is a mortgage placement platform, not a lender or mortgage broker.
What this construction loan calculator estimates
Use this construction loan calculator to calculate your construction loan costs, draw schedule, and payments before the permanent mortgage begins. It estimates:
Total project cost and the construction loan amount
Interest-only payments during the build, charged only on the funds drawn so far
Your draw schedule as each phase of construction funds
Land equity applied toward the down payment
The construction-to-permanent (single-close) loan terms after completion
A printable project summary you can bring to a lender
How construction loan payments work
During construction you usually pay interest only, and only on the money that has been drawn, not the full approved loan. Draws are released in stages, foundation, framing, rough-ins, and finish work, as the lender’s inspector signs off on each one. The draw and phase section of this construction loan payment calculator models that, so you can watch the payment rise as each draw funds.
Construction-to-permanent vs. two-time-close
A construction-to-permanent loan, also called a single-close construction loan, converts to a standard mortgage once the home is finished. One closing, one set of closing costs. A two-time-close uses a separate construction loan and then a separate permanent mortgage, with two closings. The permanent loan section of this calculator lets you set the rate and term for the mortgage that takes over after construction, so the construction-to-perm numbers are in one place.
Using land equity toward your down payment
If you already own the lot, its value can count toward your equity and reduce or cover the cash down payment a lender requires. Enter your land value and any loan against it, and this land-equity construction loan calculator shows how much it offsets.
Construction loan calculator FAQ
How much down payment do I need for a construction loan?
Typically 20 to 25 percent of total project cost for a conventional construction loan. FHA and VA construction programs allow less. Land you already own can count toward this requirement.
Do I pay principal during construction?
Usually no. Most construction loans are interest-only during the build. Principal payments start when the loan converts to a permanent mortgage.
What is a construction draw schedule?
A schedule of partial loan disbursements tied to completed stages of the build. The lender inspects each stage before releasing the next draw, and you pay interest only on what has been drawn.
Can I use this as a new construction or home construction loan calculator?
Yes. It works for a new home build, a knock-down rebuild, or a major addition financed with a construction loan, and it carries the numbers through to the permanent mortgage.
Is this a construction loan estimator, or does it give exact numbers?
It’s an estimator. It uses the interest rate, draw schedule, and budget you enter to project your construction loan costs and post-completion payment, but your final numbers depend on the lender’s underwriting, appraisal, and closing costs.
Can I use this as a construction loan pre-approval calculator?
It estimates a pre-approval range based on your Loan-to-Cost (LTC) and Loan-to-Value (LTV), not a formal pre-approval. Use the numbers as a starting point, then confirm pre-approval with a lender.
Does this work as a construction loan prequalification calculator?
Yes. Enter your budget, lot value, and target loan amount, and it shows your estimated LTC/LTV, monthly interest-only payment, and equity needed, the same numbers a lender uses to prequalify you, calculated before you apply.
Is there a simple version if I already own the land?
Yes. Select “I already own the lot” under Project Setup and enter your land value. This construction loan calculator applies that land equity straight to your down payment instead of requiring a separate lot-purchase line item.
When your numbers look right, see current construction loan options or start a pre-qualification.
Planning a build? Read these first
Two guides for builders and investors: how to prepare for a construction loan 12 months out and why your appraisal and construction budget have to match. More in Builder Resources.
