Land Loan Calculator

Land Loan Calculator with amortization schedule to calculate monthly payment for any type of land loan. The land contract amortization calculator will generate a land contract amortization schedule that shows the payment details and summary.

Land Contract Payment Calculator
Loan Amount:	$350,000.00
Monthly Payment:	$2,641.75
Total # Of Payments:	360
Start Date:	Sep, 2024
Payoff Date:	Aug, 2054
Total Interest Paid:	$601,028.53
Total Payment:	$951,028.53

Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Land Contract Amortization Schedule
Sep, 2024	1	$2,420.83	$220.91	$2,641.75	$349,779.09
Oct, 2024	2	$2,419.31	$222.44	$2,641.75	$349,556.65
Nov, 2024	3	$2,417.77	$223.98	$2,641.75	$349,332.67
Dec, 2024	4	$2,416.22	$225.53	$2,641.75	$349,107.14
Jan, 2025	5	$2,414.66	$227.09	$2,641.75	$348,880.05
Feb, 2025	6	$2,413.09	$228.66	$2,641.75	$348,651.39
Mar, 2025	7	$2,411.51	$230.24	$2,641.75	$348,421.15
Apr, 2025	8	$2,409.91	$231.83	$2,641.75	$348,189.32
May, 2025	9	$2,408.31	$233.44	$2,641.75	$347,955.88
Jun, 2025	10	$2,406.69	$235.05	$2,641.75	$347,720.83
Jul, 2025	11	$2,405.07	$236.68	$2,641.75	$347,484.15
Aug, 2025	12	$2,403.43	$238.31	$2,641.75	$347,245.84
Sep, 2025	13	$2,401.78	$239.96	$2,641.75	$347,005.88
Oct, 2025	14	$2,400.12	$241.62	$2,641.75	$346,764.26
Nov, 2025	15	$2,398.45	$243.29	$2,641.75	$346,520.96
Dec, 2025	16	$2,396.77	$244.98	$2,641.75	$346,275.99
Jan, 2026	17	$2,395.08	$246.67	$2,641.75	$346,029.32
Feb, 2026	18	$2,393.37	$248.38	$2,641.75	$345,780.94
Mar, 2026	19	$2,391.65	$250.09	$2,641.75	$345,530.85
Apr, 2026	20	$2,389.92	$251.82	$2,641.75	$345,279.02
May, 2026	21	$2,388.18	$253.57	$2,641.75	$345,025.46
Jun, 2026	22	$2,386.43	$255.32	$2,641.75	$344,770.14
Jul, 2026	23	$2,384.66	$257.09	$2,641.75	$344,513.05
Aug, 2026	24	$2,382.88	$258.86	$2,641.75	$344,254.19
Sep, 2026	25	$2,381.09	$260.65	$2,641.75	$343,993.53
Oct, 2026	26	$2,379.29	$262.46	$2,641.75	$343,731.07
Nov, 2026	27	$2,377.47	$264.27	$2,641.75	$343,466.80
Dec, 2026	28	$2,375.65	$266.10	$2,641.75	$343,200.70
Jan, 2027	29	$2,373.80	$267.94	$2,641.75	$342,932.76
Feb, 2027	30	$2,371.95	$269.79	$2,641.75	$342,662.97
Mar, 2027	31	$2,370.09	$271.66	$2,641.75	$342,391.31
Apr, 2027	32	$2,368.21	$273.54	$2,641.75	$342,117.77
May, 2027	33	$2,366.31	$275.43	$2,641.75	$341,842.34
Jun, 2027	34	$2,364.41	$277.34	$2,641.75	$341,565.00
Jul, 2027	35	$2,362.49	$279.25	$2,641.75	$341,285.74
Aug, 2027	36	$2,360.56	$281.19	$2,641.75	$341,004.56
Sep, 2027	37	$2,358.61	$283.13	$2,641.75	$340,721.43
Oct, 2027	38	$2,356.66	$285.09	$2,641.75	$340,436.34
Nov, 2027	39	$2,354.68	$287.06	$2,641.75	$340,149.28
Dec, 2027	40	$2,352.70	$289.05	$2,641.75	$339,860.23
Jan, 2028	41	$2,350.70	$291.05	$2,641.75	$339,569.18
Feb, 2028	42	$2,348.69	$293.06	$2,641.75	$339,276.12
Mar, 2028	43	$2,346.66	$295.09	$2,641.75	$338,981.04
Apr, 2028	44	$2,344.62	$297.13	$2,641.75	$338,683.91
May, 2028	45	$2,342.56	$299.18	$2,641.75	$338,384.73
Jun, 2028	46	$2,340.49	$301.25	$2,641.75	$338,083.48
Jul, 2028	47	$2,338.41	$303.34	$2,641.75	$337,780.14
Aug, 2028	48	$2,336.31	$305.43	$2,641.75	$337,474.71
Sep, 2028	49	$2,334.20	$307.55	$2,641.75	$337,167.16
Oct, 2028	50	$2,332.07	$309.67	$2,641.75	$336,857.49
Nov, 2028	51	$2,329.93	$311.81	$2,641.75	$336,545.68
Dec, 2028	52	$2,327.77	$313.97	$2,641.75	$336,231.70
Jan, 2029	53	$2,325.60	$316.14	$2,641.75	$335,915.56
Feb, 2029	54	$2,323.42	$318.33	$2,641.75	$335,597.23
Mar, 2029	55	$2,321.21	$320.53	$2,641.75	$335,276.70
Apr, 2029	56	$2,319.00	$322.75	$2,641.75	$334,953.95
May, 2029	57	$2,316.76	$324.98	$2,641.75	$334,628.97
Jun, 2029	58	$2,314.52	$327.23	$2,641.75	$334,301.74
Jul, 2029	59	$2,312.25	$329.49	$2,641.75	$333,972.25
Aug, 2029	60	$2,309.97	$331.77	$2,641.75	$333,640.48
Sep, 2029	61	$2,307.68	$334.07	$2,641.75	$333,306.41
Oct, 2029	62	$2,305.37	$336.38	$2,641.75	$332,970.03
Nov, 2029	63	$2,303.04	$338.70	$2,641.75	$332,631.33
Dec, 2029	64	$2,300.70	$341.05	$2,641.75	$332,290.28
Jan, 2030	65	$2,298.34	$343.40	$2,641.75	$331,946.88
Feb, 2030	66	$2,295.97	$345.78	$2,641.75	$331,601.10
Mar, 2030	67	$2,293.57	$348.17	$2,641.75	$331,252.93
Apr, 2030	68	$2,291.17	$350.58	$2,641.75	$330,902.35
May, 2030	69	$2,288.74	$353.00	$2,641.75	$330,549.34
Jun, 2030	70	$2,286.30	$355.45	$2,641.75	$330,193.90
Jul, 2030	71	$2,283.84	$357.90	$2,641.75	$329,835.99
Aug, 2030	72	$2,281.37	$360.38	$2,641.75	$329,475.61
Sep, 2030	73	$2,278.87	$362.87	$2,641.75	$329,112.74
Oct, 2030	74	$2,276.36	$365.38	$2,641.75	$328,747.36
Nov, 2030	75	$2,273.84	$367.91	$2,641.75	$328,379.45
Dec, 2030	76	$2,271.29	$370.45	$2,641.75	$328,008.99
Jan, 2031	77	$2,268.73	$373.02	$2,641.75	$327,635.98
Feb, 2031	78	$2,266.15	$375.60	$2,641.75	$327,260.38
Mar, 2031	79	$2,263.55	$378.19	$2,641.75	$326,882.18
Apr, 2031	80	$2,260.94	$380.81	$2,641.75	$326,501.37
May, 2031	81	$2,258.30	$383.44	$2,641.75	$326,117.93
Jun, 2031	82	$2,255.65	$386.10	$2,641.75	$325,731.83
Jul, 2031	83	$2,252.98	$388.77	$2,641.75	$325,343.06
Aug, 2031	84	$2,250.29	$391.46	$2,641.75	$324,951.61
Sep, 2031	85	$2,247.58	$394.16	$2,641.75	$324,557.44
Oct, 2031	86	$2,244.86	$396.89	$2,641.75	$324,160.55
Nov, 2031	87	$2,242.11	$399.64	$2,641.75	$323,760.92
Dec, 2031	88	$2,239.35	$402.40	$2,641.75	$323,358.52
Jan, 2032	89	$2,236.56	$405.18	$2,641.75	$322,953.33
Feb, 2032	90	$2,233.76	$407.99	$2,641.75	$322,545.35
Mar, 2032	91	$2,230.94	$410.81	$2,641.75	$322,134.54
Apr, 2032	92	$2,228.10	$413.65	$2,641.75	$321,720.89
May, 2032	93	$2,225.24	$416.51	$2,641.75	$321,304.38
Jun, 2032	94	$2,222.36	$419.39	$2,641.75	$320,884.99
Jul, 2032	95	$2,219.45	$422.29	$2,641.75	$320,462.70
Aug, 2032	96	$2,216.53	$425.21	$2,641.75	$320,037.49
Sep, 2032	97	$2,213.59	$428.15	$2,641.75	$319,609.34
Oct, 2032	98	$2,210.63	$431.11	$2,641.75	$319,178.22
Nov, 2032	99	$2,207.65	$434.10	$2,641.75	$318,744.12
Dec, 2032	100	$2,204.65	$437.10	$2,641.75	$318,307.03
Jan, 2033	101	$2,201.62	$440.12	$2,641.75	$317,866.90
Feb, 2033	102	$2,198.58	$443.17	$2,641.75	$317,423.74
Mar, 2033	103	$2,195.51	$446.23	$2,641.75	$316,977.51
Apr, 2033	104	$2,192.43	$449.32	$2,641.75	$316,528.19
May, 2033	105	$2,189.32	$452.43	$2,641.75	$316,075.76
Jun, 2033	106	$2,186.19	$455.56	$2,641.75	$315,620.21
Jul, 2033	107	$2,183.04	$458.71	$2,641.75	$315,161.50
Aug, 2033	108	$2,179.87	$461.88	$2,641.75	$314,699.62
Sep, 2033	109	$2,176.67	$465.07	$2,641.75	$314,234.55
Oct, 2033	110	$2,173.46	$468.29	$2,641.75	$313,766.26
Nov, 2033	111	$2,170.22	$471.53	$2,641.75	$313,294.73
Dec, 2033	112	$2,166.96	$474.79	$2,641.75	$312,819.94
Jan, 2034	113	$2,163.67	$478.07	$2,641.75	$312,341.86
Feb, 2034	114	$2,160.36	$481.38	$2,641.75	$311,860.48
Mar, 2034	115	$2,157.03	$484.71	$2,641.75	$311,375.77
Apr, 2034	116	$2,153.68	$488.06	$2,641.75	$310,887.71
May, 2034	117	$2,150.31	$491.44	$2,641.75	$310,396.27
Jun, 2034	118	$2,146.91	$494.84	$2,641.75	$309,901.43
Jul, 2034	119	$2,143.48	$498.26	$2,641.75	$309,403.17
Aug, 2034	120	$2,140.04	$501.71	$2,641.75	$308,901.46
Sep, 2034	121	$2,136.57	$505.18	$2,641.75	$308,396.28
Oct, 2034	122	$2,133.07	$508.67	$2,641.75	$307,887.61
Nov, 2034	123	$2,129.56	$512.19	$2,641.75	$307,375.42
Dec, 2034	124	$2,126.01	$515.73	$2,641.75	$306,859.69
Jan, 2035	125	$2,122.45	$519.30	$2,641.75	$306,340.39
Feb, 2035	126	$2,118.85	$522.89	$2,641.75	$305,817.50
Mar, 2035	127	$2,115.24	$526.51	$2,641.75	$305,290.99
Apr, 2035	128	$2,111.60	$530.15	$2,641.75	$304,760.84
May, 2035	129	$2,107.93	$533.82	$2,641.75	$304,227.02
Jun, 2035	130	$2,104.24	$537.51	$2,641.75	$303,689.51
Jul, 2035	131	$2,100.52	$541.23	$2,641.75	$303,148.29
Aug, 2035	132	$2,096.78	$544.97	$2,641.75	$302,603.32
Sep, 2035	133	$2,093.01	$548.74	$2,641.75	$302,054.58
Oct, 2035	134	$2,089.21	$552.54	$2,641.75	$301,502.04
Nov, 2035	135	$2,085.39	$556.36	$2,641.75	$300,945.69
Dec, 2035	136	$2,081.54	$560.20	$2,641.75	$300,385.48
Jan, 2036	137	$2,077.67	$564.08	$2,641.75	$299,821.40
Feb, 2036	138	$2,073.76	$567.98	$2,641.75	$299,253.42
Mar, 2036	139	$2,069.84	$571.91	$2,641.75	$298,681.51
Apr, 2036	140	$2,065.88	$575.87	$2,641.75	$298,105.64
May, 2036	141	$2,061.90	$579.85	$2,641.75	$297,525.80
Jun, 2036	142	$2,057.89	$583.86	$2,641.75	$296,941.94
Jul, 2036	143	$2,053.85	$587.90	$2,641.75	$296,354.04
Aug, 2036	144	$2,049.78	$591.96	$2,641.75	$295,762.08
Sep, 2036	145	$2,045.69	$596.06	$2,641.75	$295,166.02
Oct, 2036	146	$2,041.56	$600.18	$2,641.75	$294,565.84
Nov, 2036	147	$2,037.41	$604.33	$2,641.75	$293,961.50
Dec, 2036	148	$2,033.23	$608.51	$2,641.75	$293,352.99
Jan, 2037	149	$2,029.02	$612.72	$2,641.75	$292,740.27
Feb, 2037	150	$2,024.79	$616.96	$2,641.75	$292,123.31
Mar, 2037	151	$2,020.52	$621.23	$2,641.75	$291,502.09
Apr, 2037	152	$2,016.22	$625.52	$2,641.75	$290,876.56
May, 2037	153	$2,011.90	$629.85	$2,641.75	$290,246.71
Jun, 2037	154	$2,007.54	$634.21	$2,641.75	$289,612.51
Jul, 2037	155	$2,003.15	$638.59	$2,641.75	$288,973.91
Aug, 2037	156	$1,998.74	$643.01	$2,641.75	$288,330.90
Sep, 2037	157	$1,994.29	$647.46	$2,641.75	$287,683.45
Oct, 2037	158	$1,989.81	$651.94	$2,641.75	$287,031.51
Nov, 2037	159	$1,985.30	$656.44	$2,641.75	$286,375.07
Dec, 2037	160	$1,980.76	$660.99	$2,641.75	$285,714.08
Jan, 2038	161	$1,976.19	$665.56	$2,641.75	$285,048.52
Feb, 2038	162	$1,971.59	$670.16	$2,641.75	$284,378.36
Mar, 2038	163	$1,966.95	$674.80	$2,641.75	$283,703.57
Apr, 2038	164	$1,962.28	$679.46	$2,641.75	$283,024.11
May, 2038	165	$1,957.58	$684.16	$2,641.75	$282,339.94
Jun, 2038	166	$1,952.85	$688.89	$2,641.75	$281,651.05
Jul, 2038	167	$1,948.09	$693.66	$2,641.75	$280,957.39
Aug, 2038	168	$1,943.29	$698.46	$2,641.75	$280,258.93
Sep, 2038	169	$1,938.46	$703.29	$2,641.75	$279,555.64
Oct, 2038	170	$1,933.59	$708.15	$2,641.75	$278,847.49
Nov, 2038	171	$1,928.70	$713.05	$2,641.75	$278,134.44
Dec, 2038	172	$1,923.76	$717.98	$2,641.75	$277,416.46
Jan, 2039	173	$1,918.80	$722.95	$2,641.75	$276,693.51
Feb, 2039	174	$1,913.80	$727.95	$2,641.75	$275,965.56
Mar, 2039	175	$1,908.76	$732.98	$2,641.75	$275,232.58
Apr, 2039	176	$1,903.69	$738.05	$2,641.75	$274,494.52
May, 2039	177	$1,898.59	$743.16	$2,641.75	$273,751.36
Jun, 2039	178	$1,893.45	$748.30	$2,641.75	$273,003.06
Jul, 2039	179	$1,888.27	$753.47	$2,641.75	$272,249.59
Aug, 2039	180	$1,883.06	$758.69	$2,641.75	$271,490.90
Sep, 2039	181	$1,877.81	$763.93	$2,641.75	$270,726.97
Oct, 2039	182	$1,872.53	$769.22	$2,641.75	$269,957.75
Nov, 2039	183	$1,867.21	$774.54	$2,641.75	$269,183.21
Dec, 2039	184	$1,861.85	$779.90	$2,641.75	$268,403.32
Jan, 2040	185	$1,856.46	$785.29	$2,641.75	$267,618.03
Feb, 2040	186	$1,851.02	$790.72	$2,641.75	$266,827.31
Mar, 2040	187	$1,845.56	$796.19	$2,641.75	$266,031.12
Apr, 2040	188	$1,840.05	$801.70	$2,641.75	$265,229.42
May, 2040	189	$1,834.50	$807.24	$2,641.75	$264,422.18
Jun, 2040	190	$1,828.92	$812.83	$2,641.75	$263,609.35
Jul, 2040	191	$1,823.30	$818.45	$2,641.75	$262,790.90
Aug, 2040	192	$1,817.64	$824.11	$2,641.75	$261,966.79
Sep, 2040	193	$1,811.94	$829.81	$2,641.75	$261,136.99
Oct, 2040	194	$1,806.20	$835.55	$2,641.75	$260,301.44
Nov, 2040	195	$1,800.42	$841.33	$2,641.75	$259,460.11
Dec, 2040	196	$1,794.60	$847.15	$2,641.75	$258,612.96
Jan, 2041	197	$1,788.74	$853.01	$2,641.75	$257,759.96
Feb, 2041	198	$1,782.84	$858.91	$2,641.75	$256,901.05
Mar, 2041	199	$1,776.90	$864.85	$2,641.75	$256,036.20
Apr, 2041	200	$1,770.92	$870.83	$2,641.75	$255,165.37
May, 2041	201	$1,764.89	$876.85	$2,641.75	$254,288.52
Jun, 2041	202	$1,758.83	$882.92	$2,641.75	$253,405.61
Jul, 2041	203	$1,752.72	$889.02	$2,641.75	$252,516.58
Aug, 2041	204	$1,746.57	$895.17	$2,641.75	$251,621.41
Sep, 2041	205	$1,740.38	$901.36	$2,641.75	$250,720.04
Oct, 2041	206	$1,734.15	$907.60	$2,641.75	$249,812.44
Nov, 2041	207	$1,727.87	$913.88	$2,641.75	$248,898.57
Dec, 2041	208	$1,721.55	$920.20	$2,641.75	$247,978.37
Jan, 2042	209	$1,715.18	$926.56	$2,641.75	$247,051.81
Feb, 2042	210	$1,708.78	$932.97	$2,641.75	$246,118.84
Mar, 2042	211	$1,702.32	$939.42	$2,641.75	$245,179.41
Apr, 2042	212	$1,695.82	$945.92	$2,641.75	$244,233.49
May, 2042	213	$1,689.28	$952.46	$2,641.75	$243,281.03
Jun, 2042	214	$1,682.69	$959.05	$2,641.75	$242,321.98
Jul, 2042	215	$1,676.06	$965.69	$2,641.75	$241,356.29
Aug, 2042	216	$1,669.38	$972.36	$2,641.75	$240,383.93
Sep, 2042	217	$1,662.66	$979.09	$2,641.75	$239,404.83
Oct, 2042	218	$1,655.88	$985.86	$2,641.75	$238,418.97
Nov, 2042	219	$1,649.06	$992.68	$2,641.75	$237,426.29
Dec, 2042	220	$1,642.20	$999.55	$2,641.75	$236,426.74
Jan, 2043	221	$1,635.28	$1,006.46	$2,641.75	$235,420.28
Feb, 2043	222	$1,628.32	$1,013.42	$2,641.75	$234,406.86
Mar, 2043	223	$1,621.31	$1,020.43	$2,641.75	$233,386.43
Apr, 2043	224	$1,614.26	$1,027.49	$2,641.75	$232,358.94
May, 2043	225	$1,607.15	$1,034.60	$2,641.75	$231,324.34
Jun, 2043	226	$1,599.99	$1,041.75	$2,641.75	$230,282.59
Jul, 2043	227	$1,592.79	$1,048.96	$2,641.75	$229,233.63
Aug, 2043	228	$1,585.53	$1,056.21	$2,641.75	$228,177.42
Sep, 2043	229	$1,578.23	$1,063.52	$2,641.75	$227,113.90
Oct, 2043	230	$1,570.87	$1,070.87	$2,641.75	$226,043.02
Nov, 2043	231	$1,563.46	$1,078.28	$2,641.75	$224,964.74
Dec, 2043	232	$1,556.01	$1,085.74	$2,641.75	$223,879.00
Jan, 2044	233	$1,548.50	$1,093.25	$2,641.75	$222,785.75
Feb, 2044	234	$1,540.93	$1,100.81	$2,641.75	$221,684.94
Mar, 2044	235	$1,533.32	$1,108.43	$2,641.75	$220,576.52
Apr, 2044	236	$1,525.65	$1,116.09	$2,641.75	$219,460.43
May, 2044	237	$1,517.93	$1,123.81	$2,641.75	$218,336.61
Jun, 2044	238	$1,510.16	$1,131.58	$2,641.75	$217,205.03
Jul, 2044	239	$1,502.33	$1,139.41	$2,641.75	$216,065.62
Aug, 2044	240	$1,494.45	$1,147.29	$2,641.75	$214,918.33
Sep, 2044	241	$1,486.52	$1,155.23	$2,641.75	$213,763.10
Oct, 2044	242	$1,478.53	$1,163.22	$2,641.75	$212,599.88
Nov, 2044	243	$1,470.48	$1,171.26	$2,641.75	$211,428.62
Dec, 2044	244	$1,462.38	$1,179.36	$2,641.75	$210,249.25
Jan, 2045	245	$1,454.22	$1,187.52	$2,641.75	$209,061.73
Feb, 2045	246	$1,446.01	$1,195.74	$2,641.75	$207,866.00
Mar, 2045	247	$1,437.74	$1,204.01	$2,641.75	$206,661.99
Apr, 2045	248	$1,429.41	$1,212.33	$2,641.75	$205,449.66
May, 2045	249	$1,421.03	$1,220.72	$2,641.75	$204,228.94
Jun, 2045	250	$1,412.58	$1,229.16	$2,641.75	$202,999.78
Jul, 2045	251	$1,404.08	$1,237.66	$2,641.75	$201,762.11
Aug, 2045	252	$1,395.52	$1,246.22	$2,641.75	$200,515.89
Sep, 2045	253	$1,386.90	$1,254.84	$2,641.75	$199,261.04
Oct, 2045	254	$1,378.22	$1,263.52	$2,641.75	$197,997.52
Nov, 2045	255	$1,369.48	$1,272.26	$2,641.75	$196,725.26
Dec, 2045	256	$1,360.68	$1,281.06	$2,641.75	$195,444.19
Jan, 2046	257	$1,351.82	$1,289.92	$2,641.75	$194,154.27
Feb, 2046	258	$1,342.90	$1,298.85	$2,641.75	$192,855.42
Mar, 2046	259	$1,333.92	$1,307.83	$2,641.75	$191,547.59
Apr, 2046	260	$1,324.87	$1,316.88	$2,641.75	$190,230.72
May, 2046	261	$1,315.76	$1,325.98	$2,641.75	$188,904.74
Jun, 2046	262	$1,306.59	$1,335.15	$2,641.75	$187,569.58
Jul, 2046	263	$1,297.36	$1,344.39	$2,641.75	$186,225.19
Aug, 2046	264	$1,288.06	$1,353.69	$2,641.75	$184,871.50
Sep, 2046	265	$1,278.69	$1,363.05	$2,641.75	$183,508.45
Oct, 2046	266	$1,269.27	$1,372.48	$2,641.75	$182,135.97
Nov, 2046	267	$1,259.77	$1,381.97	$2,641.75	$180,754.00
Dec, 2046	268	$1,250.22	$1,391.53	$2,641.75	$179,362.47
Jan, 2047	269	$1,240.59	$1,401.16	$2,641.75	$177,961.31
Feb, 2047	270	$1,230.90	$1,410.85	$2,641.75	$176,550.47
Mar, 2047	271	$1,221.14	$1,420.61	$2,641.75	$175,129.86
Apr, 2047	272	$1,211.31	$1,430.43	$2,641.75	$173,699.43
May, 2047	273	$1,201.42	$1,440.32	$2,641.75	$172,259.11
Jun, 2047	274	$1,191.46	$1,450.29	$2,641.75	$170,808.82
Jul, 2047	275	$1,181.43	$1,460.32	$2,641.75	$169,348.50
Aug, 2047	276	$1,171.33	$1,470.42	$2,641.75	$167,878.08
Sep, 2047	277	$1,161.16	$1,480.59	$2,641.75	$166,397.49
Oct, 2047	278	$1,150.92	$1,490.83	$2,641.75	$164,906.66
Nov, 2047	279	$1,140.60	$1,501.14	$2,641.75	$163,405.52
Dec, 2047	280	$1,130.22	$1,511.52	$2,641.75	$161,894.00
Jan, 2048	281	$1,119.77	$1,521.98	$2,641.75	$160,372.02
Feb, 2048	282	$1,109.24	$1,532.51	$2,641.75	$158,839.51
Mar, 2048	283	$1,098.64	$1,543.11	$2,641.75	$157,296.41
Apr, 2048	284	$1,087.97	$1,553.78	$2,641.75	$155,742.63
May, 2048	285	$1,077.22	$1,564.53	$2,641.75	$154,178.10
Jun, 2048	286	$1,066.40	$1,575.35	$2,641.75	$152,602.75
Jul, 2048	287	$1,055.50	$1,586.24	$2,641.75	$151,016.51
Aug, 2048	288	$1,044.53	$1,597.22	$2,641.75	$149,419.29
Sep, 2048	289	$1,033.48	$1,608.26	$2,641.75	$147,811.03
Oct, 2048	290	$1,022.36	$1,619.39	$2,641.75	$146,191.65
Nov, 2048	291	$1,011.16	$1,630.59	$2,641.75	$144,561.06
Dec, 2048	292	$999.88	$1,641.87	$2,641.75	$142,919.19
Jan, 2049	293	$988.52	$1,653.22	$2,641.75	$141,265.97
Feb, 2049	294	$977.09	$1,664.66	$2,641.75	$139,601.32
Mar, 2049	295	$965.58	$1,676.17	$2,641.75	$137,925.15
Apr, 2049	296	$953.98	$1,687.76	$2,641.75	$136,237.38
May, 2049	297	$942.31	$1,699.44	$2,641.75	$134,537.94
Jun, 2049	298	$930.55	$1,711.19	$2,641.75	$132,826.75
Jul, 2049	299	$918.72	$1,723.03	$2,641.75	$131,103.73
Aug, 2049	300	$906.80	$1,734.95	$2,641.75	$129,368.78
Sep, 2049	301	$894.80	$1,746.95	$2,641.75	$127,621.83
Oct, 2049	302	$882.72	$1,759.03	$2,641.75	$125,862.81
Nov, 2049	303	$870.55	$1,771.19	$2,641.75	$124,091.61
Dec, 2049	304	$858.30	$1,783.45	$2,641.75	$122,308.17
Jan, 2050	305	$845.96	$1,795.78	$2,641.75	$120,512.39
Feb, 2050	306	$833.54	$1,808.20	$2,641.75	$118,704.18
Mar, 2050	307	$821.04	$1,820.71	$2,641.75	$116,883.47
Apr, 2050	308	$808.44	$1,833.30	$2,641.75	$115,050.17
May, 2050	309	$795.76	$1,845.98	$2,641.75	$113,204.19
Jun, 2050	310	$783.00	$1,858.75	$2,641.75	$111,345.44
Jul, 2050	311	$770.14	$1,871.61	$2,641.75	$109,473.83
Aug, 2050	312	$757.19	$1,884.55	$2,641.75	$107,589.28
Sep, 2050	313	$744.16	$1,897.59	$2,641.75	$105,691.69
Oct, 2050	314	$731.03	$1,910.71	$2,641.75	$103,780.98
Nov, 2050	315	$717.82	$1,923.93	$2,641.75	$101,857.06
Dec, 2050	316	$704.51	$1,937.23	$2,641.75	$99,919.82
Jan, 2051	317	$691.11	$1,950.63	$2,641.75	$97,969.19
Feb, 2051	318	$677.62	$1,964.13	$2,641.75	$96,005.06
Mar, 2051	319	$664.04	$1,977.71	$2,641.75	$94,027.35
Apr, 2051	320	$650.36	$1,991.39	$2,641.75	$92,035.96
May, 2051	321	$636.58	$2,005.16	$2,641.75	$90,030.80
Jun, 2051	322	$622.71	$2,019.03	$2,641.75	$88,011.76
Jul, 2051	323	$608.75	$2,033.00	$2,641.75	$85,978.77
Aug, 2051	324	$594.69	$2,047.06	$2,641.75	$83,931.71
Sep, 2051	325	$580.53	$2,061.22	$2,641.75	$81,870.49
Oct, 2051	326	$566.27	$2,075.48	$2,641.75	$79,795.01
Nov, 2051	327	$551.92	$2,089.83	$2,641.75	$77,705.18
Dec, 2051	328	$537.46	$2,104.29	$2,641.75	$75,600.90
Jan, 2052	329	$522.91	$2,118.84	$2,641.75	$73,482.06
Feb, 2052	330	$508.25	$2,133.50	$2,641.75	$71,348.56
Mar, 2052	331	$493.49	$2,148.25	$2,641.75	$69,200.31
Apr, 2052	332	$478.64	$2,163.11	$2,641.75	$67,037.20
May, 2052	333	$463.67	$2,178.07	$2,641.75	$64,859.13
Jun, 2052	334	$448.61	$2,193.14	$2,641.75	$62,665.99
Jul, 2052	335	$433.44	$2,208.31	$2,641.75	$60,457.69
Aug, 2052	336	$418.17	$2,223.58	$2,641.75	$58,234.11
Sep, 2052	337	$402.79	$2,238.96	$2,641.75	$55,995.15
Oct, 2052	338	$387.30	$2,254.45	$2,641.75	$53,740.70
Nov, 2052	339	$371.71	$2,270.04	$2,641.75	$51,470.66
Dec, 2052	340	$356.01	$2,285.74	$2,641.75	$49,184.92
Jan, 2053	341	$340.20	$2,301.55	$2,641.75	$46,883.37
Feb, 2053	342	$324.28	$2,317.47	$2,641.75	$44,565.90
Mar, 2053	343	$308.25	$2,333.50	$2,641.75	$42,232.40
Apr, 2053	344	$292.11	$2,349.64	$2,641.75	$39,882.76
May, 2053	345	$275.86	$2,365.89	$2,641.75	$37,516.87
Jun, 2053	346	$259.49	$2,382.25	$2,641.75	$35,134.62
Jul, 2053	347	$243.01	$2,398.73	$2,641.75	$32,735.89
Aug, 2053	348	$226.42	$2,415.32	$2,641.75	$30,320.56
Sep, 2053	349	$209.72	$2,432.03	$2,641.75	$27,888.54
Oct, 2053	350	$192.90	$2,448.85	$2,641.75	$25,439.69
Nov, 2053	351	$175.96	$2,465.79	$2,641.75	$22,973.90
Dec, 2053	352	$158.90	$2,482.84	$2,641.75	$20,491.05
Jan, 2054	353	$141.73	$2,500.02	$2,641.75	$17,991.04
Feb, 2054	354	$124.44	$2,517.31	$2,641.75	$15,473.73
Mar, 2054	355	$107.03	$2,534.72	$2,641.75	$12,939.01
Apr, 2054	356	$89.49	$2,552.25	$2,641.75	$10,386.76
May, 2054	357	$71.84	$2,569.90	$2,641.75	$7,816.86
Jun, 2054	358	$54.07	$2,587.68	$2,641.75	$5,229.18
Jul, 2054	359	$36.17	$2,605.58	$2,641.75	$2,623.60
Aug, 2054	360	$18.15	$2,623.60	$2,641.75	$0.00

Amortization Schedule For Land Contract

The amortization schedule for land contract will also show the total interest payment, the costs of the land loan, and the payoff date.

What is a land contract?

A land contract or contract for deed is a legal agreement between the buyer and the seller of a real estate property, such as vacant land, a commercial building, or an apartment. A land contract is similar to a mortgage except that the lender is not a bank, but the seller of the property. The buyer makes regular payments to the seller until the amount is paid in full. The difference between a land contract and a mortgage is that it is easier when the borrower deals with a bank as they follow standard lending procedures. In contrast, a land contract is purely between the borrower and the seller. Borrowers of a land contract should read the terms carefully to make sure that they are not at a disadvantage and get a fair term for their purchase of the land.

How does a land contract work?

A land contract is usually seller financed rather than bank financed. For this reason, the seller determines the interest rate, terms, and the down payment required by the borrower. Seller financing reduced the number of entities involved in selling land or property. It is usually cheaper than a mortgage where borrowers may be required to pay sizable closing costs. Therefore, seller financing is especially beneficial for borrowers who may not qualify for conventional mortgages. Other than that, a land contract works like a mortgage where the borrowers make installment payments directly to the seller of the property instead of a lender. In a traditional mortgage, the buyer gets the title to the house after the closing. With a land contract, the seller has legal rights to the house until the buyer pays off the loan.

Land contract vs. mortgage

Following is a table that shows the main differences between a land contract and a traditional mortgage from the bank.

	Land Contract	Mortgage
Land Contract Vs. Home Equity Loan
Legal right to the house	No, buyers have no right to the house until the contract is fulfilled.	Yes, buyers have legal rights to the house.
Closing costs	Little or no closing costs	Yes, sizable closing costs to the buyer or the seller depending on the contract.
Entities involved	Only the buyer and seller of the property are involved.	More entities are involved other than the buyer, seller, and bank.
Requirements & Restrictions	Fewer restrictions and requirements are required by the buyer.	More restrictions and requirements by the bank.
A contract between the buyer and seller	Yes	No
A contract between the buyer and the bank	No	Yes

Advantages of contract for deed

There are pros and cons of a contract for deed for land buyers. Following are some of the advantages.

Lower Upfront Costs - buyers can save money on loan original fees, application fees, closing costs, and other costs when getting a traditional mortgage from the bank.
Flexible Terms - buyers can negotiate directly with the seller for favorite terms.
Faster Transaction - the real estate deal can proceed much faster as you no longer have to deal with a slower loan approval process from the bank.

Disadvantages of contract for deed

Here comes the downsides for the buyer with a contract for deed rather than getting a mortgage from the bank.

Seller Keeps Title - the buyer doesn't have the title to the house. The seller keeps the title until the loan is paid off.
Fewer Regulations - there are very few regulations that protect the buyer.
Higher Interest Rate - buyers may pay a higher interest rate and pay more in interest payments over time.
Additional Costs - buyers will need to maintain the house and pay taxes.
Balloon Payment - a contract for deed often has a balloon payment structure where the buyer is required to make a large payment to pay off the loan.
Lose the House - the buyer will lose the house if he cannot afford to make the balloon payment.

What happens if a buyer defaults on the land contract?

If a buyer defaults on the land contract, the seller has the right to keep all the money that the buyer has paid up to that point and also gets to keep the property. While it may seem like the seller has more advantages in a land contract than a buyer, it does come with risks. The risk for the seller is that he does not collect the full amount at the time of the sale, but only the down payment and the regular payments made by the buyer. The risk to the buyer is that he does not have the rights to the property after making a down payment and the regular payments that he is required to pay. Therefore, borrowers should have a lawyer view the land contract before they make any decisions because it is less regulated than a mortgage contract financed by a bank.

Is a land contract right for you?

While a land contract is beneficial for both the seller and buyer in some situations, it is not always the ideal solution. For buyers who qualify for a conventional mortgage, it may be best to go for a mortgage from the bank than a land contract because there are fewer regulations with a land contract and the interest rate will usually be much higher. First-time home buyers may be surprised to find out that they don't have the legal rights to the house after they make the down payment. A land contract also comes with other risks if the seller is still on a mortgage of his own. If the seller fails to make mortgage payments, the buyer may lose the house even if they did nothing wrong. Before signing a land contract, buyers should do their own due diligence and research thoroughly to make sure it is for them, and that the property is paid off by the seller. Hire a lawyer to review the land contract and avoid any legal traps down the road.

Contract For Deed Calculator

If you have a contract for deed with the seller where you repay the seller instead of a traditional lender, the contract for deed calculator will calculate the monthly payments for your contract. If you have a contract for deed with a balloon payment, you can calculate the monthly payments with our balloon payment calculator.

Today's Home Equity Rates

Check Today's Mortgage Rates

Compare Today's Mortgage Rates
Check HELOC Rates

Land Contract Amortization Calculator
Loan Amount		Loan Terms	years
Interest Rate		First Payment Date
Amortization schedule	Show By Month Year

Amortization Schedule