Land Loan Calculator

Mortgage Rates Refinance Rates Home Equity Rates

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:	Jul, 2025
Payoff Date:	Jun, 2055
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
Jul, 2025	1	$2,420.83	$220.91	$2,641.75	$349,779.09
Aug, 2025	2	$2,419.31	$222.44	$2,641.75	$349,556.65
Sep, 2025	3	$2,417.77	$223.98	$2,641.75	$349,332.67
Oct, 2025	4	$2,416.22	$225.53	$2,641.75	$349,107.14
Nov, 2025	5	$2,414.66	$227.09	$2,641.75	$348,880.05
Dec, 2025	6	$2,413.09	$228.66	$2,641.75	$348,651.39
Jan, 2026	7	$2,411.51	$230.24	$2,641.75	$348,421.15
Feb, 2026	8	$2,409.91	$231.83	$2,641.75	$348,189.32
Mar, 2026	9	$2,408.31	$233.44	$2,641.75	$347,955.88
Apr, 2026	10	$2,406.69	$235.05	$2,641.75	$347,720.83
May, 2026	11	$2,405.07	$236.68	$2,641.75	$347,484.15
Jun, 2026	12	$2,403.43	$238.31	$2,641.75	$347,245.84
Jul, 2026	13	$2,401.78	$239.96	$2,641.75	$347,005.88
Aug, 2026	14	$2,400.12	$241.62	$2,641.75	$346,764.26
Sep, 2026	15	$2,398.45	$243.29	$2,641.75	$346,520.96
Oct, 2026	16	$2,396.77	$244.98	$2,641.75	$346,275.99
Nov, 2026	17	$2,395.08	$246.67	$2,641.75	$346,029.32
Dec, 2026	18	$2,393.37	$248.38	$2,641.75	$345,780.94
Jan, 2027	19	$2,391.65	$250.09	$2,641.75	$345,530.85
Feb, 2027	20	$2,389.92	$251.82	$2,641.75	$345,279.02
Mar, 2027	21	$2,388.18	$253.57	$2,641.75	$345,025.46
Apr, 2027	22	$2,386.43	$255.32	$2,641.75	$344,770.14
May, 2027	23	$2,384.66	$257.09	$2,641.75	$344,513.05
Jun, 2027	24	$2,382.88	$258.86	$2,641.75	$344,254.19
Jul, 2027	25	$2,381.09	$260.65	$2,641.75	$343,993.53
Aug, 2027	26	$2,379.29	$262.46	$2,641.75	$343,731.07
Sep, 2027	27	$2,377.47	$264.27	$2,641.75	$343,466.80
Oct, 2027	28	$2,375.65	$266.10	$2,641.75	$343,200.70
Nov, 2027	29	$2,373.80	$267.94	$2,641.75	$342,932.76
Dec, 2027	30	$2,371.95	$269.79	$2,641.75	$342,662.97
Jan, 2028	31	$2,370.09	$271.66	$2,641.75	$342,391.31
Feb, 2028	32	$2,368.21	$273.54	$2,641.75	$342,117.77
Mar, 2028	33	$2,366.31	$275.43	$2,641.75	$341,842.34
Apr, 2028	34	$2,364.41	$277.34	$2,641.75	$341,565.00
May, 2028	35	$2,362.49	$279.25	$2,641.75	$341,285.74
Jun, 2028	36	$2,360.56	$281.19	$2,641.75	$341,004.56
Jul, 2028	37	$2,358.61	$283.13	$2,641.75	$340,721.43
Aug, 2028	38	$2,356.66	$285.09	$2,641.75	$340,436.34
Sep, 2028	39	$2,354.68	$287.06	$2,641.75	$340,149.28
Oct, 2028	40	$2,352.70	$289.05	$2,641.75	$339,860.23
Nov, 2028	41	$2,350.70	$291.05	$2,641.75	$339,569.18
Dec, 2028	42	$2,348.69	$293.06	$2,641.75	$339,276.12
Jan, 2029	43	$2,346.66	$295.09	$2,641.75	$338,981.04
Feb, 2029	44	$2,344.62	$297.13	$2,641.75	$338,683.91
Mar, 2029	45	$2,342.56	$299.18	$2,641.75	$338,384.73
Apr, 2029	46	$2,340.49	$301.25	$2,641.75	$338,083.48
May, 2029	47	$2,338.41	$303.34	$2,641.75	$337,780.14
Jun, 2029	48	$2,336.31	$305.43	$2,641.75	$337,474.71
Jul, 2029	49	$2,334.20	$307.55	$2,641.75	$337,167.16
Aug, 2029	50	$2,332.07	$309.67	$2,641.75	$336,857.49
Sep, 2029	51	$2,329.93	$311.81	$2,641.75	$336,545.68
Oct, 2029	52	$2,327.77	$313.97	$2,641.75	$336,231.70
Nov, 2029	53	$2,325.60	$316.14	$2,641.75	$335,915.56
Dec, 2029	54	$2,323.42	$318.33	$2,641.75	$335,597.23
Jan, 2030	55	$2,321.21	$320.53	$2,641.75	$335,276.70
Feb, 2030	56	$2,319.00	$322.75	$2,641.75	$334,953.95
Mar, 2030	57	$2,316.76	$324.98	$2,641.75	$334,628.97
Apr, 2030	58	$2,314.52	$327.23	$2,641.75	$334,301.74
May, 2030	59	$2,312.25	$329.49	$2,641.75	$333,972.25
Jun, 2030	60	$2,309.97	$331.77	$2,641.75	$333,640.48
Jul, 2030	61	$2,307.68	$334.07	$2,641.75	$333,306.41
Aug, 2030	62	$2,305.37	$336.38	$2,641.75	$332,970.03
Sep, 2030	63	$2,303.04	$338.70	$2,641.75	$332,631.33
Oct, 2030	64	$2,300.70	$341.05	$2,641.75	$332,290.28
Nov, 2030	65	$2,298.34	$343.40	$2,641.75	$331,946.88
Dec, 2030	66	$2,295.97	$345.78	$2,641.75	$331,601.10
Jan, 2031	67	$2,293.57	$348.17	$2,641.75	$331,252.93
Feb, 2031	68	$2,291.17	$350.58	$2,641.75	$330,902.35
Mar, 2031	69	$2,288.74	$353.00	$2,641.75	$330,549.34
Apr, 2031	70	$2,286.30	$355.45	$2,641.75	$330,193.90
May, 2031	71	$2,283.84	$357.90	$2,641.75	$329,835.99
Jun, 2031	72	$2,281.37	$360.38	$2,641.75	$329,475.61
Jul, 2031	73	$2,278.87	$362.87	$2,641.75	$329,112.74
Aug, 2031	74	$2,276.36	$365.38	$2,641.75	$328,747.36
Sep, 2031	75	$2,273.84	$367.91	$2,641.75	$328,379.45
Oct, 2031	76	$2,271.29	$370.45	$2,641.75	$328,008.99
Nov, 2031	77	$2,268.73	$373.02	$2,641.75	$327,635.98
Dec, 2031	78	$2,266.15	$375.60	$2,641.75	$327,260.38
Jan, 2032	79	$2,263.55	$378.19	$2,641.75	$326,882.18
Feb, 2032	80	$2,260.94	$380.81	$2,641.75	$326,501.37
Mar, 2032	81	$2,258.30	$383.44	$2,641.75	$326,117.93
Apr, 2032	82	$2,255.65	$386.10	$2,641.75	$325,731.83
May, 2032	83	$2,252.98	$388.77	$2,641.75	$325,343.06
Jun, 2032	84	$2,250.29	$391.46	$2,641.75	$324,951.61
Jul, 2032	85	$2,247.58	$394.16	$2,641.75	$324,557.44
Aug, 2032	86	$2,244.86	$396.89	$2,641.75	$324,160.55
Sep, 2032	87	$2,242.11	$399.64	$2,641.75	$323,760.92
Oct, 2032	88	$2,239.35	$402.40	$2,641.75	$323,358.52
Nov, 2032	89	$2,236.56	$405.18	$2,641.75	$322,953.33
Dec, 2032	90	$2,233.76	$407.99	$2,641.75	$322,545.35
Jan, 2033	91	$2,230.94	$410.81	$2,641.75	$322,134.54
Feb, 2033	92	$2,228.10	$413.65	$2,641.75	$321,720.89
Mar, 2033	93	$2,225.24	$416.51	$2,641.75	$321,304.38
Apr, 2033	94	$2,222.36	$419.39	$2,641.75	$320,884.99
May, 2033	95	$2,219.45	$422.29	$2,641.75	$320,462.70
Jun, 2033	96	$2,216.53	$425.21	$2,641.75	$320,037.49
Jul, 2033	97	$2,213.59	$428.15	$2,641.75	$319,609.34
Aug, 2033	98	$2,210.63	$431.11	$2,641.75	$319,178.22
Sep, 2033	99	$2,207.65	$434.10	$2,641.75	$318,744.12
Oct, 2033	100	$2,204.65	$437.10	$2,641.75	$318,307.03
Nov, 2033	101	$2,201.62	$440.12	$2,641.75	$317,866.90
Dec, 2033	102	$2,198.58	$443.17	$2,641.75	$317,423.74
Jan, 2034	103	$2,195.51	$446.23	$2,641.75	$316,977.51
Feb, 2034	104	$2,192.43	$449.32	$2,641.75	$316,528.19
Mar, 2034	105	$2,189.32	$452.43	$2,641.75	$316,075.76
Apr, 2034	106	$2,186.19	$455.56	$2,641.75	$315,620.21
May, 2034	107	$2,183.04	$458.71	$2,641.75	$315,161.50
Jun, 2034	108	$2,179.87	$461.88	$2,641.75	$314,699.62
Jul, 2034	109	$2,176.67	$465.07	$2,641.75	$314,234.55
Aug, 2034	110	$2,173.46	$468.29	$2,641.75	$313,766.26
Sep, 2034	111	$2,170.22	$471.53	$2,641.75	$313,294.73
Oct, 2034	112	$2,166.96	$474.79	$2,641.75	$312,819.94
Nov, 2034	113	$2,163.67	$478.07	$2,641.75	$312,341.86
Dec, 2034	114	$2,160.36	$481.38	$2,641.75	$311,860.48
Jan, 2035	115	$2,157.03	$484.71	$2,641.75	$311,375.77
Feb, 2035	116	$2,153.68	$488.06	$2,641.75	$310,887.71
Mar, 2035	117	$2,150.31	$491.44	$2,641.75	$310,396.27
Apr, 2035	118	$2,146.91	$494.84	$2,641.75	$309,901.43
May, 2035	119	$2,143.48	$498.26	$2,641.75	$309,403.17
Jun, 2035	120	$2,140.04	$501.71	$2,641.75	$308,901.46
Jul, 2035	121	$2,136.57	$505.18	$2,641.75	$308,396.28
Aug, 2035	122	$2,133.07	$508.67	$2,641.75	$307,887.61
Sep, 2035	123	$2,129.56	$512.19	$2,641.75	$307,375.42
Oct, 2035	124	$2,126.01	$515.73	$2,641.75	$306,859.69
Nov, 2035	125	$2,122.45	$519.30	$2,641.75	$306,340.39
Dec, 2035	126	$2,118.85	$522.89	$2,641.75	$305,817.50
Jan, 2036	127	$2,115.24	$526.51	$2,641.75	$305,290.99
Feb, 2036	128	$2,111.60	$530.15	$2,641.75	$304,760.84
Mar, 2036	129	$2,107.93	$533.82	$2,641.75	$304,227.02
Apr, 2036	130	$2,104.24	$537.51	$2,641.75	$303,689.51
May, 2036	131	$2,100.52	$541.23	$2,641.75	$303,148.29
Jun, 2036	132	$2,096.78	$544.97	$2,641.75	$302,603.32
Jul, 2036	133	$2,093.01	$548.74	$2,641.75	$302,054.58
Aug, 2036	134	$2,089.21	$552.54	$2,641.75	$301,502.04
Sep, 2036	135	$2,085.39	$556.36	$2,641.75	$300,945.69
Oct, 2036	136	$2,081.54	$560.20	$2,641.75	$300,385.48
Nov, 2036	137	$2,077.67	$564.08	$2,641.75	$299,821.40
Dec, 2036	138	$2,073.76	$567.98	$2,641.75	$299,253.42
Jan, 2037	139	$2,069.84	$571.91	$2,641.75	$298,681.51
Feb, 2037	140	$2,065.88	$575.87	$2,641.75	$298,105.64
Mar, 2037	141	$2,061.90	$579.85	$2,641.75	$297,525.80
Apr, 2037	142	$2,057.89	$583.86	$2,641.75	$296,941.94
May, 2037	143	$2,053.85	$587.90	$2,641.75	$296,354.04
Jun, 2037	144	$2,049.78	$591.96	$2,641.75	$295,762.08
Jul, 2037	145	$2,045.69	$596.06	$2,641.75	$295,166.02
Aug, 2037	146	$2,041.56	$600.18	$2,641.75	$294,565.84
Sep, 2037	147	$2,037.41	$604.33	$2,641.75	$293,961.50
Oct, 2037	148	$2,033.23	$608.51	$2,641.75	$293,352.99
Nov, 2037	149	$2,029.02	$612.72	$2,641.75	$292,740.27
Dec, 2037	150	$2,024.79	$616.96	$2,641.75	$292,123.31
Jan, 2038	151	$2,020.52	$621.23	$2,641.75	$291,502.09
Feb, 2038	152	$2,016.22	$625.52	$2,641.75	$290,876.56
Mar, 2038	153	$2,011.90	$629.85	$2,641.75	$290,246.71
Apr, 2038	154	$2,007.54	$634.21	$2,641.75	$289,612.51
May, 2038	155	$2,003.15	$638.59	$2,641.75	$288,973.91
Jun, 2038	156	$1,998.74	$643.01	$2,641.75	$288,330.90
Jul, 2038	157	$1,994.29	$647.46	$2,641.75	$287,683.45
Aug, 2038	158	$1,989.81	$651.94	$2,641.75	$287,031.51
Sep, 2038	159	$1,985.30	$656.44	$2,641.75	$286,375.07
Oct, 2038	160	$1,980.76	$660.99	$2,641.75	$285,714.08
Nov, 2038	161	$1,976.19	$665.56	$2,641.75	$285,048.52
Dec, 2038	162	$1,971.59	$670.16	$2,641.75	$284,378.36
Jan, 2039	163	$1,966.95	$674.80	$2,641.75	$283,703.57
Feb, 2039	164	$1,962.28	$679.46	$2,641.75	$283,024.11
Mar, 2039	165	$1,957.58	$684.16	$2,641.75	$282,339.94
Apr, 2039	166	$1,952.85	$688.89	$2,641.75	$281,651.05
May, 2039	167	$1,948.09	$693.66	$2,641.75	$280,957.39
Jun, 2039	168	$1,943.29	$698.46	$2,641.75	$280,258.93
Jul, 2039	169	$1,938.46	$703.29	$2,641.75	$279,555.64
Aug, 2039	170	$1,933.59	$708.15	$2,641.75	$278,847.49
Sep, 2039	171	$1,928.70	$713.05	$2,641.75	$278,134.44
Oct, 2039	172	$1,923.76	$717.98	$2,641.75	$277,416.46
Nov, 2039	173	$1,918.80	$722.95	$2,641.75	$276,693.51
Dec, 2039	174	$1,913.80	$727.95	$2,641.75	$275,965.56
Jan, 2040	175	$1,908.76	$732.98	$2,641.75	$275,232.58
Feb, 2040	176	$1,903.69	$738.05	$2,641.75	$274,494.52
Mar, 2040	177	$1,898.59	$743.16	$2,641.75	$273,751.36
Apr, 2040	178	$1,893.45	$748.30	$2,641.75	$273,003.06
May, 2040	179	$1,888.27	$753.47	$2,641.75	$272,249.59
Jun, 2040	180	$1,883.06	$758.69	$2,641.75	$271,490.90
Jul, 2040	181	$1,877.81	$763.93	$2,641.75	$270,726.97
Aug, 2040	182	$1,872.53	$769.22	$2,641.75	$269,957.75
Sep, 2040	183	$1,867.21	$774.54	$2,641.75	$269,183.21
Oct, 2040	184	$1,861.85	$779.90	$2,641.75	$268,403.32
Nov, 2040	185	$1,856.46	$785.29	$2,641.75	$267,618.03
Dec, 2040	186	$1,851.02	$790.72	$2,641.75	$266,827.31
Jan, 2041	187	$1,845.56	$796.19	$2,641.75	$266,031.12
Feb, 2041	188	$1,840.05	$801.70	$2,641.75	$265,229.42
Mar, 2041	189	$1,834.50	$807.24	$2,641.75	$264,422.18
Apr, 2041	190	$1,828.92	$812.83	$2,641.75	$263,609.35
May, 2041	191	$1,823.30	$818.45	$2,641.75	$262,790.90
Jun, 2041	192	$1,817.64	$824.11	$2,641.75	$261,966.79
Jul, 2041	193	$1,811.94	$829.81	$2,641.75	$261,136.99
Aug, 2041	194	$1,806.20	$835.55	$2,641.75	$260,301.44
Sep, 2041	195	$1,800.42	$841.33	$2,641.75	$259,460.11
Oct, 2041	196	$1,794.60	$847.15	$2,641.75	$258,612.96
Nov, 2041	197	$1,788.74	$853.01	$2,641.75	$257,759.96
Dec, 2041	198	$1,782.84	$858.91	$2,641.75	$256,901.05
Jan, 2042	199	$1,776.90	$864.85	$2,641.75	$256,036.20
Feb, 2042	200	$1,770.92	$870.83	$2,641.75	$255,165.37
Mar, 2042	201	$1,764.89	$876.85	$2,641.75	$254,288.52
Apr, 2042	202	$1,758.83	$882.92	$2,641.75	$253,405.61
May, 2042	203	$1,752.72	$889.02	$2,641.75	$252,516.58
Jun, 2042	204	$1,746.57	$895.17	$2,641.75	$251,621.41
Jul, 2042	205	$1,740.38	$901.36	$2,641.75	$250,720.04
Aug, 2042	206	$1,734.15	$907.60	$2,641.75	$249,812.44
Sep, 2042	207	$1,727.87	$913.88	$2,641.75	$248,898.57
Oct, 2042	208	$1,721.55	$920.20	$2,641.75	$247,978.37
Nov, 2042	209	$1,715.18	$926.56	$2,641.75	$247,051.81
Dec, 2042	210	$1,708.78	$932.97	$2,641.75	$246,118.84
Jan, 2043	211	$1,702.32	$939.42	$2,641.75	$245,179.41
Feb, 2043	212	$1,695.82	$945.92	$2,641.75	$244,233.49
Mar, 2043	213	$1,689.28	$952.46	$2,641.75	$243,281.03
Apr, 2043	214	$1,682.69	$959.05	$2,641.75	$242,321.98
May, 2043	215	$1,676.06	$965.69	$2,641.75	$241,356.29
Jun, 2043	216	$1,669.38	$972.36	$2,641.75	$240,383.93
Jul, 2043	217	$1,662.66	$979.09	$2,641.75	$239,404.83
Aug, 2043	218	$1,655.88	$985.86	$2,641.75	$238,418.97
Sep, 2043	219	$1,649.06	$992.68	$2,641.75	$237,426.29
Oct, 2043	220	$1,642.20	$999.55	$2,641.75	$236,426.74
Nov, 2043	221	$1,635.28	$1,006.46	$2,641.75	$235,420.28
Dec, 2043	222	$1,628.32	$1,013.42	$2,641.75	$234,406.86
Jan, 2044	223	$1,621.31	$1,020.43	$2,641.75	$233,386.43
Feb, 2044	224	$1,614.26	$1,027.49	$2,641.75	$232,358.94
Mar, 2044	225	$1,607.15	$1,034.60	$2,641.75	$231,324.34
Apr, 2044	226	$1,599.99	$1,041.75	$2,641.75	$230,282.59
May, 2044	227	$1,592.79	$1,048.96	$2,641.75	$229,233.63
Jun, 2044	228	$1,585.53	$1,056.21	$2,641.75	$228,177.42
Jul, 2044	229	$1,578.23	$1,063.52	$2,641.75	$227,113.90
Aug, 2044	230	$1,570.87	$1,070.87	$2,641.75	$226,043.02
Sep, 2044	231	$1,563.46	$1,078.28	$2,641.75	$224,964.74
Oct, 2044	232	$1,556.01	$1,085.74	$2,641.75	$223,879.00
Nov, 2044	233	$1,548.50	$1,093.25	$2,641.75	$222,785.75
Dec, 2044	234	$1,540.93	$1,100.81	$2,641.75	$221,684.94
Jan, 2045	235	$1,533.32	$1,108.43	$2,641.75	$220,576.52
Feb, 2045	236	$1,525.65	$1,116.09	$2,641.75	$219,460.43
Mar, 2045	237	$1,517.93	$1,123.81	$2,641.75	$218,336.61
Apr, 2045	238	$1,510.16	$1,131.58	$2,641.75	$217,205.03
May, 2045	239	$1,502.33	$1,139.41	$2,641.75	$216,065.62
Jun, 2045	240	$1,494.45	$1,147.29	$2,641.75	$214,918.33
Jul, 2045	241	$1,486.52	$1,155.23	$2,641.75	$213,763.10
Aug, 2045	242	$1,478.53	$1,163.22	$2,641.75	$212,599.88
Sep, 2045	243	$1,470.48	$1,171.26	$2,641.75	$211,428.62
Oct, 2045	244	$1,462.38	$1,179.36	$2,641.75	$210,249.25
Nov, 2045	245	$1,454.22	$1,187.52	$2,641.75	$209,061.73
Dec, 2045	246	$1,446.01	$1,195.74	$2,641.75	$207,866.00
Jan, 2046	247	$1,437.74	$1,204.01	$2,641.75	$206,661.99
Feb, 2046	248	$1,429.41	$1,212.33	$2,641.75	$205,449.66
Mar, 2046	249	$1,421.03	$1,220.72	$2,641.75	$204,228.94
Apr, 2046	250	$1,412.58	$1,229.16	$2,641.75	$202,999.78
May, 2046	251	$1,404.08	$1,237.66	$2,641.75	$201,762.11
Jun, 2046	252	$1,395.52	$1,246.22	$2,641.75	$200,515.89
Jul, 2046	253	$1,386.90	$1,254.84	$2,641.75	$199,261.04
Aug, 2046	254	$1,378.22	$1,263.52	$2,641.75	$197,997.52
Sep, 2046	255	$1,369.48	$1,272.26	$2,641.75	$196,725.26
Oct, 2046	256	$1,360.68	$1,281.06	$2,641.75	$195,444.19
Nov, 2046	257	$1,351.82	$1,289.92	$2,641.75	$194,154.27
Dec, 2046	258	$1,342.90	$1,298.85	$2,641.75	$192,855.42
Jan, 2047	259	$1,333.92	$1,307.83	$2,641.75	$191,547.59
Feb, 2047	260	$1,324.87	$1,316.88	$2,641.75	$190,230.72
Mar, 2047	261	$1,315.76	$1,325.98	$2,641.75	$188,904.74
Apr, 2047	262	$1,306.59	$1,335.15	$2,641.75	$187,569.58
May, 2047	263	$1,297.36	$1,344.39	$2,641.75	$186,225.19
Jun, 2047	264	$1,288.06	$1,353.69	$2,641.75	$184,871.50
Jul, 2047	265	$1,278.69	$1,363.05	$2,641.75	$183,508.45
Aug, 2047	266	$1,269.27	$1,372.48	$2,641.75	$182,135.97
Sep, 2047	267	$1,259.77	$1,381.97	$2,641.75	$180,754.00
Oct, 2047	268	$1,250.22	$1,391.53	$2,641.75	$179,362.47
Nov, 2047	269	$1,240.59	$1,401.16	$2,641.75	$177,961.31
Dec, 2047	270	$1,230.90	$1,410.85	$2,641.75	$176,550.47
Jan, 2048	271	$1,221.14	$1,420.61	$2,641.75	$175,129.86
Feb, 2048	272	$1,211.31	$1,430.43	$2,641.75	$173,699.43
Mar, 2048	273	$1,201.42	$1,440.32	$2,641.75	$172,259.11
Apr, 2048	274	$1,191.46	$1,450.29	$2,641.75	$170,808.82
May, 2048	275	$1,181.43	$1,460.32	$2,641.75	$169,348.50
Jun, 2048	276	$1,171.33	$1,470.42	$2,641.75	$167,878.08
Jul, 2048	277	$1,161.16	$1,480.59	$2,641.75	$166,397.49
Aug, 2048	278	$1,150.92	$1,490.83	$2,641.75	$164,906.66
Sep, 2048	279	$1,140.60	$1,501.14	$2,641.75	$163,405.52
Oct, 2048	280	$1,130.22	$1,511.52	$2,641.75	$161,894.00
Nov, 2048	281	$1,119.77	$1,521.98	$2,641.75	$160,372.02
Dec, 2048	282	$1,109.24	$1,532.51	$2,641.75	$158,839.51
Jan, 2049	283	$1,098.64	$1,543.11	$2,641.75	$157,296.41
Feb, 2049	284	$1,087.97	$1,553.78	$2,641.75	$155,742.63
Mar, 2049	285	$1,077.22	$1,564.53	$2,641.75	$154,178.10
Apr, 2049	286	$1,066.40	$1,575.35	$2,641.75	$152,602.75
May, 2049	287	$1,055.50	$1,586.24	$2,641.75	$151,016.51
Jun, 2049	288	$1,044.53	$1,597.22	$2,641.75	$149,419.29
Jul, 2049	289	$1,033.48	$1,608.26	$2,641.75	$147,811.03
Aug, 2049	290	$1,022.36	$1,619.39	$2,641.75	$146,191.65
Sep, 2049	291	$1,011.16	$1,630.59	$2,641.75	$144,561.06
Oct, 2049	292	$999.88	$1,641.87	$2,641.75	$142,919.19
Nov, 2049	293	$988.52	$1,653.22	$2,641.75	$141,265.97
Dec, 2049	294	$977.09	$1,664.66	$2,641.75	$139,601.32
Jan, 2050	295	$965.58	$1,676.17	$2,641.75	$137,925.15
Feb, 2050	296	$953.98	$1,687.76	$2,641.75	$136,237.38
Mar, 2050	297	$942.31	$1,699.44	$2,641.75	$134,537.94
Apr, 2050	298	$930.55	$1,711.19	$2,641.75	$132,826.75
May, 2050	299	$918.72	$1,723.03	$2,641.75	$131,103.73
Jun, 2050	300	$906.80	$1,734.95	$2,641.75	$129,368.78
Jul, 2050	301	$894.80	$1,746.95	$2,641.75	$127,621.83
Aug, 2050	302	$882.72	$1,759.03	$2,641.75	$125,862.81
Sep, 2050	303	$870.55	$1,771.19	$2,641.75	$124,091.61
Oct, 2050	304	$858.30	$1,783.45	$2,641.75	$122,308.17
Nov, 2050	305	$845.96	$1,795.78	$2,641.75	$120,512.39
Dec, 2050	306	$833.54	$1,808.20	$2,641.75	$118,704.18
Jan, 2051	307	$821.04	$1,820.71	$2,641.75	$116,883.47
Feb, 2051	308	$808.44	$1,833.30	$2,641.75	$115,050.17
Mar, 2051	309	$795.76	$1,845.98	$2,641.75	$113,204.19
Apr, 2051	310	$783.00	$1,858.75	$2,641.75	$111,345.44
May, 2051	311	$770.14	$1,871.61	$2,641.75	$109,473.83
Jun, 2051	312	$757.19	$1,884.55	$2,641.75	$107,589.28
Jul, 2051	313	$744.16	$1,897.59	$2,641.75	$105,691.69
Aug, 2051	314	$731.03	$1,910.71	$2,641.75	$103,780.98
Sep, 2051	315	$717.82	$1,923.93	$2,641.75	$101,857.06
Oct, 2051	316	$704.51	$1,937.23	$2,641.75	$99,919.82
Nov, 2051	317	$691.11	$1,950.63	$2,641.75	$97,969.19
Dec, 2051	318	$677.62	$1,964.13	$2,641.75	$96,005.06
Jan, 2052	319	$664.04	$1,977.71	$2,641.75	$94,027.35
Feb, 2052	320	$650.36	$1,991.39	$2,641.75	$92,035.96
Mar, 2052	321	$636.58	$2,005.16	$2,641.75	$90,030.80
Apr, 2052	322	$622.71	$2,019.03	$2,641.75	$88,011.76
May, 2052	323	$608.75	$2,033.00	$2,641.75	$85,978.77
Jun, 2052	324	$594.69	$2,047.06	$2,641.75	$83,931.71
Jul, 2052	325	$580.53	$2,061.22	$2,641.75	$81,870.49
Aug, 2052	326	$566.27	$2,075.48	$2,641.75	$79,795.01
Sep, 2052	327	$551.92	$2,089.83	$2,641.75	$77,705.18
Oct, 2052	328	$537.46	$2,104.29	$2,641.75	$75,600.90
Nov, 2052	329	$522.91	$2,118.84	$2,641.75	$73,482.06
Dec, 2052	330	$508.25	$2,133.50	$2,641.75	$71,348.56
Jan, 2053	331	$493.49	$2,148.25	$2,641.75	$69,200.31
Feb, 2053	332	$478.64	$2,163.11	$2,641.75	$67,037.20
Mar, 2053	333	$463.67	$2,178.07	$2,641.75	$64,859.13
Apr, 2053	334	$448.61	$2,193.14	$2,641.75	$62,665.99
May, 2053	335	$433.44	$2,208.31	$2,641.75	$60,457.69
Jun, 2053	336	$418.17	$2,223.58	$2,641.75	$58,234.11
Jul, 2053	337	$402.79	$2,238.96	$2,641.75	$55,995.15
Aug, 2053	338	$387.30	$2,254.45	$2,641.75	$53,740.70
Sep, 2053	339	$371.71	$2,270.04	$2,641.75	$51,470.66
Oct, 2053	340	$356.01	$2,285.74	$2,641.75	$49,184.92
Nov, 2053	341	$340.20	$2,301.55	$2,641.75	$46,883.37
Dec, 2053	342	$324.28	$2,317.47	$2,641.75	$44,565.90
Jan, 2054	343	$308.25	$2,333.50	$2,641.75	$42,232.40
Feb, 2054	344	$292.11	$2,349.64	$2,641.75	$39,882.76
Mar, 2054	345	$275.86	$2,365.89	$2,641.75	$37,516.87
Apr, 2054	346	$259.49	$2,382.25	$2,641.75	$35,134.62
May, 2054	347	$243.01	$2,398.73	$2,641.75	$32,735.89
Jun, 2054	348	$226.42	$2,415.32	$2,641.75	$30,320.56
Jul, 2054	349	$209.72	$2,432.03	$2,641.75	$27,888.54
Aug, 2054	350	$192.90	$2,448.85	$2,641.75	$25,439.69
Sep, 2054	351	$175.96	$2,465.79	$2,641.75	$22,973.90
Oct, 2054	352	$158.90	$2,482.84	$2,641.75	$20,491.05
Nov, 2054	353	$141.73	$2,500.02	$2,641.75	$17,991.04
Dec, 2054	354	$124.44	$2,517.31	$2,641.75	$15,473.73
Jan, 2055	355	$107.03	$2,534.72	$2,641.75	$12,939.01
Feb, 2055	356	$89.49	$2,552.25	$2,641.75	$10,386.76
Mar, 2055	357	$71.84	$2,569.90	$2,641.75	$7,816.86
Apr, 2055	358	$54.07	$2,587.68	$2,641.75	$5,229.18
May, 2055	359	$36.17	$2,605.58	$2,641.75	$2,623.60
Jun, 2055	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.

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

Amortization Schedule