Amortization Schedule


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 Amortization Calculator

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

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

Land Contract Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
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 Vs. Home Equity Loan

Land Contract Mortgage
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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