Land Loan Calculator
Free land loan calculator for farm, ranch, and rural land buyers — estimate your monthly payment, amortization, loan-to-value, and balloon balance. Educational estimates only; not a loan offer.
1. The Land
2. Your Contribution
Down: $100,000 (25.0% of price)
Value of other land or property you'd pledge as additional collateral. May lower your effective loan-to-value.
3. Estimated Loan Terms
For estimation purposes only. These are illustrative rates you select — not a quote, not an offer, and not tied to any market, index, or lender. Your actual rate is determined solely by a lender.
Ag loans are often structured around seasonal income — choose the schedule that matches your operation.
4. Advanced Options▾
Applied once per year, in addition to your regular payments. Reduces interest and shortens payoff.
Estimated Payment
$2,509.32/ month (estimated)
Estimated annual debt service: $30,112
- Loan Amount Financed
- $300,000
- Down Payment
- $100,000 (25.0%)
- Loan-to-Value (purchase)
- 75.0%
- Price per Acre
- $5,000.00
- Total of Payments (full term)
- $602,237
- Total Interest (full term)
- $302,237
Ready to turn this estimate into real options?
A payment estimate is just the starting point. When you're ready, we'll help you get GETTING LENDER-READY™ — organizing your information so it can be presented cleanly to agricultural lenders.
How to use the Land Loan Calculator
This free land loan calculator helps farmers, ranchers, and rural buyers estimate the monthly principal-and-interest payment on a farm, ranch, timber, recreational, or raw land purchase. Enter the purchase price, your down payment (as a dollar amount or percent), an interest rate you have heard from a lender or local Farm Credit office, and the loan term in years. The calculator instantly returns an estimated monthly payment, total interest over the life of the loan, and your current loan-to-value (LTV).
Land loans typically require larger down payments than home mortgages — often 20% to 35% — and frequently use a balloon structure where the loan is amortized over 20-30 years but the remaining balance is due at a shorter milestone (commonly year 5, 7, 10, or 15). Toggle on the balloon option to see your estimated balloon balance on the payoff date so you can plan to refinance, sell, or pay it down.
If you plan to make additional principal payments, enter an extra annual principal amount to see how much interest you can save and how many years sooner the loan could be paid off. Expand the amortization schedule to view a year-by-year or payment-by-payment breakdown of interest and principal.
Use this ag land payment calculator to compare scenarios before you talk with a lender: different down payments, terms, rates, or balloon structures. The output is an estimate based on the assumptions you choose — it is not a quote, an approval, or a commitment to lend.
Land Loan Calculator FAQ
Common questions about estimating payments on farm, ranch, and rural land loans.
How does a land loan calculator work?
A land loan calculator uses your purchase price, down payment, interest rate, and loan term to estimate your monthly principal-and-interest payment using a standard amortization formula. It can also project loan-to-value (LTV), remaining balance at a balloon date, and the interest you would save by adding extra principal each year. It does not include taxes, insurance, closing costs, or lender fees.
What is a typical down payment for a land loan?
Down payments on raw or agricultural land are commonly 20% to 35%, and can be higher for recreational or undeveloped tracts. Lenders look at LTV, the borrower's experience, the land's productive use, and overall credit profile when setting the required down payment.
What interest rate should I use in the calculator?
Use a rate that reflects current ag and land lending conditions for your region and credit profile — typically a range you have heard from a lender or local Farm Credit office. The rate field in this calculator is an assumption you choose for estimation; it is not a quote.
What loan term is common for land loans?
Land and farm real estate loans often use 15, 20, 25, or 30-year amortization schedules. Some loans fully amortize, while others use a shorter balloon (for example, a 7-, 10-, or 15-year balloon amortized over 25 or 30 years).
What is a balloon payment on a land loan?
A balloon is a one-time payoff of the remaining balance at a set date before the loan would otherwise fully amortize. The calculator's balloon field shows the estimated balance you would owe on that date so you can plan to refinance, sell, or pay it off.
How does making extra principal payments save interest?
Extra principal reduces the balance the lender charges interest on, so future interest accruals shrink and the loan pays off sooner. The 'extra annual principal' field in the calculator estimates the interest saved and shortened payoff compared to the baseline schedule.
Does this calculator include taxes, insurance, or closing costs?
No. The estimated payment is principal and interest only. Property taxes, hazard or crop insurance, title, appraisal, survey, recording, and lender fees are not included and can meaningfully change your true monthly and total cost.
Is this a loan offer or rate quote?
No. LandLoan.ai is an educational resource. This calculator does not deliver a quote, approval, pre-approval, or any commitment to lend. Your actual loan amount, rate, term, payment, and availability are determined solely by a lender based on its own underwriting.