Land Loan Calculators
We do the math so you don't have to.
Free, simple calculators for farmland, ranch land and rural land. Pick one to get started.
How it works
- 1. Pick a calculator
- 2. Enter your numbers
- 3. See your results
Free to use. No sign-up.
About the site
LandLoanCalculators.com is a free set of calculators for anyone buying, refinancing or planning for farmland, ranch land or rural land. Every result comes from the numbers you enter, so you can test ideas quickly and walk into a conversation with your lender prepared. LandLoanCalculators.com is a free resource from AgLoans.com.
Land Loan Calculator
Start here to estimate payments, total interest and a full schedule for a land purchase.
Your numbers
Change to match your situation.
That's $0 in cash.
Loan amount
$1,000,000
Your purchase price minus your down payment.
Rates come from your lender, so enter the rate from your quote.
About the land (optional)
More options
Add a date to see your payoff date and dates on your schedule.
Your inputs
- Purchase price
- $1,000,000
- Loan amount
- $1,000,000
- Interest rate
- Not entered
- Loan length
- 30 years
- Payment frequency
- Monthly
Add your interest rate to see your payment.
Your numbers at a glance
- Down payment
- 0.00% ($0)
- Loan-to-value (your numbers)
- 100.00%
Loan-to-value: The loan amount as a share of the purchase price. Each lender sets its own limits.
Planning a loan of $500,000 or more on farmland or ranch land? We'd be glad to help.
AgLoans.com helps farm families prepare a clear, lender-ready package for requests of $500,000 to $25 million secured by agricultural real estate. Starting an inquiry doesn't pull your credit. A credit check comes later in the process, and only after you check the box that authorizes it.
Prefer a person? Call 913-608-7245 or email info@agloans.com. We typically respond within one business day.
LandLoanCalculators.com — a free resource from AgLoans.com
Estimates only. Results depend on the numbers you enter and are not a loan offer, rate quote, approval, or commitment to lend. AgLoans.com is not a lender and does not make loans or credit decisions.
How to use this calculator
- Enter the purchase price of the land you are looking at. You can slide the bar or type the number, and shorthand like 1.5M works.
- Set your down payment. Move the percent slider or type the cash amount, and the loan amount updates for you.
- Type the interest rate from your lender's quote. Your payment appears as soon as you do. No quote yet? Open Try a range of rates and test two numbers.
- Choose how many years your payments are spread over, then pick how often you pay: annual, semi-annual, quarterly or monthly.
- Open More options to add extra principal, a first payment date, or the yearly income the land brings in.
How the math works
A land loan payment has two parts. Part of every payment is interest on the money you still owe. The rest goes to the balance, which lenders call principal. Early on, more of the payment is interest, because the balance is large. As the balance comes down, more of each payment goes to principal.
This calculator uses the standard level payment formula. It takes the loan amount, the rate for one period, and the number of payments, and solves for the one payment amount that pays the loan off exactly on the last payment. In words: the payment equals the loan amount times the periodic rate, divided by one minus one plus the periodic rate raised to the negative number of payments.
The periodic rate is the yearly rate divided by the number of payments in a year. On an annual schedule that is the yearly rate itself. On a monthly schedule it is the yearly rate divided by twelve. The number of payments is the loan length in years times the payments per year. Spreading payments over more years, which lenders call amortization, makes each payment smaller and the total interest larger.
If you add extra principal, the math changes each period. We figure the interest on the balance, subtract it from your payment plus the extra, and put the difference against the balance. That shrinks the balance faster, so the loan finishes early and the interest total drops.
A worked example
Say you are looking at a tract priced at $1,000,000 and you plan to put 20% down. That is $200,000 in cash, which leaves a loan of $800,000.
You want the payments spread over 30 years, paid monthly. The only piece left is the rate, and that comes from your lender.
Add a rate above to see this example worked out
Good to know
The payment shown here is principal and interest only. Your real cost of owning land also includes property taxes, insurance and upkeep. Many buyers also set money aside for fence, water, drainage or seeding work in the first year or two.
Closing costs sit outside the payment too. An appraisal, a title search, recording fees and a survey are common on a land purchase. Your lender can tell you which ones apply to your deal and whether any of them can be rolled into the loan.
Some lenders figure interest on a daily basis rather than in even periods. When they do, the actual amount of interest in a payment moves a little with the number of days in the period. That is why your statement may differ from this schedule by a small amount even when the rate and the balance match.
The lender writes the final terms. The rate, the loan length, the payment schedule and any balloon date all come from your loan documents. Use these numbers to plan and to compare, then check them against the quote you receive.
If the land brings in cash rent or a lease payment, add it under More options. Seeing the net yearly cost after that income often changes how a tract looks.
Common questions about land loans
What is a land loan?
A land loan is a loan used to buy land, such as farmland, ranch land or rural acreage, with the land itself securing the loan. You repay it over a set number of years with interest. The calculator above shows what those payments could look like for the numbers you enter.
How does a land loan work?
You pay part of the price as a down payment, borrow the rest, and repay the loan with regular payments that cover interest and principal. Payments can be monthly, quarterly, semi-annual or annual, depending on the loan. The lender sets the actual rate, loan length and schedule.
How do you get a loan to buy land?
Land can be financed much like other real estate. Start by running your numbers so you know the payment you're comfortable with. Then gather your documents, such as tax returns, a balance sheet and details on the property, and talk with lenders. Each lender sets its own requirements. AgLoans.com helps farm families prepare a clear, lender-ready package for requests of $500,000 to $25 million secured by agricultural real estate.
What kind of loan do you need to buy land?
Land is usually financed with a loan made for land or agricultural real estate rather than a standard home mortgage. The right fit depends on the land, how it will be used and your finances, and the lender decides what it can offer. Whatever the loan, the calculator shows the payment for the amount, rate and length you enter.
How is a land loan payment calculated?
Payment = loan amount × r ÷ (1 − (1 + r)^−n), where r is the annual rate divided by the number of payments per year and n is the total number of payments. Enter your numbers above and the calculator does the math, along with the total interest and a full schedule.
What is an amortization schedule?
An amortization schedule is a table showing every payment on a loan, split into interest and principal, with the balance left after each one. Early payments are mostly interest and later payments are mostly principal. The calculator builds the full schedule for your numbers.
How long can you finance land?
Your lender sets the loan length for your situation. To see how the length changes your payment and total interest, move the loan length slider (1 to 40 years) and compare.
What affects the interest rate on a land loan?
Lenders set rates loan by loan, based on things like fixed or variable pricing, how long a rate is fixed, the loan size and structure, the land, your finances and the wider market. Rates you see published or advertised are often starting points, and lenders typically add a margin, so a quote can differ. Enter the rate from your quote, or try a range of rates.
Can you use land as collateral for a loan?
Yes, land is commonly used as collateral, which means it secures the loan. That applies to many land purchases and to some refinances and lines of credit on agricultural real estate. The lender decides how much it will lend against the land.
Related calculators
- Farm Loan Calculator — Annual, semi-annual, quarterly or monthly farm and ranch payments.
- Balloon Payment Calculator — Your regular payment and the balance due on the balloon date.
- Price Per Acre Calculator — Price per acre, total price or acres from any two numbers.
- How Much Land Can I Afford? — Start from a yearly payment and work back to loan, price and acres.
Reviewed September 2026 by the AgLoans.com team