Construction interest
Estimate the interest during a build, drawn in stages. No upper limits.
Example figures are filled in. Replace them with your own.
Interest during the build
$39,271
- On the land loan
- $21,667
- On construction draws
- $17,604
- Monthly interest once fully drawn
- $5,688
- Monthly repayment after completion
- $6,637
Assumes the construction loan is drawn evenly, so about half is outstanding on average during the build. Some lenders add this interest to the loan; others ask you to pay it monthly.
Everyone's situation is different. These figures are a starting point. An adviser can run a personalised calculation with your real numbers and current lender policies.
Results are estimates for planning, using standard loan maths, and should be used as a guide only. They assume rates stay the same and leave out fees you haven't entered. They are not an offer or approval of finance, and not financial advice.
Related calculators
Development feasibility
Test costs, end value, margin and how much a lender might fund.
Calculate nowRepayingLoan repayments
Work out your repayments and the total interest over the life of the loan.
Calculate nowHome buyingBorrowing power
Estimate how much you could borrow, the way lenders test it.
Calculate nowWant numbers built around you?
Everyone's situation is unique. An adviser can run a personalised calculation with your real figures.