How to use Land Loan Calculator

1. Access the Calculator:

• Open the HTML file in any modern web browser
• You’ll see a clean interface with input fields and a calculate button

2. Enter Loan Details:

• Land Price: Enter total property cost (e.g., 100000)
• Down Payment: Input your upfront payment (e.g., 20000)
• Loan Term: Choose repayment period in years (15-30 typical)
• Interest Rate: Enter annual rate (e.g., 5.5 for 5.5%)

3. Calculate Results:

• Click the blue “Calculate Loan” button
• Results will appear below with:
  • Loan Amount (Price – Down Payment)
  • Monthly Payment
  • Total Interest Paid
  • Total Overall Cost
  • Year-by-Year Amortization Schedule

4. Read the Amortization Table:

• Year: Payment year
• Principal: Yearly principal paid
• Interest: Yearly interest paid
• Balance: Remaining loan balance

5. Modify and Recalculate:

• Change any input value
• Click Calculate again for updated results

Important Notes:

• All currency values formatted with $ and commas
• Interest calculations use standard amortization formulas
• Table shows annual summaries (not monthly details)
• Mobile-responsive design works on all devices
• Negative values will show error alerts
• Decimal values allowed for interest rates

Example Scenario:

1. Land Price: $250,000
2. Down Payment: $50,000
3. Loan Term: 20 years
4. Interest Rate: 6.25%
5. Click Calculate to see:
   • Loan Amount: $200,000
   • Monthly Payment: $1,467.53
   • Total Interest: $152,206.79
   • Total Cost: $402,206.79

Tips:

• Use tab key to navigate between fields
• Hover over table rows to highlight them
• Results automatically round to nearest cent
• The calculator assumes fixed interest rates
• Does not include taxes or insurance costs