Size a new home construction loan

Enter the project numbers and the worksheet fills itself in — interest reserves, acquisition cost, loan to cost and value, and the cash your borrower brings to closing.

Loan terms

Borrower / project

Estimated interest rate

Construction term

months

Max LTC

Max LTV

Project costs

1. Total cost to construct (A)Hard and soft costs for the build.2. Lot value / cost (B)Lot is owned free & clearUncheck to enter the balance still owed on the lot.4. Closing costs (D)

Value

Appraised value when completeAs-completed appraised value of the finished home.Set the loan amount manuallyUse when the approved amount differs from the calculated maximum.