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In order to determine the monthly payment on a loan, plug in your estimated project cost figures, cash down payment, interest rate percentage and loan maturity. The calculator will automatically add 5% to the cost of your land and building project for "soft costs" which includes such items as an appraisal, environmental approval, a survey, architect and engineering fees, and interest on an interim loan, if one is needed.
This calculator merely provides a monthly installment payment. It is not a guarantee that you'll receive a loan or that the interest rate and loan maturities you request are available at the time of application.
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