Finance Tools

Farm Mortgage Calculator

Estimate farm mortgage monthly payment with optional down payment, PMI, property tax, and insurance. Shows principal & interest and an all-in monthly estimate.

This farm mortgage calculator estimates monthly principal + interest payments and can also show an all-in monthly estimate by including optional costs like PMI, property tax, and insurance. This matches how many borrowers evaluate rural or farm property mortgages.

Down payment
Tip: Farm/rural mortgages may require higher down payments than standard home loans.

Optional: all-in monthly estimate

Monthly payment (P&I): —

Loan amount: —

Down payment: —

Total interest: —

Total paid (principal + interest): —

All-in monthly (optional)

PMI: —

Property tax (monthly): —

Insurance (monthly): —

All-in monthly estimate: —

Note: “All-in” is an estimate to help budgeting. Lender escrows and local tax rates vary.

How this calculator works

  • Loan amount = purchase price − down payment
  • Monthly P&I uses standard amortization math (fixed-rate)
  • Optional all-in monthly adds PMI + taxes + insurance

Frequently asked questions

Does a farm mortgage include land and buildings?
Often yes, but it depends on the lender and property type. Use the full purchase price when estimating.

Is PMI always required?
Not always. PMI is often tied to loan-to-value (LTV). If your down payment is large, PMI may not apply.

Is this accurate for variable-rate loans?
No. This assumes a fixed rate. Variable-rate loans require scenario modeling.

How to use this farm mortgage calculator

  1. Enter the farm property purchase price or loan amount.
  2. Optionally enter down payment (amount or %).
  3. Enter the annual interest rate (APR) and term in years.
  4. Optionally include PMI, property tax, and insurance for an all-in monthly estimate.

Example

Estimating a farm mortgage with optional all-in costs:

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