Estimate your payment
Use the calculator below to estimate the monthly principal and interest payment on a new construction loan. Adjust the loan amount, rate, and term to see how each one moves your payment.
Keep in mind that your full monthly payment also includes property taxes, homeowners insurance, and — depending on the program — mortgage insurance. For an exact, all-in payment quote based on today’s wholesale pricing, call (916) 624-0767 or start an application online.
Want an exact payment based on today's wholesale pricing? Talk to a licensed loan officer.
Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.
Questions
The loan funds your build in inspected draws while you pay interest only on the amount drawn. On a one-time close, it converts automatically to your permanent mortgage when the home is finished — one application, one closing, one set of fees.
A single loan and single closing that covers both construction and the permanent mortgage. It locks your permanent terms up front and avoids the cost and requalification risk of a second closing.
Yes — and it usually helps. Your lot equity typically counts toward the down payment, which can dramatically reduce the cash you need at closing.
Generally 640–680+ for conventional one-time close programs, with FHA and VA new construction options available at lower scores for qualified borrowers.
Expect roughly 30–45 days to close before the build starts, then a 6–12 month construction period depending on the home, your builder, and local permitting.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.