Progress Payments Calculator - Home Construction

Do not use commas or symbols - numbers only!
Value of Home: $  required  
Interest Rate:    %       required (max 2 decimal places)
Your Deposit: $  required
           

 
           

New Home Construction Progress Payments for - build only
      Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10
* NOTE: Percentages below based on Industry Standard progress payments to the builder & may be changed by user to suit your circumstances!
Deposit:  5% * % $ $ $ $ $ $ $ $ $ $ $
Base (Slab): 10% * % $         $ $ $ $ $ $
Frame Complete: 15% * % $           $ $ $ $ $
Brickwork Complete: 35% * % $             $ $ $ $
Fixing: 25% * % $                 $ $
Practical Completion: 10% * % $                   $
Total: 100% % 1 $ 2 $ $ $ $ $ $ $ $ $ $
 If you change percentages NOTE -   1 Must total 100%     2 Must equal 'Value of Home' above to be accurate          

        Total Progress Payment Interest: $

Notes
Building Contract signed at outset on 5% deposit. Month 1 - 4 allows for plan preparation (drawing), approvals and materials ordering by builder. Slab is poured in month 4 or month 5.
Progress Payment percentages vary from State and builder to builder - change percentages in RED to suit your circumstances.
This calculator is based on general industry standards
 

This calculator is to be used as an indicative guide only and we advise seeking professional advice that suits your circumstances.