Use this home improvement loan calculator to see what your monthly payments might be. Just input how much money you want to borrow, for how long, and the interest rate to see your results.
If you looking to take out a home improvement loan to upgrade your home, improve your kitchen, or to make other changes to your home to increase its comfort and value, you might be wondering how much will your monthly payments be?
Use this home improvement to see how your monthly payments are impacted by different loan amounts, loan terms, and interest rates.
This home improvement loan calculator takes your loan amount, loan term, and interest rate, and shows you how much you will need to pay each month as your pay off your loan.
The calculator requires the following inputs:
Home improvement loans are short-term loans intended to pay for remodels, home upgrades, and other changes that improve your home. Home improvement loans are usually unsecured, which means you do not need to provide any collateral, like a home or a car.
You receive a lump-sum payment upfront and repay the loan each month over 3 to 5 years.
Because home improvement loans are unsecured, your credit score is an important factor to getting approved and is a key component in determining your interest rates.