Home Improvement Loan Calculator
Estimate the monthly payment on a home improvement or renovation loan, along with the total interest and a full amortization schedule. Enter the amount you're financing, the APR and the term to see what your project costs to borrow.
How to use it
Enter the project amount you're financing, the APR, and the term. The calculator returns a fixed monthly payment, the total interest, and a downloadable schedule. Home improvement loans are usually unsecured personal loans, so the rate depends mainly on your credit.
Compare the term carefully: a longer term keeps the monthly payment low but adds interest, while a shorter one costs less overall. If you're choosing between an unsecured loan and a home-equity option, check the total interest here against the equity route before deciding.
Frequently asked questions
What amount should I enter?
The total you plan to borrow for the project — materials, labor and a contingency buffer. If you're paying part in cash, enter only the financed portion.
Is a home improvement loan the same as a HELOC?
No. A home improvement loan is typically an unsecured personal loan with a fixed rate and term. A HELOC or home-equity loan is secured by your house, often at a lower rate but with your home as collateral. Compare both.
How can I reduce the cost?
A shorter term, a stronger credit score, or a secured option all lower the interest. Adding an extra monthly payment shortens the loan too — try it above to see the savings.
BriskToolbox provides estimates for general information only and is not financial advice.