Loans
Home Improvement Loan Calculator
Estimate monthly payments, interest, and total cost for a renovation project.
Inputs
Scenario comparison
Pick a comparison above to see Option A and Option B side-by-side.
Results
Amount financed
$25,000.00
Monthly payment
$395.91
Total interest
$8,256.63
Total project cost
$33,256.62
Cost breakdown
Principal
$25,000.00
75.2%
Interest
$8,256.63
24.8%
Fees
$0.00
0.0%
Balance over time
$24,781.17Balance
$0.00Month
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $395.91 | $218.83 | $177.08 | $24,781.17 |
| 2 | $395.91 | $220.38 | $175.53 | $24,560.79 |
| 3 | $395.91 | $221.94 | $173.97 | $24,338.85 |
| 4 | $395.91 | $223.51 | $172.40 | $24,115.34 |
| 5 | $395.91 | $225.10 | $170.82 | $23,890.25 |
| 6 | $395.91 | $226.69 | $169.22 | $23,663.56 |
| 7 | $395.91 | $228.30 | $167.62 | $23,435.26 |
| 8 | $395.91 | $229.91 | $166.00 | $23,205.35 |
| 9 | $395.91 | $231.54 | $164.37 | $22,973.81 |
| 10 | $395.91 | $233.18 | $162.73 | $22,740.63 |
| 11 | $395.91 | $234.83 | $161.08 | $22,505.79 |
| 12 | $395.91 | $236.50 | $159.42 | $22,269.30 |
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