Enter what you plan to borrow, set the rate and term your lender quoted, and see the monthly payment, the total interest, and what the loan costs over its full life. Free, and nothing to sign up for.
Last updated: 5 September 2026
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Estimated monthly payment based on a fixed-rate loan. Actual rate and terms depend on credit history, lender, and loan type. This calculator does not constitute a loan offer or financial advice.
The monthly cost of financing a home renovation depends on three factors: the total project budget, your interest rate, and how long you want to repay the loan. A $75,000 kitchen remodel at 7% interest over 7 years runs about $1,132 a month.
Use the calculator above to find the combination that fits your budget. Most home improvement lenders offer terms from 3 to 10 years, with rates varying based on credit score and whether the loan is secured (home equity) or unsecured (personal loan).
Here's a quick reference at 7% interest on a 7-year term, one of the most common configurations for mid-range home improvement loans:
A home equity loan or HELOC typically offers lower interest rates (often 5–8%) because your home secures the debt. A personal renovation loan is unsecured and typically runs 8–14%, but doesn't require equity and closes faster. If you're planning a significant remodel, talk to your lender about which structure saves you the most over the full term.
The figure above is standard fixed-rate amortization: the principal multiplied by the monthly rate, divided by one minus (one plus the monthly rate) raised to the negative number of payments. Total interest is every payment added up, minus what you borrowed. It assumes a fixed rate and no extra payments, so a variable-rate HELOC will move once the index does.
One thing I learned setting up my own remodels is to get the financing in place before you actually need it. A HELOC is nice for this because you can go through the whole approval and just let it sit there ready without drawing a dollar, which matters a lot in the dreaming phase when you don't yet know what the project will cost or when you'll even be able to start. If you're doing the work yourself you can start tomorrow, but the second you're waiting on a contractor and their subs you're on their calendar, not yours. I always ask my subs for a guaranteed start and end date and I write penalties right into the contract, because I've had too many show up on a Friday just to get a foot in the door and then not come back for a week or two. HELOC or loan, it doesn't matter which one, go find out today what you can spend and what you want to spend, and the dreaming gets a whole lot more direct.
— Tyson (Founder)