Home Improvement Loan Calculator

Estimate the monthly payment and total cost of a home improvement or renovation loan.

Your details

Loan amount$APR%Term (years)7

115

Monthly payment

$402.23

Total interest: $8,787.06
Total cost: $33,787.06

Principal vs interest

Principal: $25,000.0074%
Interest: $8,787.0626%

Monthly payment$402.23

Formula

Standard amortization: M = P·r(1+r)^n / ((1+r)^n − 1).

Sources & methodology

•CFPB — consumer loans — CFPB

Last updated: 2026-07-20

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