# Pool Loan Calculator: See Your Monthly Pool Payments

Calculate your monthly payments to see how a pool loan fits into your budget. Compare offers to find the best rate.
Written by Annie Millerbernd
Assistant Assigning Editor
Edited by Kim Lowe
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A pool loan calculator shows estimated monthly payments and total interest costs, based on the loan amount, interest rate and repayment term you choose.

Use this calculator to see your monthly pool loan payments and determine what an affordable loan looks like.

## Loan details

2024

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Monthly payment

\$0.00

Total principal\$10,000

Total interest payments\$0.00

Total loan payments\$0.00

Payoff date- / -

## Understanding your pool loan calculator results

Monthly payment: What you can expect to pay each month. A longer term can lower your monthly payments but increase the total interest.

Total interest payments: The amount you will pay to a lender in interest based on the loan’s rate and term.

Total loan payments: The amount of money you'll have repaid at the end of the loan. This number depends on the amount you borrow and your interest rate.

Payoff date: The month and year you’re expected to make the final loan payment.

## Pool loan rates

When you finance with a personal loan, your annual percentage rate can be anywhere from 6% to 36%, and some lenders will finance up to \$100,000 over a two- to 12-year repayment term.

Your credit score is an important factor lenders consider when they decide your loan amount and rate. Lenders also review your income and existing debt when you apply for a loan.

Here are estimated rates for each credit score range.

 Borrower credit rating Score range Estimated APR Excellent 720-850. 11.35%. Good 690-719. 14.34%. Fair 630-689. 17.64%. Bad 300-629. 22.29%.

Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified through NerdWallet from Aug. 1, 2024, through Aug. 31, 2024. Rates are estimates only and not specific to any lender. The lowest credit scores — usually below 500 — are unlikely to qualify. Information in this table applies only to lenders with maximum APRs below 36%.

### Pool loan calculation examples

Here are two pool loan examples. The loan amount, repayment term and APR you input will give you different monthly payments and total amount repaid.

Loan details

Loan estimates

Example 1

• Loan amount: \$45,000.

• Repayment term: 4 years.

• APR: 18%.

• Monthly payment: \$1,322.

• Total amount repaid: \$63,450.

Example 2

• Loan amount: \$70,000.

• Repayment term: 7 years.

• APR: 15%

• Monthly payment: \$1,351.

• Total amount repaid: \$113,465.

Personal loans from our partners

Check Rate

on SoFi

SoFi

APR

8.99- 29.99%

Loan amount

\$5K- \$100K

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on SoFi

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on Avant

Avant

APR

9.95- 35.99%

Loan amount

\$2K- \$35K

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on Avant

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on Best Egg

Best Egg

APR

7.99- 35.99%

Loan amount

\$2K- \$50K

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on Best Egg

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on Discover

Discover

APR

7.99- 24.99%

Loan amount

\$2.5K- \$40K

Check Rate

on Discover

## How to compare pool loans

Here are the top features to consider as you compare offers.

### APR

A loan’s annual percentage rate is the best apples-to-apples comparison for personal loans because it includes the interest rate and other fees a lender charges. Use this number to compare multiple personal loan offers with other financing options like home equity loans.

### Repayment term

Most personal loan terms are two to seven years, but some lenders offer extended repayment terms on home improvement loans. Your repayment term helps to determine the loan’s monthly payment and total interest costs.

### Funding time

Many lenders say they can fund a loan within one to three business days after your application is approved. Most loans are funded within a week.

### Pre-qualification

A lender may let you pre-qualify to see your potential rate, loan amount and repayment term without affecting your credit score. You can pre-qualify with multiple lenders on NerdWallet to gather estimates of your monthly pool loan payments.

HELOC & Home Equity Loans from our partners

Check Rate

on Figure

Figure

Min. credit score

640

Max loan amount

\$400,000

Check Rate

on Figure

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on New American Funding

New American Funding

Min. credit score

580

Max loan amount

\$750,000

Check Rate

on New American Funding

Check Rate

on Bethpage Federal Credit Union

Bethpage Federal Credit Union

Min. credit score

670

Max loan amount

\$1,000,000

Check Rate

on Bethpage Federal Credit Union

## How much does it cost to build a pool?

It costs \$44,000 to \$86,000 to install an in-ground pool, according to Angi, a home services platform. An above-ground pool can run you from \$1,000 to \$6,000. The price can vary based on the size of the pool and the materials you use.

## More on home improvement financing

See if you pre-qualify for a personal loan – without affecting your credit score
Just answer a few questions to get personalized rate estimates from multiple lenders.

on NerdWallet

HELOC & Home Equity Loans from our partners

Check Rate

on Figure

Figure

Min. credit score

640

Max loan amount

\$400,000

Check Rate

on Figure

Check Rate

on New American Funding

New American Funding

Min. credit score

580

Max loan amount

\$750,000

Check Rate

on New American Funding

Check Rate

on Bethpage Federal Credit Union

Bethpage Federal Credit Union

Min. credit score

670

Max loan amount

\$1,000,000

Check Rate

on Bethpage Federal Credit Union