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.
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Updated · 1 min read
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Lead Writer 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.
» MORE: Compare personal loans for pools
Pool loan calculator
Loan details
Your loan estimate
Monthly payment
$212.47
Total principal
$10,000
Total interest payments
$2,748.23
Total loan payments
$12,748.23
Payoff date
07 / 2030
Show amortization schedule
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. | 13.31%. |
| Good | 690-719. | 16.48%. |
| Fair | 630-689. | 20.23%. |
| Bad | 300-629. | 20.62%. |
Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified through NerdWallet from May 1, 2025, through May 31, 2025. 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 |
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| Example 2 |
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Personal loans from our partners
on SoFi
SoFi
APR
8.99-35.49%
Loan Amount
$5K- $100K
on Avant
Avant
APR
9.95-35.99%
Loan Amount
$2K- $35K
on Best Egg
Best Egg
APR
6.99-35.99%
Loan Amount
$2K- $50K
on Citibank
Citibank
APR
11.49-20.49%
Loan Amount
$2K- $30K
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.
» MORE: How to finance a swimming pool
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.
How much does it cost to build a pool?
It costs $44,500 to $87,000 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
Learn more about financing options: How to finance a home remodel
Know the ins and outs: How do home improvement loans work?
Article sources
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- 1. National Bureau of Economic Research. Prodigals and Projecture: An Economic History of Usury Laws in the United States from Colonial Times to 1900. Accessed May 2, 2025.
- 2. Federal Register. Federal Interest Rate Authority: A Rule by the Federal Deposit Insurance Corporation on 07/22/2020. Accessed May 2, 2025.
- 3. Federal Reserve Bank of St. Louis. Finance Rate on Personal Loans at Commercial Banks, 24 Month Loan. Accessed May 23, 2025.
- 4. National Credit Union Administration. Credit Union and Bank Rates 2024 Q4. Accessed May 23, 2025.
- 5. Federal Reserve. Military Lending Act. Accessed May 2, 2025.
- 6. Center for Responsible Lending. Unsafe Harbor: The Persistent Harms of High-Cost Installment Loans. Accessed May 2, 2025.
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