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.
Mar 14, 2022

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A pool loan calculator can show you potential 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.

Pool loan calculator

Pool loan calculation examples

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



Example 1

  • Loan amount: $20,000.

  • Repayment term: 3 years.

  • APR: 9%.

  • Monthly payment: $636.

  • Estimated total interest: $2,896.

  • Total amount repaid: $22,896.

Example 2

  • Loan amount: $50,000.

  • Repayment term: 6 years.

  • APR: 12%.

  • Monthly payment: $978.

  • Estimated total interest: $20,416.

  • Total amount repaid: $70,416.

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 it will also increase the total interest.

Estimated total interest: The total amount of interest you’ll pay over the lifetime of the loan. Your interest rate is based primarily on things like your credit score, income and debts. The loan’s amount, term and purpose can also affect the rate.

Total amount repaid: 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.

How much does it cost to build a pool?

An in-ground pool costs $35,000 or more on average, according to HomeAdvisor, while an above-ground pool can run you from $700 to $3,600. The price can vary based on the size of the pool and the materials you use.

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.

How's your credit?

Score range

Estimated APR













How to compare pool loans

Here are a few features to consider as you compare offers.

APRs: A loan’s APR 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 offers between loans or to compare a personal loan with another financing option, like a home equity loan.

Repayment terms: Most personal loan terms span from about two to seven years, but some lenders offer extended repayment terms on home improvement loans. Your repayment term determines your monthly payment and the loan’s total interest costs.

Funding time: Many lenders say they can fund a loan the day your application is approved or the following day. Most loans are funded within a week.

Ability to pre-qualify: 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 at once on NerdWallet to gather estimates of your monthly pool loan payments.

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.
Learn more about pre-qualifying

More on home improvement financing

Learn more about financing options: Home equity vs. personal loans: What's the difference?

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