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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.
» MORE: Compare personal loans for pools
Pool loan calculator
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.
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.
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.
Payoff date: The month and year you’re expected to make the final loan payment.
How much does it cost to build a pool?
It costs $20,000 to $65,000 to install an in-ground pool, according to HomeAdvisor, while an above-ground pool can run you from $3,500 to $15,000. The price can vary based on the size of the pool and the materials you use.
Personal loans from our partners
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.
Borrower credit rating
How to compare pool loans
Here are the top features to consider as you compare offers.
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.
» MORE: How to finance a swimming pool
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 helps to determine the loan’s monthly payment and total interest costs.
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.
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.
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?
What rate should you expect? Learn about loan options based on your credit score
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