5 Home Improvement Loan Calculator Sites to Bookmark Today

Posted by Chris on February 18, 2016

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Are you ready for your next home improvement project, but not sure if your budget is ready? Don’t worry – there are plenty of great online home improvement loan calculator sites to help you determine how much your projects are going to cost.

Here is a list of five home improvement loan calculator sites you should bookmark today to reference for your next project.

Credit.com

This home improvement loan calculator will help you budget for your next project and determine your potential loan payments. If you are considering remodeling or updating your home, there are plenty of home improvement loan calculators online that will help you as a homeowner determine what your payments might be for the loan amount you need to borrow.

A great way to ensure that you are receiving the best loan with the best interest rate is to make sure your credit score is in tip-top shape. Check out our blog “5 Credit-Boosting Tactics You Should Have Started Yesterday,” for ways to get your credit score up.

All you have to do is enter the loan amount you are anticipating borrowing, the time frame of the loan, and the interest rate. Then, click submit and the online calculator will do the work in finding out how much your payments will be and how much interest you will acquire over the life of the loan.

This calculator makes it easy to compare how much you can save when you increase your payments to pay the loan down faster than the initial schedule. Using Credit.com’s home improvement loan calculator will help you see what options are available and what you can truly afford to spend on your next home improvement project. If you’re ready to crunch some numbers, you can find the loan calculator here.

MoneySuperMarket.com

Whether you are adding a room onto your home, remodeling your kitchen or bathroom, or adding a roof deck to your backyard, the right financing is important for your home improvement project to be successful. Financing is simple for those who have good to excellent credit – you’ll get a low-interest loan with a quick and simple application process.

With the MoneySuperMarket.com loan calculator, you are provided a table with various loan amounts and interest rates for each loan term length to help you determine which avenue will be best for your project.

For the loan calculator all you have to do is type in the loan amount, the length in months, and the APR interest rate. You also have the option to calculate your loan based on your monthly budget, in which you would type in the monthly repayment, the length in months, along with the APR interest rate. The interest rate, APR, will be determine by your credit score and those with excellent credit scores will receive the lowest interest rates. The loan calculator will then generate your monthly loan payments to help you determine if the payment will fit your budget for the project.

If you are ready to look at numbers, you can use the MoneySuperMarket.com loan Calculator here.

MyFico

With the MyFico home improvement loan calculator, you’ll be able to determine your rate without it affecting your credit score. To find out what your monthly payment would be simply input the amount you need to borrow, the interest rate, the amount of months you’ll need to pay it off, your state + federal tax rate, as well as the predicted rate change and voila! You’ll receive your rate and monthly payment amount in a matter of seconds.

If you have excellent credit, you’ll receive the lowest interest rate, making your home improvement project less stressful and less expensive. To enhance your credit score, make sure to read our blog “3 Simple Steps to Building the Perfect Credit Score.”

Can’t wait to find out what your monthly payment will be for your home improvement loan? Wait no more – find out here!

MortgageLoan.com

Can’t make a decision and want to compare home improvement loans? MortgageLoan.com has you covered. All you have to do is type in your property state, property value, loan amount and your credit profile to compare different home improvement loans available to ensure that you are getting the loan that is best for your situation.

MortgageLoan.com provides a loan calculator that can also help you determine your monthly payments for the loan you take out for your home improvements. It details the several different options for loans, including first mortgage, second mortgage loans, refinancing solutions, unsecured loans and grants. For this loan calculator all you need to know is the loan amount, the term in years and the interest rate to find out how much your payment will be monthly.

Use the MortgageLoan.com loan calculator now to start planning out the budget for your next home improvement project.

BizCalcs.com

The BizCalc.com’s home improvement loan calculator will help you determine the amount you will pay each month and will also allow you to input any extra payments you intend to make on the loan. Simply enter the loan amount, interest rate, and the term of the loan into the calculator and it’ll show you your monthly loan payment, the total interest you will pay, and the total amount you will pay over the life of your loan, so that you can see the total amount it will cost you for your home improvement project.

This calculator allows you to personalize the monthly payment more so because it has the added feature for you to include additional payments, allowing you to see the effect these extra payments could have on your loan.

You can determine your home improvement loan by using the BizCalcs.com loan calculator here.

Make sure to also take a look at our blog, “4 Home Loan Calculators That Will Save You Money,” for tips on how to save up for home improvement projects.

Ready to make some improvements to your home, but stressing about your budget? Let Lenda help you refinance your home quickly and easily to help fund your next home improvement project. Give us a call today!

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Topics: Home Improvement