Swimming Pool Loan Calculator
Calculate your monthly payments, total interest, and repayment schedule for your dream swimming pool
Loan Details
$
$5,000
$100,000
Average in-ground pool cost: $35,000-$65,000
%
1%
20%
Current average rates: 6.5%-10.5% for unsecured loans
years
1 year
15 years
Typical terms: 5-12 years for pool financing
$
Recommended: 10-20% of pool cost
Payment Summary
Monthly Payment
$478.32
Total Interest
$9,229.11
Total Cost
$39,229.11
Payment Breakdown
Amortization Schedule
Balance Over Time
| Year | Principal | Interest | Balance |
|---|
Swimming Pool Loan Information
Understanding your swimming pool loan options is crucial for making an informed decision. In the USA, pool loans are typically unsecured personal loans, home equity loans, or home equity lines of credit (HELOCs). Each option has different requirements and implications for your finances.
Interest Rates
Interest rates for pool loans vary based on credit score, loan type, and term. As of 2023, average rates are:
- Excellent credit (720+): 6.5% - 9.5%
- Good credit (680-719): 8.0% - 11.5%
- Fair credit (640-679): 10.0% - 15.0%
Loan Terms
Typical repayment periods for pool loans:
- Unsecured personal loans: 2-7 years
- Home equity loans: 5-15 years
- HELOCs: 10-year draw period + 20-year repayment
Longer terms reduce monthly payments but increase total interest paid.
Loan Amounts
Pool financing typically covers:
- In-ground pools: $35,000 - $100,000+
- Above-ground pools: $1,500 - $15,000
- Pool renovations: $5,000 - $30,000
Most lenders require at least $5,000 for pool-specific loans.