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Estimated monthly payment based on a fixed-rate loan. Actual rate and terms depend on credit history, lender, and loan type. This calculator does not constitute a loan offer or financial advice.
The monthly cost of financing a home renovation depends on three factors: the total project budget, your interest rate, and how long you want to repay the loan. A $75,000 kitchen remodel at 7% interest over 7 years costs roughly $1,134 per month — less than many car payments, and backed by a permanent improvement to your home's value.
Use the calculator above to find the combination that fits your budget. Most home improvement lenders offer terms from 3 to 10 years, with rates varying based on credit score and whether the loan is secured (home equity) or unsecured (personal loan).
Here's a quick reference at 7% interest on a 7-year term — one of the most common configurations for mid-range home improvement loans:
A home equity loan or HELOC typically offers lower interest rates (often 5–8%) because your home secures the debt. A personal renovation loan is unsecured and typically runs 8–14%, but doesn't require equity and closes faster. If you're planning a significant remodel, talk to your lender about which structure saves you the most over the full term.