acalculator

What will my pool loan cost?

Type what the pool will cost to finance, the rate and the term. The pool loan calculator gives the monthly payment, the APR with any fee, and the total cost of the loan.

Your numbers

The fee is
Monthly payment
$776.39

Borrowing $60,000.00 at 9.5% over 120 months costs $776.39 a month; with the fee, the APR is 9.5% and the loan costs $33,166.24 in all.

Cash you get $60,000.00Cost of the loan $33,166.24
64% cash you get36% cost of the loan
APR
9.5%
Cash you get
$60,000.00
Origination fee
$0.00
Balance you repay
$60,000.00
Total interest
$33,166.24
Total of payments
$93,166.24
Cost of the loan
$33,166.24
Paid off in
November 2036
Months
120

Answer for the example date Sunday, November 1, 2026. It changes to today's date when the page loads.

Monthly payment: $776.39. Borrowing $60,000.00 at 9.5% over 120 months costs $776.39 a month; with the fee, the APR is 9.5% and the loan costs $33,166.24 in all.

How much of what you repay is cost?

Where does each year of payments go?

What does every payment look like?

The results are estimates for information only. They are not financial, tax, or legal advice. Check the numbers with your lender or a qualified professional before you decide. Terms of use

How to calculate

Computes the monthly payment, total cost, and APR of a fixed-rate swimming pool loan with an origination fee taken from the loan or added to it.

Example with the default inputs (Loan amount $60,000.00, Interest rate 9.5%, Loan term (months) 120, Origination fee 0%, The fee is Taken from the loan, Loan start date November 1, 2026) on the example date Sunday, November 1, 2026: Borrowing $60,000.00 at 9.5% over 120 months costs $776.39 a month; with the fee, the APR is 9.5% and the loan costs $33,166.24 in all.

Method: payment = L × r ÷ (1 − (1 + r)^−n), with L the balance you repay, r the rate ÷ 12, and n the months; the APR is 12 × j, where j is the monthly rate at which n payments repay the cash you receive.

  • The rate is fixed and interest is charged monthly at the rate ÷ 12 on the balance.
  • The fee is a percentage of the loan amount, taken from the money you receive or added to the balance.
  • Payments are made at the end of each month, starting one month after the start date.
  • The APR follows the actuarial method of Regulation Z (12 CFR 1026.22), with the fee as a prepaid finance charge.
  • Values are not rounded to the cent between months; only the display is rounded.

Machine-readable copies: Markdown, JSON.

Worked examples

Each example is checked against the calculator on every build.

  1. Loan amount $60,000.00, Interest rate 9.5%, Loan term (months) 120, Origination fee 0%, The fee is Taken from the loan gives Monthly payment $776.39, Cash you get $60,000.00, APR 9.5%, Total interest $33,166.24.Source: Regulation Z, 12 CFR 1026.22, Determination of annual percentage rate, https://www.consumerfinance.gov/rules-policy/regulations/1026/22/
  2. Loan amount $40,000.00, Interest rate 8.99%, Loan term (months) 84, Origination fee 2%, The fee is Taken from the loan gives Monthly payment $643.36, Cash you get $39,200.00, APR 9.63%, Cost of the loan $14,842.25.Source: Regulation Z, 12 CFR 1026.22, Determination of annual percentage rate, https://www.consumerfinance.gov/rules-policy/regulations/1026/22/
  3. Loan amount $40,000.00, Interest rate 8.99%, Loan term (months) 84, Origination fee 2%, The fee is Added to the loan gives Monthly payment $656.23, Balance you repay $40,800.00, APR 9.62%, Cost of the loan $15,123.10.Source: Regulation Z, 12 CFR 1026.22, Determination of annual percentage rate, https://www.consumerfinance.gov/rules-policy/regulations/1026/22/
  4. Loan amount $12,000.00, Interest rate 0%, Loan term (months) 48, Origination fee 0%, The fee is Taken from the loan gives Monthly payment $250.00, Total interest $0.00, Cost of the loan $0.00.

How it works

Write A for the loan amount, f for the origination fee rate, r for the yearly rate ÷ 12 (as a decimal), and n for the number of months. These are the same rules as the personal loan calculator.

  • Origination fee = A × f.
  • Fee taken from the loan: Balance you repay L = A and Cash you get = A − fee. Fee added to the loan: L = A + fee and cash = A.
  • Monthly payment P = L × r ÷ (1 − (1 + r)^−n), or L ÷ n at 0%.
  • APR = 12 × j × 100, where j is the monthly rate at which n payments of P are worth the cash: P × (1 − (1 + j)^−n) ÷ j = cash. With no fee, the APR equals the rate.
  • Total interest adds each month’s interest, balance × r. The last payment clears the balance. Total of payments = L + total interest. Cost of the loan = total of payments − cash.
  • Paid off in is the month n months after the start date.

Rules

  • The loan amount is above $0 and at most $10 million; the rate is 0% to 50%; the term is 1 to 120 whole months; the fee is 0% to 20%.
  • The fee, the cash and the balance are exact on the decimals as typed. Values are not rounded between months, and money shows to the cent, rounded half up.
  • Payments come at the end of each month. The rate is fixed, and the fee is the only charge besides interest.

Worked examples by hand

$60,000 at 9.5% over 120 months with no fee. r = 0.095 ÷ 12, and the payment is $776.39. The interest is 120 × 776.38535 − 60,000 = $33,166.24, and the APR equals the rate (9.5%).

$40,000 at 8.99% over 84 months, 2% fee taken from the loan. The fee is $800, so you get $39,200 and repay $40,000. The payment is $643.36, the cost is $14,842.25, and the APR is 9.63%.

The same loan with the fee added. L = $40,800, the payment is $656.23, the cost is $15,123.10, and the APR is 9.62%.

$12,000 at 0% over 48 months. The payment is 12,000 ÷ 48 = $250, with no interest and no cost.

Other questions people ask

How is a pool loan payment calculated?

It is the fixed-rate loan formula: L × r ÷ (1 − (1 + r)^−n), where L is the balance, r is the yearly rate ÷ 12, and n is the months. $60,000 at 9.5% over 120 months is $776.39 a month.

How much interest will I pay on a pool loan?

$60,000 at 9.5% over 10 years costs $33,166.24 in interest. A shorter term raises the payment but lowers the interest. Try a few terms here to see the trade-off.

What does an origination fee do to the cost?

A 2% fee on $40,000 is $800. Taken from the loan, you receive $39,200 but repay $40,000, so at 8.99% over 84 months the APR is 9.63%. Compare offers by APR, because it counts the fee.

Can I use my home’s equity to pay for a pool?

You can ask a lender about a home equity loan. It uses your home as collateral, and the CFPB warns that the lender could foreclose if you cannot pay it back. Type its rate and term here to see the payment.

What does this page leave out?

Only the loan. Add the cost of upkeep, insurance and any tax change to your budget yourself. The loan amount is what you borrow, which may be less than the full project price.

Why does this page not show current rates?

Rates depend on your credit and your lender, so you type the rate you were quoted.