Free tool
Renovation Financing Calculator
You have a project number — now see what it looks like per month across the three common ways homeowners pay for renovations.
Personal loan (5 yr)$410/mo
HELOC (10 yr repayment)$228/mo
Cash-out refinance (30 yr)$120/mo
Illustrative comparison only — edit the rates to match real offers you receive. Renovation-specific programs like FHA 203(k) and Fannie Mae HomeStyle wrap project costs into a mortgage; see our financing guides.
Good to know
- HELOCs borrow against your equity at lower rates than personal loans, but your home secures the debt.
- FHA 203(k) and Fannie Mae HomeStyle roll renovation costs into a mortgage at purchase or refinance.
- Contractors often see project scope change once financing is clear — estimate first, then finance.
Start with the real project number
A free AllContraX planning estimate gives you the project cost to plug in here — scope, materials, labor, and a realistic range.
Educational planning tool only — not financial, lending, tax, or legal advice, and not an offer of credit. Figures are estimates based on the inputs and standard planning formulas; consult a qualified lender or advisor for decisions.