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.

Project cost$Personal loan rate%HELOC rate%Cash-out refi rate%

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.

Start a Free Estimate All free tools

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.