Estimate your monthly payment for swimming pool loans

Financing is one way to fund a new swimming pool. When investing in an outdoor addition like a pool, hundreds of thousands of homeowners have successfully used lenders to pay for their project.

The key reason for the popularity of borrowing funds: While a beautiful backyard resort will enhance a home and provide years of healthy family fun and entertainment, it does indeed require a sizable investment of thousands of dollars.

To evaluate various budget scenarios for financing your new pool, use this free pool loan calculator.*

Loan Amount
# of Payments (Maximum of 144 months)
Interest Rate
Monthly Payment

How a pool loan calculator helps evaluate budget and financing options

While financing a pool is common across the country, the process and various programs may be new for many individuals shopping for a pool. From credit cards to home-equity loans, there are several forms of credit to understand and evaluate as possible choices for buying a pool.

Much like a house or car payment—one way to determine how much to put toward a swimming pool is to consider the monthly payment. In other words, evaluate how much of your household budget you can reasonably afford each month.

With the basic financial information you enter, this handy loan calculator makes it easy to run the numbers—projecting how much a monthly pool loan payment will be.

Begin with a general idea of what an inground, concrete (gunite/shotcrete) pool costs in your local area, and enter the amount you are considering for the project.

Then, try out different loan scenarios. You can change the loan term, the loan amount, the interest rate, or a combination of all three.

Pool financing assistance

Understanding various pool loans and securing the best one for you—based on your credit history and other variables—can require some research and effort.

You can tackle this on your own, but another route is to get help. It’s simple enough by contacting swimming pool builders in your area. Call and ask if they offer financing-related services and support in securing a pool loan (oac).

Depending on the state you reside, your local Blue Haven office can help locate a lender for swimming pool loans and facilitate the loan-approval process with the financial institution. You can contact your local Blue Haven team, or, get started by applying online here for a free credit pre-approval.

*This pool loan calculator is a free estimating tool only; it does not pre-qualify you for any loan programs nor does it guarantee that you will qualify for any pool financing programs or credit terms. This pool calculator performs simple computation, but it does not provide investment, legal, tax, or accounting advice.

Buying a new home? Special tactics for saving money on your pool loan

Does the new home you’re buying come without the pool you want? If you are buying a home and plan to build a pool, seize the opportunity to land a better financing deal by integrating a pool loan with your home loan.

Depending on your mortgage lender and the financing options available, you may be able to bundle a pool loan with your new mortgage. Doesn’t that sound better than applying for another loan—typically with another lender?

Consolidating your loans may save you money. Typically, one combined monthly payment will be lower than a separate mortgage payment and a home-improvement loan payment. (Plus, you may save the time and hassle of having to seek out and apply for two separate loans.)

Certain factors impact whether lenders will allow home-and-pool loan packaging. But for the benefits that consolidation provides, it’s worthwhile to inquire to see if it’s possible. Here are some ways bundling your pool loan with your mortgage can pay off.

Better interest rates

Mortgage interest rates almost always run less than those for home improvement financing.

Therefore, merging your pool cost into your mortgage will almost always provide a lower interest rate on the pool portion of the loan. Over the length of the loan, you will enjoy savings on the interest.

Lower monthly payments

What’s also nice about this combined arrangement is the size of your monthly payment. It will be smaller.

Here’s why: If you obtain a home improvement loan for a pool, the term will likely be 7 to 15 years maximum. However, the length of a typical mortgage is 30 years.

So, by integrating your pool loan into your mortgage, your pool costs are spread over three decades years—versus the typical 7 to 15. The result is a more affordable monthly payment.

Reduce loan application fees

When joining the financing for a home and pool, you can save some money during the loan application process as well: You will have only one set of fees for appraisals, points, fees, recording fees, and other associated costs.

Mortgage interest deduction—without itemizing your tax return

Do you want to take the standard deduction on your tax return—versus doing an itemized return? If so, one more benefit may come from this consolidated loan scenario.

While the interest on a home-improvement loan is tax deductible just like mortgage interest, obtaining the deduction requires an extra step: That means itemizing the pool loan’s interest on your annual return. But if your pool financing is already included with your mortgage, you can skip this extra task. Be sure to consult with your tax professional before doing so.

This streamlining benefit can also help should you ever refinance your mortgage to take advantage of lower rates in the future. With the pool loan part of your mortgage, you can automatically enjoy lower rates from a mortgage re-fi. That perk is not available with standard home improvement loans.