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Renovation Mortgage Calculator to calculate the monthly payments for your home renovation and improvement loan. The renovation loan calculator shows you the monthly principal and interest payments along with the total costs of the loan.
Home Renovation Mortgage Calculator |
|
Loan Amount: |
$38,000.00 |
Monthly Payment: |
$657.94 |
Total # Of Payments: |
72 |
Start Date: |
Feb, 2025 |
Payoff Date: |
Jan, 2031 |
Total Interest Paid: |
$9,372.02 |
Total Payment: |
$47,372.02 |
Renovation Mortgage Amortization Schedule |
||||||
Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
---|---|---|---|---|---|---|
Feb, 2025 | 1 | $239.08 | $418.86 | $657.94 | $37,581.14 | |
Mar, 2025 | 2 | $236.45 | $421.50 | $657.94 | $37,159.64 | |
Apr, 2025 | 3 | $233.80 | $424.15 | $657.94 | $36,735.49 | |
May, 2025 | 4 | $231.13 | $426.82 | $657.94 | $36,308.68 | |
Jun, 2025 | 5 | $228.44 | $429.50 | $657.94 | $35,879.17 | |
Jul, 2025 | 6 | $225.74 | $432.20 | $657.94 | $35,446.97 | |
Aug, 2025 | 7 | $223.02 | $434.92 | $657.94 | $35,012.04 | |
Sep, 2025 | 8 | $220.28 | $437.66 | $657.94 | $34,574.38 | |
Oct, 2025 | 9 | $217.53 | $440.41 | $657.94 | $34,133.97 | |
Nov, 2025 | 10 | $214.76 | $443.19 | $657.94 | $33,690.78 | |
Dec, 2025 | 11 | $211.97 | $445.97 | $657.94 | $33,244.81 | |
Jan, 2026 | 12 | $209.17 | $448.78 | $657.94 | $32,796.03 | |
Feb, 2026 | 13 | $206.34 | $451.60 | $657.94 | $32,344.43 | |
Mar, 2026 | 14 | $203.50 | $454.44 | $657.94 | $31,889.98 | |
Apr, 2026 | 15 | $200.64 | $457.30 | $657.94 | $31,432.68 | |
May, 2026 | 16 | $197.76 | $460.18 | $657.94 | $30,972.50 | |
Jun, 2026 | 17 | $194.87 | $463.08 | $657.94 | $30,509.42 | |
Jul, 2026 | 18 | $191.96 | $465.99 | $657.94 | $30,043.43 | |
Aug, 2026 | 19 | $189.02 | $468.92 | $657.94 | $29,574.51 | |
Sep, 2026 | 20 | $186.07 | $471.87 | $657.94 | $29,102.64 | |
Oct, 2026 | 21 | $183.10 | $474.84 | $657.94 | $28,627.80 | |
Nov, 2026 | 22 | $180.12 | $477.83 | $657.94 | $28,149.97 | |
Dec, 2026 | 23 | $177.11 | $480.83 | $657.94 | $27,669.14 | |
Jan, 2027 | 24 | $174.08 | $483.86 | $657.94 | $27,185.28 | |
Feb, 2027 | 25 | $171.04 | $486.90 | $657.94 | $26,698.37 | |
Mar, 2027 | 26 | $167.98 | $489.97 | $657.94 | $26,208.41 | |
Apr, 2027 | 27 | $164.89 | $493.05 | $657.94 | $25,715.36 | |
May, 2027 | 28 | $161.79 | $496.15 | $657.94 | $25,219.20 | |
Jun, 2027 | 29 | $158.67 | $499.27 | $657.94 | $24,719.93 | |
Jul, 2027 | 30 | $155.53 | $502.42 | $657.94 | $24,217.52 | |
Aug, 2027 | 31 | $152.37 | $505.58 | $657.94 | $23,711.94 | |
Sep, 2027 | 32 | $149.19 | $508.76 | $657.94 | $23,203.18 | |
Oct, 2027 | 33 | $145.99 | $511.96 | $657.94 | $22,691.22 | |
Nov, 2027 | 34 | $142.77 | $515.18 | $657.94 | $22,176.05 | |
Dec, 2027 | 35 | $139.52 | $518.42 | $657.94 | $21,657.62 | |
Jan, 2028 | 36 | $136.26 | $521.68 | $657.94 | $21,135.94 | |
Feb, 2028 | 37 | $132.98 | $524.96 | $657.94 | $20,610.98 | |
Mar, 2028 | 38 | $129.68 | $528.27 | $657.94 | $20,082.71 | |
Apr, 2028 | 39 | $126.35 | $531.59 | $657.94 | $19,551.12 | |
May, 2028 | 40 | $123.01 | $534.94 | $657.94 | $19,016.18 | |
Jun, 2028 | 41 | $119.64 | $538.30 | $657.94 | $18,477.88 | |
Jul, 2028 | 42 | $116.26 | $541.69 | $657.94 | $17,936.20 | |
Aug, 2028 | 43 | $112.85 | $545.10 | $657.94 | $17,391.10 | |
Sep, 2028 | 44 | $109.42 | $548.53 | $657.94 | $16,842.57 | |
Oct, 2028 | 45 | $105.97 | $551.98 | $657.94 | $16,290.60 | |
Nov, 2028 | 46 | $102.50 | $555.45 | $657.94 | $15,735.15 | |
Dec, 2028 | 47 | $99.00 | $558.94 | $657.94 | $15,176.20 | |
Jan, 2029 | 48 | $95.48 | $562.46 | $657.94 | $14,613.74 | |
Feb, 2029 | 49 | $91.94 | $566.00 | $657.94 | $14,047.74 | |
Mar, 2029 | 50 | $88.38 | $569.56 | $657.94 | $13,478.18 | |
Apr, 2029 | 51 | $84.80 | $573.14 | $657.94 | $12,905.04 | |
May, 2029 | 52 | $81.19 | $576.75 | $657.94 | $12,328.29 | |
Jun, 2029 | 53 | $77.57 | $580.38 | $657.94 | $11,747.91 | |
Jul, 2029 | 54 | $73.91 | $584.03 | $657.94 | $11,163.88 | |
Aug, 2029 | 55 | $70.24 | $587.71 | $657.94 | $10,576.17 | |
Sep, 2029 | 56 | $66.54 | $591.40 | $657.94 | $9,984.77 | |
Oct, 2029 | 57 | $62.82 | $595.12 | $657.94 | $9,389.64 | |
Nov, 2029 | 58 | $59.08 | $598.87 | $657.94 | $8,790.77 | |
Dec, 2029 | 59 | $55.31 | $602.64 | $657.94 | $8,188.14 | |
Jan, 2030 | 60 | $51.52 | $606.43 | $657.94 | $7,581.71 | |
Feb, 2030 | 61 | $47.70 | $610.24 | $657.94 | $6,971.47 | |
Mar, 2030 | 62 | $43.86 | $614.08 | $657.94 | $6,357.39 | |
Apr, 2030 | 63 | $40.00 | $617.95 | $657.94 | $5,739.44 | |
May, 2030 | 64 | $36.11 | $621.83 | $657.94 | $5,117.61 | |
Jun, 2030 | 65 | $32.20 | $625.75 | $657.94 | $4,491.86 | |
Jul, 2030 | 66 | $28.26 | $629.68 | $657.94 | $3,862.18 | |
Aug, 2030 | 67 | $24.30 | $633.65 | $657.94 | $3,228.53 | |
Sep, 2030 | 68 | $20.31 | $637.63 | $657.94 | $2,590.90 | |
Oct, 2030 | 69 | $16.30 | $641.64 | $657.94 | $1,949.25 | |
Nov, 2030 | 70 | $12.26 | $645.68 | $657.94 | $1,303.57 | |
Dec, 2030 | 71 | $8.20 | $649.74 | $657.94 | $653.83 | |
Jan, 2031 | 72 | $4.11 | $653.83 | $657.94 | $0.00 |
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