Roof Financing and Monthly Payment Calculator

Ask us about payment options during your estimate. We will explain what is available for your project and how it works before you decide anything.

Using the roof financing calculator

The roof financing calculator on this page turns a project amount, an APR and a term into an estimated monthly payment, so you can see what a roof payment plan might look like before you talk to a lender. It is arithmetic only: the lender sets the actual rate, term and approval. For the project amount, start with the roof cost calculator.

How contractor financing usually works

Home improvement loans offered through contractors are typically unsecured installment loans or revolving credit lines from a third-party lender. The lender, not the contractor, sets the rate, term and approval. You apply, the lender reviews your credit, and if approved the lender pays the contractor as the work is completed.

What to compare before you sign

• APR, not just the payment. A lower monthly payment over a longer term can cost far more in total interest.
• Promotional periods. “Same as cash” or deferred-interest offers can charge interest back to day one if the balance is not paid in full by the deadline. Read that clause twice.
• Prepayment. Make sure you can pay the loan off early, for instance when an insurance payment arrives, without a penalty.
• Dealer fees. Some low-rate promotions carry fees built into the project price. Ask whether the cash price and the financed price are the same.

Insurance-funded projects

If storm damage is covered, your insurer pays according to your policy, often in more than one installment, with depreciation sometimes held back until the work is complete. Some homeowners use short-term financing to bridge that gap. Your adjuster and your policy decide the payments; we document the work and the completion so held-back amounts can be released.