A home improvement loan calculator can help you budget your project and determine potential loan payments. If you are thinking of updating your home, you may be interested to know that there are home improvement loan calculators online to help a homeowner determine what the estimated monthly payments will be for a particular loan amount. With a home improvement loan calculator, a potential borrower who is interested in updating their home will be able to see how much their monthly payment will be based on the interest and loan amount. These home improvement loan calculators are easy to use. Simply enter the loan amount, the time frame, interest rate, and the first due date, click submit and the online calculator will do the rest of the work for you. These calculators make it easy to compare how much you can save when you accelerate your payments and pay the loan down faster than the original schedule. Using this calculator is a smart option for homeowners who wish to see what options they and to see what they can truly afford.