Many people think about their ultimate summer fantasy when summer approaches: installing a swimming pool in their backyard. However, many would-be pool buyers back out before getting estimates because of the high costs.

The current scenario is not inevitable. If you shop around for financing, you could find an in-ground pool more affordable than anticipated. This purchase might save you money in the long run, offering years of entertainment and perhaps raising the value of your home.

Expand your pool within your budget. Use the pool loan calculator

Over the last 12 months, the price of installing a swimming pool has increased dramatically due to shortages in both materials and workers. On average, it costs $34,000 to have a swimming pool installed. Above-ground pools are less expensive to install, but in-ground pools are more likely to increase the value of a home. You can use the pool loan calculator for the best results.

The final cost of your pool will depend on several factors, including its size and complexity, the cost of its construction materials, the cost of its installation, and any “extras” you decide to include, such as a hot tub, slide, or diving board. Keep in mind that most house insurance policies and municipal ordinances need the building of a fence around pools to avoid mishaps involving children and animals falling in.

What’s better for a pool, an unsecured loan or a secured one?

Your budget for acquiring a pool and the manpower necessary to create it may vary greatly depending on how you want to finance the project. The so-called “pool loans” offered by specific financial institutions and pool companies are standard unsecured individual loans. Since any real estate does not secure them, the interest rates on these loans are substantially higher than those on secured loans like mortgages.

Depending on your financial background, your interest rate on a pool loan might go far into double digits. The closing on a pool loan may be faster, and the upfront costs may be lower than those of a loan secured by the value of your home. Instead of waiting several weeks, you may obtain the money in as little as a week. You also wouldn’t have to worry about losing your home’s value. The equity in your property may be used as collateral for a loan to pay off debt or make necessary repairs. Unsecured pool loans provide several advantages. However, a secured loan is your best bet if you want to receive the best interest rate possible and save thousands of dollars on financing.

What effect do fluctuations in interest rates have on the cost?

Consumers often research the costs of a pool’s components, building, and maintenance, but the costs associated with financing the pool should be noticed. However, if you have a specific budget, the cost of financing will impact every other decision you make about the construction materials and procedure.


Mortgage products may be used to finance pools with lower interest rates than would be available without utilizing the equity in the property as collateral. Each kind of loan has pros and cons; choosing the right one for your needs will depend on your situation. In the following sections, we’ll go more into each potential option.