Free Roofing Tool
Roofing Financing Calculator
Enter your roofing project cost, any insurance coverage, down payment, loan term, and APR to instantly see your monthly payment and total financing cost — so you or your customer can budget before signing.
Present Financing at the Point of Sale
Calculate Your Monthly Roofing Payment
Adjust the inputs to match your project. Include any insurance payout as a credit to see only the financed portion.
Storm damage claim amount — reduces the loan principal. Enter 0 if paying out-of-pocket only.
Your deductible or cash contribution. Enter 0 to finance the full remaining balance.
Typical roofing loans: 7.99–15.99%. Enter 0 for 0% promo offers.
Your estimated roofing financing payment
Monthly payment
$199.15
Amount financed
$12,000
Total interest paid
$4,729
Project cost
$12,000
Insurance + down
$0
Term
84 months
Total paid
$16,729
Ballpark estimate only
Payment shown is principal + interest only. Actual loan terms, fees, and approval depend on the lender and your credit profile. Insurance payout amounts depend on your policy — confirm with your adjuster. Always review the full loan agreement before signing.
📋 Important: All calculator results are ballpark estimates
Payment amounts shown are estimates only. Actual loan terms, APR, fees, and approval are determined by the lender. Insurance payout amounts depend on your policy — confirm with your claims adjuster. Do not use these estimates as a substitute for an actual loan disclosure or insurance settlement.
How Roofing Financing Payments Work
Start with the out-of-pocket amount
Subtract any insurance payout and down payment from the total project cost. This is the loan principal — the amount the homeowner actually finances. A $14,000 roof with a $9,000 insurance claim and $1,500 deductible leaves $3,500 to finance. This calculator handles that math automatically.
Apply the monthly interest rate
The annual APR is divided by 12 to get the monthly rate. This rate is applied to the declining principal balance each month — early payments are mostly interest, later payments are mostly principal. This is standard amortization, the same math used for auto loans and mortgages.
Calculate the fixed monthly payment
The amortization formula produces a payment that stays the same every month. Each month, less goes to interest and more reduces the balance — until the loan is fully paid at the end of the term. You can compare a shorter vs. longer term by adjusting the dropdown and watching the monthly payment update.
Compare total interest across scenarios
A 3-year term at 9.99% on a $10,000 balance costs about $1,600 in interest. A 7-year term on the same balance costs about $3,800 in interest. The longer the term, the lower the monthly payment — but the more you pay overall. Use the breakdown to decide what trade-off makes sense for your budget.
Roofing Financing Options Compared
Contractor-enrolled programs
Programs like Finance-It and GoodLeap let homeowners apply at the point of sale — approval in minutes on the contractor's tablet, no home equity required. Typically 7–16% APR, 2–10 year terms. Best for: homeowners who want to close the job today without arranging outside financing.
Personal loans (bank or credit union)
Similar to contractor programs in structure (unsecured, fixed rate, fixed term) but require the homeowner to apply and receive funds before the project. Rates may be lower for borrowers with excellent credit (660–760+ FICO). Best for: shoppers who have time to compare rates and want to separate financing from the contractor relationship.
Home equity loan or HELOC
Uses the home as collateral — lower rates (6–9% typical) and longer terms (up to 15–20 years) than unsecured loans. Requires equity, an appraisal, and closing costs. Takes weeks to close. Best for: large projects ($20,000+) where the homeowner has equity and can wait. Risk: foreclosure if you default.
Insurance + deductible financing
For storm or hail damage, the insurance claim covers most of the project. The homeowner only finances the deductible (often $1,000–$3,000) or the gap between ACV and replacement cost value. This calculator lets you enter the insurance credit so you see only the true out-of-pocket portion.
0% promotional financing
Some lenders offer 0% for 12–24 months. If the balance is paid in full before the promo period ends, total cost is just the principal. If not, deferred interest (often 25–29%) is applied retroactively to the original balance — making it more expensive than a standard installment loan. Read the fine print carefully.
Manufacturer financing programs
Some shingle manufacturers (like Owens Corning or GAF) offer financing through contractor partnerships. Terms and rates vary. These are often similar to contractor-enrolled programs and processed through the same lender network. Ask your contractor which programs they are enrolled in.
Are You a Roofing Contractor? Close More Jobs by Presenting Monthly Payments
The biggest reason roofing jobs stall: the homeowner needs time to "think about it." Usually that means they're sticker-shocked by a $14,000 invoice they didn't budget for. SubcontractorHub's EasyQuote shows the project cost, the insurance offset, and the monthly financing payment — all on one screen, at the kitchen table.
Finance-It and GoodLeap approvals happen in minutes. The customer signs digitally, and the job flows to your operations team. Roofing contractors using SubcontractorHub report significantly higher same-visit close rates when financing is presented at the inspection.
See How It WorksShow project cost, insurance credit, and monthly payment in one proposal
Finance-It and GoodLeap approvals in under 2 minutes
Good-better-best shingle tiers with payment for each
Digital signature at the point of inspection
Signed job flows to production — zero re-entry
Common Questions About Roofing Financing
Can you finance a new roof?
Yes. Roofing financing is widely available through contractor-enrolled lending programs like Finance-It and GoodLeap, personal loans from banks and credit unions, HELOCs, and homeowner insurance supplemental loans for storm damage. Contractor programs are often the fastest path — approval in minutes at the point of sale, with no home equity required. Rates typically run 7–16% APR for installment loans; 0% promos exist for 12–24 months from some lenders.
What is a typical monthly payment for a roof replacement?
For a $12,000 asphalt shingle replacement at 9.99% APR over 7 years (84 months), the monthly payment would be about $199. Over 5 years at the same rate: $255/month. The same job at 6.99% APR over 10 years: $139/month. This calculator lets you compare any combination of loan amount, rate, and term to find a payment that fits your budget.
Does financing a roof affect my home's value?
A new roof adds real value — most estimates put the ROI at 60–70% of cost in resale value. Financing the replacement with a personal or home improvement loan does not appear on the property title (unlike a HELOC), so it doesn't directly affect what a buyer can offer. However, if you sell while the loan is outstanding, you'll need to pay it off at closing from the proceeds.
Is roofing financing different from a personal loan?
Contractor-enrolled roofing financing programs (like Finance-It and GoodLeap) are specialized home improvement loans. They're originated at the point of sale — the homeowner applies through the contractor's tablet, approval happens in minutes, and the lender funds the contractor directly. Personal loans from a bank work similarly but require the homeowner to apply separately before the project begins.
Should I finance or pay cash for a new roof?
If you have the cash, paying upfront saves all interest costs. But financing often makes more sense than draining savings — especially if the roof is urgent, the loan rate is below 10%, or you want to preserve cash for emergencies. A 7-year loan at 9.99% on a $12,000 roof costs about $3,700 in interest — a real cost, but often preferable to delaying a failing roof.
Ready to Close More Roofing Jobs with Financing?
SubcontractorHub helps roofing contractors present financing options at the inspection — so customers say yes before they have a chance to get three other quotes.
Book a Free DemoAll calculations are ballpark estimates based on standard amortization formulas and should be verified against the actual loan disclosure from your lender.