Remodeling
Remodeling Loan Calculator
- Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
- Subject to credit approval.
- APR (Annual Percentage Rate) is based on loan amount and interest rate.
- 0.768333% tax rate used in estimate.
- Rates for owner occupied homes only.
- This calculator is for educational purposes only, and may not represent WaFd Bank’s lending program requirements.
- Ask us about additional available loan programs.
- Payments quoted may include estimates of taxes & insurance, so actual payments may be higher.
- Subject to credit approval.
- APR (Annual Percentage Rate) is based on loan amount and interest rate.
- 0.77% tax rate used in estimate.
- Rates for owner occupied homes only.
- This calculator is for educational purposes only, and may not represent WaFd Bank’s lending program requirements.
- Ask us about additional available loan programs.
Your neighborhood loan officer can help you get started
Remodeling Basics
Remodeling Roadmap
WaFd Bank’s All-in-One Construction Remodeling Loan is a home loan based on the estimated value of your home after the remodel. To determine that value up-front, we order an appraisal based on your plans for improvements. The entire project is underwritten at one time and you can lock in a permanent, fixed interest rate before you even start the project. Please note that rates can change daily. Subject to a lock-in deposit.
| Project | Job Cost | Resale Value | Cost Recouped |
|---|---|---|---|
| Attic Insulation (fiberglass) | $1,343 | $1,446 | 107.7% |
| Entry Door Replacement (steel) | $1,413 | $1,282 | 90.7% |
| Manufactured Stone Veneer | $7,851 | $7,019 | 89.4% |
| Minor Kitchen Remodel | $20,830 | $16,699 | 80.2% |
| Garage Door Replacement | $1,749 | $1,345 | 76.9% |
| Project | Job Cost | Resale Value | Cost Recouped |
|---|---|---|---|
| Bathroom Addition | $43,232 | $23,283 | 53.9% |
| Backup Power Generator | $12,860 | $6,940 | 54.0% |
| Backyard Patio | $51,985 | $28,546 | 54.9% |
| Bathroom Remodel | $18,546 | $12,024 | 64.8% |
| Master Suite Addition | $119,533 | $77,506 | 64.8% |
Want more help? Come See Us
If you've done all your research but aren't sure a remodeling loan makes sense, just stop by. We’re nearby, and we’ll sit down with you and answer any questions you may have.
Arizona, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington
* To qualify for the maximum $600 discount, before closing documents are prepared you must (1) have or open the WaFd checking account, (2) register for EZ-Pay from the new checking account, and (3) sign up for direct deposit of at least one form of a monthly recurring source of income.