A roof, as a monthly payment
Most people financing a roof are shopping for a monthly figure rather than a total. Here is the arithmetic, with the rate as something you type in rather than something we imply.
Or call (949) 868-1671What is going on with the roof?
Free, and there is no obligation to hire anyone.
Your request is in.
We are matching it now against roofing contractors working in San Juan Capistrano and the surrounding area.
- Today, usually within the hour. The first contractor calls or texts the number you gave us. ASAP requests go out first.
- Up to three of them, no more. We cap it at three so you can compare without your phone melting.
- They come and look. Estimates are given after somebody has been on the roof, not over the phone.
- You decide, or you do not. There is nothing to cancel and nothing to pay us.
If you do not hear anything today, check your voicemail and spam folder — contractors often call from a mobile number.
Work out the payment
Straight amortisation on the amount and rate you type in. Nobody is offering you these terms, us least of all — this is the arithmetic so you can check whatever a lender or a contractor does offer.
Prefilled with the middle of the typical San Juan Capistrano replacement range. Change it to whatever you have been quoted.
Roofing paper commonly lands somewhere between about 7% and 18% depending on credit and on the programme. Put in the number you have actually been given.
Try:
| Term | Per month | Interest paid | Total paid |
|---|---|---|---|
| 3 years36 payments | — | — | — |
| 5 years60 payments | — | — | — |
| 7 years84 payments | — | — | — |
| 10 years120 payments | — | — | — |
| 15 years180 payments | — | — | — |
The assumptions, in full
- A fixed rate, equal payments, and interest compounded monthly. Nothing is deferred and nothing balloons at the end.
- No down payment, no dealer or origination fee, no prepayment penalty, and no insurance product added on. Real roofing finance often carries a dealer fee, and it is usually already inside the price you were quoted.
- Promotional "same as cash" and zero-interest offers work differently: the interest is typically owed retroactively if the balance is not clear by the deadline. This table does not model that.
- The prefilled amount is the middle of the typical replacement range for San Juan Capistrano from public cost data. It is not a quote for your roof.
Not an offer of credit. Keystone Roofing Co. is a matching service — not a lender, not a broker, not a roofing contractor — and arranges no financing of any kind. We do not take an application, we cannot approve anybody, and no rate on this page is available from us. Terms come from whoever you actually borrow from.
The four ways roofs actually get paid for
- Contractor finance. Arranged by the roofer through a lender they work with. Convenient, and the dealer fee the lender charges the contractor is usually already inside the price you were quoted — which is why a cash discount often exists.
- Your own bank or credit union. An unsecured personal loan. Usually a better rate than promotional roofing paper once the promotion ends, and it makes you a cash customer.
- Home equity. Lowest rates because the house secures it, and that is exactly the risk: the roof is now attached to the mortgage.
- An insurance claim. Not financing at all. If storm damage is covered, you generally pay the deductible and the policy pays the rest of the covered work. Worth establishing before you borrow against anything.
Questions worth asking before you sign
- What is the APR, not the monthly payment? A longer term always makes the payment smaller and the roof more expensive.
- Is there a dealer or origination fee, and is there a discount for paying without the programme?
- If it is a deferred-interest offer, what is owed if the balance is not clear by the deadline?
- Is there a prepayment penalty?
- Is the loan tied to the roof or to the house, and what happens if you sell?
Keystone Roofing Co. does not lend, broker, or arrange credit, and does not take a fee from anybody who does. This page exists because "financing" is one of the answers to the third question on our form, and sending those people away with nothing would be a strange way to be useful. The quote request is the only thing here that involves anybody else.
Get the roof looked at
Three questions, about a minute, and up to three San Juan Capistrano contractors come back to you.