|This calculator compares the total cost of four types of borrowing -- car loan, home equity loan, home equity line of credit (HELOC) and cash-out mortgage refinance.
Car loans, because they have the shortest term, will always have the highest monthly payment. But whether it's the most costly in the long run depends on interest rates, tax brackets and whether you pay more than the minimum. To rank the loans, type in your own numbers and press "enter." Explanation of terms