Car loan home equity calculator
Calculate your potential savings
A home equity loan often has a lower interest rate than a car loan and the interest may be tax deductible. These are two great reasons to take a look at a home equity loan to finance a car purchase. Keep in mind, however, that such loans are secured by your home, and should you fall behind on your payments, your home will be put at risk of foreclosure.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.