Calculator: What's the best way to finance a car buy

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What's the best way to finance a car purchase?

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

	Car loan	Home equity loan	HELOC	1st mortgage cash-out refinancing
Loan Amount:
Interest rate (defaults from Bankrate averages):
Loan term (months):
Expected costs to close loan:
Federal income tax:

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