Home equity lines of credit often have more flexible repayment terms than a standard home equity loan. Home equity loan payments are typically fixed over the repayment period, while home equity lines of credit can offer interest-only payment terms, or outstanding balances can be repaid using a variety of repayment strategies.
Home Equity Loan or Line of Credit?
Home Equity Loan or Line of Credit?
Home Equity Payment Summary
Home Equity Loan Payment
Initial Home Equity Line of Credit Payment
This calculator is for illustrative purposes only, and is based on information you provided. Actual payment, interest rate, and loan amortization schedule will be determined at time of loan approval.