Home equity loans aren't just for paying for home repairs.
Depending on your situation, it might make more sense to use the equity in your home to pay for your next car. Before you decide between a home equity loan or traditional auto loan, use this calculator to compare the costs. You can factor in loan amounts, interest rates and closing costs to help you know if you’re heading down the right financing road for your needs.
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 cannot and do not guarantee their applicability or accuracy in regards 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.
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