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Calculate equity in minutes

Home Equity Loan Or Line Of Credit Calculator

See which equity option — loan or line of credit — suits your budget.

Learn about Home Loans

Home Equity Loan vs. Line of Credit Calculator 

Need extra cash for home projects, major purchases, or repairs? A Home Equity Loan and a Home Equity Line of Credit (HELOC) both let you borrow against your home’s value, but they work differently. With a Home Equity Loan, you receive a lump sum and make fixed monthly payments. With a HELOC, you draw funds as needed and repay based on your balance. 

Use our Home Equity Loan vs. HELOC Calculator to compare borrowing options, estimate monthly payments, and decide which solution best fits your budget.

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