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 a home equity line of credit can offer interest-only payment terms or outstanding balances can be repaid using a variety of repayment strategies.
Home equity optionsUse this calculator to compare the differences between a home equity loan and a line of credit.
Change the numbers in each input field by entering a new number or adjusting the sliders. After entering your data into each input field, the calculator results will automatically update the summary statement and chart.
