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Home Equity Loans and Mortgages

 

The table below can help you decide if a Fixed Home Equity Loan or a Variable Rate Home Equity Line of Credit might be best for your needs. Current Credit Union Rates
Calculate Your Home Equity
Home Equity Payment Comparison
       
    Fixed Home Equity Loan   Variable Rate Home Equity Line of Credit
Line of Credit   N/A   $40,000
Balance   $40,000   $40,000
Rate   4.00%   3.75%
Term   120 months   N/A
Monthly Payment*   $ 409.98*(interest
and principal)
  $129.99* (interest only)

*all payment amounts are approximate