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Auto Loan Vs. Home Equity Loan Calculator
This calculator will help you to decide whether you should finance your car using an auto loan or using a home equity loan.
Purchase price of car ($):
Down payment amount ($):
Loan term (# of months):
Auto loan interest rate (%):
Home equity loan interest rate (%):
Home equity loan upfront costs ($ total of fees, points, ect):
Your combined state and federal tax rate (%):
Your savings interest rate (%):
Results
Auto Loan
Home Equity Loan
Monthly payment:
Total interest cost:
Tax savings: