Auto Loan Vs. HELOC Calculator

 

Determine Which Loan is Better for You...

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:
Net cost (interest cost less tax savings):
Please note: All of our Calculators are used for estimation purposes only and should not be considered final or guaranteed. Let us know if you want to go over your individual situation.

 

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