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About Us / Tools & Calculators / Auto Loan Vs Home Equity Loan Calculator

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:

Net cost (interest cost less tax savings):

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