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:

Interactive calculators are made available to you for your own use and determination as to their applicability to your circumstances. Inconsistencies may occur with the use of these calculators. Outcomes are not credit guarantees. Please consult your tax advisor about the deductibility of interest.