HELOC Comparison Tools

Compare HELOCs against other financing options. Make data-driven decisions about which product best fits your financial situation.

Choosing the Right Home Equity Product

Not all home equity financing is created equal. Each option has distinct advantages and disadvantages depending on your situation.

HELOC vs. Home Equity Loan

HELOC: Variable rate, revolving credit, interest-only option, flexible borrowing
Home Equity Loan: Fixed rate, lump sum, predictable payments, no flexibility

HELOC vs. Cash-Out Refinance

If you have a low mortgage rate (under 4%), a cash-out refinance might cost you more in the long run. A HELOC lets you keep your low rate on the first mortgage.

HELOC vs. Personal Loan

HELOCs typically offer lower rates because they're secured by your home. Personal loans are unsecured and have higher rates, but don't put your home at risk.

HELOC vs. Using Savings

If your investments are earning more than the HELOC costs (after tax), borrowing might be smarter than depleting savings. This is called "arbitrage."