Home Equity vs. Auto Loan Calculator

There's more than one way to pay for your vehicle.

A different car-financing option could lead to more savings.

When it comes to financing a vehicle, a home equity loan could save you money compared to an auto loan. Home equity loans often have lower interest rates than auto loans and the interest may be tax-deductible. Use this calculator to compare your options.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.