Some buyers consider using a home equity loan or HELOC to finance a car purchase, since home equity rates are sometimes lower than auto loan rates. This home equity vs auto loan calculator compares the two options side by side — monthly payment, total interest, and term — so you can see which one actually costs less for your specific loan amount and rate. It’s worth noting the risk difference too: an auto loan is secured by the vehicle, while a home equity loan is secured by your house, meaning missed payments carry a much bigger consequence.
See the true cost of financing a car — with fees, tax, and a smart term‑match option.
Monthly Payment & Total Cost
Amortization Schedules
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Before deciding, it’s worth comparing the home equity rate against a standard auto loan rate side by side using our interest rate comparison calculator, and checking your standard financing option first with our car loan calculator. For most buyers, a traditional auto loan remains the lower-risk choice despite a potentially higher rate, since it keeps your home out of the equation entirely.