Use Home Equity for a Major Purchase

Home Equity Loan
Loan Amount
Monthly Payment
Seller Financing
Loan Amount
Monthly Payment
Cost of Loan Comparison
Home Equity Loan Seller Financing
Total Interest
Total Principal
Total Cost of Loan

Next Steps:

When making a major purchase, using a home equity loan is an alternative to financing offers often provided by a seller or manufacturer. In such cases, buyers often have the option of taking the seller-provided financing offer or a rebate on their purchase. Taking the rebate and using the equity in your home may provide a better alternative to the seller financing.