Best Home Equity Loans
Compare fixed-rate home equity loans by APR, repayment structure, and lender fit when you want payment certainty.
Navy Federal Home Equity Loan
Credit UnionBest for: Military members — lowest rates available
Rocket Mortgage Home Equity
Online LenderBest for: Fast fully-digital process
PenFed Home Equity Loan
Credit UnionBest for: Credit union members wanting low fees
U.S. Bank Home Equity Loan
BankBest for: Large loan amounts with fixed rate
TD Bank Home Equity Loan
BankBest for: East Coast homeowners
Flagstar Home Equity Loan
BankBest for: High loan amounts up to $1M
loanDepot Home Equity
Mortgage CompanyBest for: Flexible term lengths
PNC Home Equity Loan
BankBest for: Small loan amounts starting at $1K
APR ranges shown are estimates. Actual rates depend on credit score, LTV ratio, and property location. Montro does not originate loans. Clicking "Apply Now" takes you directly to the lender's website.
Home Equity Calculator
Find out how much equity you have and how much you could borrow through a HELOC or home equity loan.
Home Equity Preview
Your equity
$250,000
Max borrow (80%)
$150,000
LTV ratio
50%
Three products compared
HELOC vs. home equity loan vs. cash-out refinance at a glance
HELOC
Variable · Up to 10 years
~8.25%
Home Equity Loan
Fixed · Lump sum
~8.45%
Cash-Out Refinance
Fixed · Lump sum (replaces mortgage)
~6.52%
Your home is on the line. Home equity products turn your home into collateral. A personal loan or 0% balance transfer card for smaller amounts may be safer. Only tap equity when the math clearly favors it and you have income stability.
What borrowers often miss
Four things that change the calculus on home equity borrowing
You can typically borrow up to 85% LTV
If your home is worth $500K and you owe $300K, you have $200K in equity. Most lenders let you borrow up to 85% of value ($425K total), meaning up to $125K available to tap.
Interest may be tax deductible
Interest on home equity products is deductible if the loan is used to 'buy, build, or substantially improve' the home securing the loan. Debt consolidation or personal expenses do NOT qualify for the deduction.
Your home is the collateral
Unlike a personal loan, you can lose your home if you default. Treat home equity financing with more caution than unsecured debt. Only borrow what you can afford to repay even if income drops.
HELOCs have two phases
During the draw period (typically 10 years), you borrow and repay flexibly. Then the repayment period starts (10-20 years) and you can no longer draw — your payment often jumps significantly.
Today's Best Home Equity Rates
Updated July 5, 2026Compare current HELOC, home equity loan, and cash-out refinance rows returned by the mortgage API.
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