What would a $75,000 home equity loan cost each month if opened now?
Translated from English and summarized by DistantNews. Read the original for the full story.
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- At an average interest rate of 8.14%, a $75,000 home equity loan would cost about $916 monthly over 10 years or $723 over 15 years.
- Home equity loans offer fixed rates, but borrowers put their homes up as collateral and could face foreclosure if they fail to repay.
- The article compares current payments with estimated payments at several points in 2025.
A $75,000 home equity loan would require monthly payments of about $916 over 10 years or $723 over 15 years, using an average interest rate of 8.14% as of September 1, 2026.
The fixed-rate structure can make payments easier to budget. But the loan uses the borrower’s home as collateral. Failing to repay as agreed could result in foreclosure.
The article says home equity loans currently cost less on average than personal loans, whose rates exceed 12%, and credit cards, whose rates exceed 22%. Borrowers who compare lenders may find lower rates than the 8.14% average.
The calculations assume the loan is not refinanced. The article also compares them with payments at points in late 2025, when rates produced slightly different monthly costs.
About this summary
Originally published by CBS News in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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