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Sample Equity Rates
PRIME RATE: 4.00%
Home Equity Lines
LTV PRIME +
80% -0.25 to 0.25%
90% 0.25 to 1.50%
100% 1.50 to 2.50%
Source: Rate Search
Home Equity Loans
LTV PRIME +
80% 1.50% to 3.00%
90% 2.50% to 4.00%
100% 2.75% to 5.00%
Source: Rate Search

 

Tax Savings in Your First Year

Enter the borrowed amount of your equity loan: $
Enter your repayment term in months: months

Enter the quoted rate (APR) for your home equity loan:

%

Enter your current Income Tax Bracket:

Year 2006 Tax Bracket:
  15%
  25%
  28%
  33%
  35%
IRS Tax Rate Schedules (Tax Bracket) PDF file

%
*
 
Monthly Mortgage Payment: $
After Year 1
Total Amount Paid: $
Potential Tax Savings* $
Net Annual Amount Paid* $
Estimated Effective Interest Rate* %

* Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.

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