Home Equity Products

Compare the best HELOC rates, home equity loans, and cash-out refinance options. Use your home's equity to fund renovations, consolidate debt, or cover major expenses.

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Best HELOC APR

Current page data

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Best HE Loan APR

Current page data

Calculate your home equity

Estimate your borrowing power and compare HELOC vs. home equity loan payments.

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Third Federal HELOC

Bank

Best for: Lowest guaranteed rate

4.8 (11,234 reviews)

APR Range

7.99% – 11.50%

Loan Amount

$10K – $200K

Term

10yr draw + 20yr repay

Closing Costs

Figure HELOC

Fintech

Best for: Fastest online HELOC approval

4.7 (15,678 reviews)

APR Range

7.99% – 19.99%

Loan Amount

$15K – $400K

Term

5 – 30 years

Closing Costs

PenFed Credit Union HELOC

Credit Union

Best for: Military members & credit union rates

4.7 (9,876 reviews)

APR Range

8.25% – 12.00%

Loan Amount

$25K – $500K

Term

10yr draw + 20yr repay

Closing Costs

$0 – $500

Chase Home Equity Line

Bank

Best for: Chase banking customers

4.6 (19,234 reviews)

APR Range

8.65% – 12.75%

Loan Amount

$25K – $500K

Term

10yr draw + 20yr repay

Closing Costs

Bank of America HELOC

Bank

Best for: Preferred Rewards members

4.5 (28,934 reviews)

APR Range

8.75% – 13.00%

Loan Amount

$10K – $1M

Term

10yr draw + 20yr repay

Closing Costs

Varies

U.S. Bank HELOC

Bank

Best for: High loan amounts up to $750K

4.5 (17,890 reviews)

APR Range

8.35% – 12.25%

Loan Amount

$15K – $750K

Term

10yr draw + 20yr repay

Closing Costs

Varies

Flagstar Bank HELOC

Bank

Best for: High-value homes up to $1M

4.5 (8,765 reviews)

APR Range

8.40% – 12.75%

Loan Amount

$10K – $1M

Term

10yr draw + 20yr repay

Closing Costs

Varies

Citizens Bank HELOC

Bank

Best for: Northeast homeowners with Citizens accounts

4.4 (12,345 reviews)

APR Range

8.60% – 13.50%

Loan Amount

$17.5K – $400K

Term

10yr draw + 15yr repay

Closing Costs

$0 – $800

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

Home value

$500,000

70% LTV

70%

$100k avail.

75% LTV

75%

$125k avail.

80% LTV

80%

$150k avail.

85% LTV

85%

$175k avail.

90% LTV

90%

$200k avail.

Your equity

$250,000

Max borrow (80%)

$150,000

LTV ratio

50%

Calculate your home equity

Estimate your borrowing power and compare HELOC vs. home equity loan payments.

Try the calculator

Three products compared

HELOC vs. home equity loan vs. cash-out refinance at a glance

HELOC

Variable · Up to 10 years

~8.25%

✓ Draw only what you need · ✗ Rate fluctuates with prime

Ongoing renovation or variable needs

Home Equity Loan

Fixed · Lump sum

~8.45%

✓ Fixed payment, predictable payoff · ✗ Pay interest on full amount from day one

Known one-time expense

Cash-Out Refinance

Fixed · Lump sum (replaces mortgage)

~6.52%

✓ Often lowest rate of the three · ✗ Resets 30-yr clock + high closing costs

Lowering rate AND accessing equity

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.

Compare lenders below ↓

Today's Best Home Equity Rates

Updated August 27, 2026

Compare current HELOC, home equity loan, and cash-out refinance rows returned by the mortgage API.

Best HELOC APR

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Rate unavailable

Best HE Loan APR

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Rate unavailable

Best Cash-Out Refi APR

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Rate unavailable

Lender	Product	APR Range	Min Loan	Max LTV	Rate Trend
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