Should I use a home equity loan instead of an auto loan?
Purchase price
$
Down payment
$
Loan term (months)
Auto loan
interest rate
%
Home equity loan
interest rate
%
Upfront costs
: home equity loan
$
Your state + federal
tax rate
%
Your
savings rate
%
Predicted rate change
None
Increase .5% per year
Decrease .5% per year
