Product ID #:
77
Release #:
1.0
Create Date:
10/31/2002
Last Updated:
10/31/2002
Question:
Should I finance my car with an auto loan or with a home equity loan?
Auto Loan Vs. Home Equity Loan Calculator
This calculator will help you to decide whether you should finance your car using an auto loan or using a home equity loan.
Purchase price of car ($):
Down payment amount ($):
Loan term (# of months):
Auto loan interest rate (%):
Home equity loan interest rate (%):
Home equity loan upfront costs ($ total of fees, points, ect):
Your combined state and federal tax rate (%):
Your savings interest rate (%):
Results
Auto Loan
Home Equity Loan
Monthly payment:
Total interest cost:
Tax savings:
DEMONSTRATION VERSION