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Home Equity Center
Home equity rates as of
February 6, 2012
HELOC
10 Yr Home Equity Loan
15 Yr Home Equity Loan
FICO® score
APR
[?]
Monthly payment
*
740-850
4.876%
$265
720-739
5.251%
$276
700-719
6.501%
$316
670-699
7.876%
$363
640-669
9.376%
$416
620-639
10.876%
$471
Location
National Avg.
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Loan amount
* Estimated average over the life of the loan. Payments may vary.
HELOC50K|Y10FHE|Y15FHE|
HELOC50K
Source:
Informa Research Services
Home equity rates as of
February 6, 2012
FICO® score
APR
Monthly payment
*
740-850
4.876%
$265
720-739
5.251%
$276
700-719
6.501%
$316
670-699
7.876%
$363
640-669
9.376%
$416
620-639
10.876%
$471
Loan Type
HELOC
10 Yr Home Equity Loan
15 Yr Home Equity Loan
Location
National Avg.
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Loan amount
* Estimated average over the life of the loan. Payments may vary.
The above APRs assume a loan amount of $50,000 and an 80% Loan-to-Value Ratio. They also assume a single family, owner-occupied property is used as collateral.
Source:
Informa Research Services
Home equity education basics:
Get prepared
Know why you’re using your equity
Get the scores that lenders use to evaluate you
Organize your paperwork
Calculators
Should I consolidate my debts?
Should I consolidate my credit cards?
What will my tax savings be?
Use your equity
HELOC or equity loan – which one is right for you?
Choose the loan type that makes sense for you
Calculators
How large a line of credit can I obtain?
How will rate changes affect my balance?
Compare loans
Get offers from several lenders
Make lenders compete for your business
How myFICO® makes it quick and easy for you
Evaluate offers
Is this a fair loan for you?
Know your payment outlook
How you can avoid costly penalties and fees
Which loan works best for you?
Calculators
Which lender has the better loan?
How much will my loan payments be?
Should I pay points to lower the rate?