Compare Home Equity Loan Rates for Feb 5, 2026
A home equity loan gives you one lump sum upfront, secured by your home. You get a fixed rate and fixed monthly payments over a set term—often 5 to 30 years. That makes it easier to budget than a revolving line of credit.
How it's different from a HELOC: A HELOC is a line you draw from over time; you pay interest on the balance you've drawn and can borrow again as you repay. A home equity loan is one amount, one set of payments. Home equity loans are typically fixed rate; HELOCs often have variable rates. Both use your home as collateral.
When a home equity loan fits: When you know the amount you need and want predictable payments—e.g., a major renovation, debt consolidation, or a one-time expense. If you need flexibility or aren't sure how much you'll need, a HELOC may fit better.
Learn more: home equity loan guide. Prefer a line of credit? HELOC guide or compare HELOC rates.
Comparing options? Also see HELOC rates and cash-out refinance rates, or read our HELOC vs home equity loan vs cash-out refinance comparison.
Prefer a line of credit?
A HELOC lets you draw as you need and pay interest on the balance. If you want flexibility rather than one lump sum, compare HELOC rates.
Compare HELOC rates →