Home Equity Loan Rates
Home equity rates track the Prime rate and the bond market. Here is what drives home equity loan rates and how to get the best price.
What to know
A home equity loan carries a fixed rate, typically 8-9% in 2026 for well-qualified borrowers. You get a predictable payment for the full term, unlike a variable HELOC. Stronger credit and lower CLTV earn the best fixed pricing.
What affects your rate
- Your credit score and combined loan-to-value
- HELOC (variable, Prime + margin) vs home equity loan (fixed)
- Lien position and occupancy (primary vs rental)
- The Prime rate and Fed policy — and lender margins, so compare quotes
Example HELOC cost by rate (on a $100,000 balance)
| Rate | Interest-only / mo | Amortizing (20-yr) / mo |
|---|---|---|
| 7.50% | $625 | $806 |
| 8.00% | $667 | $836 |
| 8.50% | $708 | $868 |
| 9.00% | $750 | $900 |
| 9.50% | $792 | $932 |
| 10.00% | $833 | $965 |
Rates move with Prime. Join the free Cashout Equity alerts so you can lock a fixed-rate option at the right time.
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Frequently Asked Questions
- Home Equity Loan Rates — the quick answer?
- A home equity loan carries a fixed rate, typically 8-9% in 2026 for well-qualified borrowers. You get a predictable payment for the full term, unlike a variable HELOC. Stronger credit and lower CLTV earn the best fixed pricing.
- Are HELOC rates higher than mortgage rates?
- Usually yes — HELOCs are variable and sit in second lien position, so they price above first-mortgage rates, but you only pay interest on what you draw.