Home equity loans are loans in which the lender typically receives a second mortgage on the borrower's home. The interest is normally deductible, especially if it is for a refinance. First mortgage loan interest is usually deductible. Interest on auto loans, credit card loans, and other consumer debt is generally not deductible.
Enter Loan Details and Tap Calculate
Loan Amount $
Annual Interest Rate %
Term of Loan Years
Number of Payments
Monthly Payment $