$75,000 Home Equity Loan Monthly Cost
CBS News calculates current monthly payments for a $75,000 fixed-rate home equity loan in the wake of a recent Federal Reserve interest-rate cut. The piece gives concrete examples for 10- and 15-year terms and compares those payments with late‑winter and last‑fall rates to show how borrowing costs have shifted.
Economy
Personal Finance
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Here's how much a $75,000 home equity loan costs monthly with interest rates falling again
New information:
- 10-year fixed home equity loan example: 8.34% → $923.49 per month
- 15-year fixed home equity loan example: 8.21% → $725.86 per month
- Comparative examples: February 2025 10-year at 8.55% ($931.90/month) and last fall 10-year at 8.50% ($929.89/month)