Here's how much a $100,000 home equity loan costs monthly now that rates are lower

MoneyWatch: Managing Your Money Here's how much a $100,000 home equity loan costs monthly now that rates are lower We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson April 17, 2026 / 10:57 AM EDT / CBS News Add CBS News on Google Home equity loan borrowers should closely calculate their potential monthly payments before applying. Thana Prasongsin/Getty Images News in March that homeowners have over $10 trillion in tappable equity to borrow from may not have been surprising (a report last year showed home equity levels in the country reaching a record high), but it's not something that should be ignored either. Especially in the uneven economic terrain of April 2026. Not only are home equity levels particularly robust right now, but interest rates on home equity loans and home equity lines of credit (HELOCs) are some of the lowest available in the borrowing space currently. And with a home equity loan, in particular, the rate will be fixed, protecting borrowers from any market changes that would cause rates to rise in the future.So borrowing $100,000 worth of home equity now, with equity amounts high, should be relatively simple to do. And with interest rates here much lower than they were a few months ago, not to mention what they were in recent years, it should be much cheaper, too. Still, with your home functioning as collateral in these exchanges, it's critical to know what you'll be expected to pay each month if you're approved for a $100,000 home equity loan. Fortunately, thanks to the pr...