How much does a HELOC cost monthly at today's rates?

MoneyWatch: Managing Your Money How much does a HELOC cost monthly at today's rates? 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 8, 2026 / 2:20 PM EDT / CBS News Add CBS News on Google Homeowners need to carefully calculate their potential monthly HELOC costs before formally applying. Zhanna Hapanovich/Getty Images Borrowing money should always be done carefully and strategically. And that's especially true when turning to home equity as the funding source. Failure to repay here can easily result in the home in question being foreclosed on, putting the borrower in a worse financial position than when they started. That said, in today's unique economic terrain, borrowing home equity is arguably one of the very best ways to secure extra funding now.Home equity levels in the country reached a record high in 2025, and there's around $11 trillion in tappable equity from which to leverage now, according to a report released earlier this year. And, with a home equity line of credit (HELOC), specifically, homeowners will enjoy the benefits of an interest rate that's lower than what's otherwise available with home equity loans, personal loans and credit cards. Because of the product's variable rate nature, it's also positioned to become more affordable this year, if interest rates continue to decline or if other Federal Reserve rate cuts are issued.To best determine the value this product offers now, it helps to know how much a HELOC will cost monthly at today's rates. While this can be di...