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2. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

3. What is a HELOC? - AOL

   www.aol.com/finance/heloc-home-equity-line...

   A HELOC could be better than a home equity loan if you want a source of funds you can access on an as-needed basis. The line-of-credit arrangement also means you’ll only pay interest on the ...

4. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   The CLTV includes your first mortgage and any other loans attached to your home — including the HELOC or home equity loan you’re applying for. For example, if you wanted a $30,000 home equity ...

5. How to shop for a HELOC: 10 ways to get the best HELOC rate - AOL

   www.aol.com/finance/shop-heloc-10-ways-best...

   For example, on a $50,000 HELOC, your monthly payment would be around $559, assuming a 9.17 percent variable APR, a 10-year draw period, and 20 20-year repayment period.

6. How much equity can I borrow from my home? (And why isn’t it ...

   www.aol.com/finance/much-equity-borrow-home-why...

   But they do have higher interest rates than cash-out refis: A monthly payment on a 20-year home equity loan of $70,000 at 9.1 percent is currently $634.32. If you don’t have the income to ...

7. Home equity loan vs. HELOC: Which is best for borrowing ...

   www.aol.com/finance/home-equity-loan-vs-heloc...

   A home equity loan is a type of loan that allows you to borrow against your equity without refinancing. With a home equity loan, you can typically borrow up to 80% of the home’s value, minus ...