Home Equity Calculator and Rates
Calculate Your Estimated Loan Rate and Monthly Payment
Fill in the following information about your home and finances to compare the advantages of each loan type.
Rates displayed are effective as of today's date. Rates are subject to change. Rates are variable and are based on creditworthiness and other factors that are not included in your example. All loans subject to program requirements and approval. To be eligible for Military Choice loan, at least one borrower must be Active Duty, Reservist, or a Veteran. All Choice and VA loans include a funding fee in the loan amount.
Fixed-Rate Home Equity Loan RatesFootnote [1]
| Loan Type | APR As Low As | Max Loan Amount |
|---|---|---|
| Fixed Equity 5 Years | 7.340% | $500,000 |
| Fixed Equity 10 Years | 7.650% | $500,000 |
| Fixed Equity 15 Years | 7.950% | $500,000 |
| Fixed Equity 20 Years | 8.350% | $500,000 |
Rates subject to change.
Home Equity Line of Credit RatesFootnote [2]
| Loan Type | APR As Low As | Max Loan Amount |
|---|---|---|
| Home Equity Line | 7.000% | $500,000 |
| Home Equity Line - Investment | 9.000% | $100,000 |
| Home Equity Line - Interest Only | 8.000% | $250,000 |
Rates subject to change.
Ready to apply?
Stateside member reps are here for you 24/7. Reach us online, over the phone or at a branch. Contact us.
If you're ready to apply for an equity loan or want to check the status of your loan, please call us at 1-877-573-2324.
Disclosures
Home equity loans are fixed-rate loans. Rates are as low as 7.340% APR and assume a 750 FICO on a 5-year term. Rates are based on loan term, credit history, loan-to-value (LTV)/combined loan-to-value (CLTV)/high credit loan-to-value (HLTV) ratio, loan amount, and occupancy, so your rate may differ. A sample fixed-rate equity loan monthly payment based on $100,000 at 8.350% APR for 20 years is $858.35. Taxes and insurance are not included; therefore, the actual payment obligation will be greater. Navy Federal will pay for all closing costs on fixed-rate equity loan applications. For loan amounts up to $250,000, closing costs that members may pay typically range between $300 and $2,000. Covered closing costs include lender fees and fees paid to third parties, such as settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, mortgage transfer taxes, and government charges. The member is responsible for escrow payments and/or prepaid costs, if required, including property taxes and assessments, homeowners’ and flood insurance premiums, association fees/dues and assessments, and prepaid interest. You must carry homeowners’ insurance on the property that secures this plan. All loans subject to approval. Offer is subject to change or cancellation without notice.
↵Home equity lines of credit (HELOC) are variable-rate lines. Rates as low as 7.000% APR and 8.000% for interest-only assume a 750 FICO. Rates are based on credit history, loan-to-value (LTV)/combined loan-to-value (CLTV)/high credit loan-to-value (HLTV) ratio, loan amount, and occupancy, so your rate may differ. A HELOC has a minimum APR of 3.99% and a maximum APR of 18%. Members who choose to proceed with an interest-only HELOC may experience significant monthly payment increases when the line of credit enters the repayment phase. Navy Federal will pay for all closing costs on HELOC applications. Covered closing costs paid to third parties include settlement fees, credit reports, flood determinations, property valuations (including appraisals, if required), title searches, lender’s title insurance, recording, and government charges. The member is responsible for prepaid interest and escrow payments for first-lien HELOCs. Members must carry homeowners’ insurance on the property that secures the HELOC. For loan amounts up to $250,000, closing costs typically range between $300 and $2,000. Applications for a HELOC include a request for a Home Equity Credit Card. All loans subject to approval. Offer is subject to change or cancellation without notice. Rates are subject to change. HELOC loans are not available in Texas.
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