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Auto Loan Vs. Home Equity Loan Calculator
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This calculator will help you to decide whether you should finance your car using an auto loan or using a home equity loan.
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Purchase price of car ($):
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Down payment amount ($):
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Loan term (# of months):
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Auto loan interest rate (%):
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Home equity loan interest rate (%):
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Home equity loan upfront costs ($ total of fees, points, ect):
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Your combined state and federal tax rate (%):
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Your savings interest rate (%):
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Results
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Auto Loan
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Home Equity Loan
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Monthly payment:
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Total interest cost:
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Tax savings:
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Net cost (interest cost less tax savings):
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