What are the monthly payments on a $25,000 home equity loan right now?

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September 4, 2026 / 1:48 PM EDT / CBS News

Leveraging your home equity always needs to be done cautiously and strategically. The money you're borrowing with a home equity loan, after all, is directly withdrawn from your home. And if you're unable to pay it, the lender has the right to foreclose on the property in question, making this unique borrowing product both advantageous and potentially perilous for homeowners who aren't careful in their approach. That said, there are some ways to circumvent these risks, even if you can't erase them entirely.

Borrowing a smaller amount, which will be easier to repay, is one of them. And using a home equity loan instead of a home equity line of credit (HELOC), the former of which comes with a fixed interest rate that makes budgeting both reliable and precise, is another. So, if you need an amount such as $25,000 (the average home equity amount is worth considerably more), this could be the smart way to secure it.

To better ensure borrowing success and to reduce any financial stress, it…

Original source: https://www.cbsnews.com/moneywatch/