How much will a $75,000 home equity loan cost monthly if opened now?

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September 1, 2026 / 3:22 PM EDT / CBS News

Homeownership can often be stressful and expensive. With routine maintenance costs, taxes and insurance to pay and interest rates high for borrowers right now, owning a home doesn't always feel financially advantageous. If you need to borrow money, however, it can be. And if you need to borrow a large, five-figure amount, it can actually be one of the very best and least expensive options you have available this September.

Home equity levels reached a record high in 2025 and with trillions of dollars' worth of equity considered to be borrowable now, this can be a source to consider for those looking for $75,000 worth of extra funding currently. With a home equity loan, specifically, owners can just do that. Home equity loans have low, fixed interest rates that make budgeting easy to complete with precision. And that's exactly what you'll need when withdrawing funds from your home, as the property will function as collateral. Failure to repay your loan as agreed to can result in foreclosure. It's critical, then…

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