What are the monthly payments on a $90,000 home equity loan now?

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September 16, 2026 / 2:12 PM EDT / CBS News

A report released earlier this month showing home equity borrowing rising across the country wasn't surprising. With trillions of dollars to leverage now and interest rates on home equity loans, in particular, markedly lower than many borrowing alternatives, it makes sense to use the money you already have readily available. And that's true whether you're looking to borrow a smaller amount, such as $25,000, or a larger figure like $90,000. With home equity levels hitting a record high in 2025, you likely have either amount accessible now, whether that means using your current mortgage servicer or a competitor offering more affordable rates and terms.

But home equity loan borrowing should still be approached strategically, even if you have the funds to withdraw. Failure to make your repayments as agreed to could result in foreclosure. And that's a real risk with a home equity loan, as the funds will be distributed in a lump sum upfront – and expected to be repaid immediately. Going into the process with an informed understanding…

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