Home Equity Loan or Line of Credit? Calculator

There's more than one way to get extra cash for projects, purchases and repairs.

Decide if you want your loan in one chunk or a series of smaller amounts.

You can take your pick of repayment approaches. Both Home Equity products can be used for similar purposes - everything from remodeling projects to trips to tuition costs. The difference is how you receive the money and then pay it back. With a regular loan, you get the cash all at once and then make equal monthly payments. With line of credit, you access your money only as needed, and then pay a portion of the outstanding balance each month. This calculator lets  you compare approaches to see which one might best fit your budget.

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Andrews Federal members received over $12 Million in direct member benefits through lower fees, lower loan rates and higher deposit yields.