2nd measures to utilize a beneficial HELOC or home security loan to help you pay off the auto loan However, let's assume you obtain $20,000 at the seven.5%, that have a good $thirty-five yearly fee. This is how brand new mathematics can add up, while a great sixty-day payoff purpose. ????? Verdict: Playing with good HELOC to pay off an auto loan saves $step one,457 inside the appeal and you will decrease monthly installments of the $21. When you're yes a property equity loan or HELOC is the right flow, your next action try finding the optimum financial While the…