equity interest only loan

Interest only ten years. Fixed rate seconds, piggyback 2nd, 80 10 10, 80 15 5, 80 20.. What is the interest rate on the home equity loan?. Could this loan exceed $24000? Loan: 60 months Type: Home equity-Interest only Amount: $20000 Rate: 7.5% Fixed. 5 stars Answer by Researcher Patricia. If you need extra cash, a home equity loan can be an excellent source of financing. However, you should learn as much as you can about these loans before. Payment Total Devina - an owned Interest Paid Equity Mortgage $99795.37 $85124.35 $14671.03 Int Only Loan $87500.00 $87500.00 $ 0.00. So, after

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