# Monthly payments on a $90,000 home equity loan now

> Home equity loan payments are more affordable than they've been in years, but borrowing strategically matters.
- Title: Monthly payments on a $90,000 home equity loan now · CBS News
- Summary: Home equity loan payments are more affordable than they've been in years, but borrowing strategically matters. A $90,000 home equity loan costs between $867…
- Keywords: home equity loans, interest rates, monthly payments, borrowing, home financing, mortgage, federal reserve, foreclosure risk, credit scores, loan terms, news, Monthly
- Source: CBS News — https://cbsnews.com/news/what-are-monthly-payments-on-90000-home-equity-loan
- Author: Matt  Richardson
- Published: 2026-09-16T18:12:08+00:00
- Read time: 1 min
- Topics: home equity loans, interest rates, monthly payments, borrowing, home financing, mortgage, federal reserve, foreclosure risk, credit scores, loan terms, news
## Home equity borrowing is rising
Homeowners are tapping record equity levels in 2025, with trillions of dollars available to borrow at rates lower than many alternatives.
## Foreclosure risk is real
Home equity loans distribute funds as a lump sum upfront and expect immediate repayment. Missing payments can result in foreclosure of your home.

> Failure to make your repayments as agreed to could result in foreclosure.
## Current rates and payment options
The average home equity loan rate is 8.14% as of September 2026. A $90,000 loan costs $1,098.62 monthly over 10 years or $867.38 over 15 years.
## Rates have dropped significantly
In October 2024, the same $90,000 loan cost $1,114.43 monthly over 10 years. Today's rates are lower, making borrowing more affordable than it's been in the past two years.
## Shop around before rates rise
Homeowners can find even lower rates by shopping online with multiple lenders. Locking in rates now makes sense before interest rates increase again.
## Borrow only what you can repay
The bottom line: only borrow amounts you can easily afford to repay over the loan term. Speaking with lenders directly helps ensure you succeed and avoid foreclosure.
## Key takeaway

A $90,000 home equity loan costs between $867 and $1,098 per month depending on term length, down from higher rates in recent years.