How much does a $15,000 home equity loan cost per month after the Fed cut interest rates?

Recent interest rate cuts may be beneficial for owners considering borrowing home equity now. RichHobson/Getty Images

If you're a homeowner in need of extra financing worth around $15,000 or so, your home equity may not feel like a natural first choice. Home equity levels , after all, are robust right now, so it's natural to consider it as a source for larger, five-figure borrowing amounts, not a relatively small amount. And, if you've previously secured a personal loan for this amount or have a credit card limit in line with $15,000, those may be understandable alternatives.

But the fall 2025 interest rate landscape should play a role in your consideration, too. Personal loan rates are comfortably over 10% right now, while credit card rates remain only slightly below a rec