Here's how much a $25,000 HELOC costs monthly now that the Fed's cutting rates again

Homeowners should carefully calculate their potential monthly costs before borrowing equity with a HELOC. Kseniya Ovchinnikova/Getty Images

If you have a good credit score and a reliable employment history, securing a credit card with a borrowing limit of $25,000 may be relatively easy to do. But, right now, it's not particularly affordable.

With the average credit card interest rate hovering around 22% now, just under a record high reached last year, it's more expensive than ever to borrow with a card. And with rate relief unlikely to be issued in a material amount anytime soon , it's likely to continue to remain so for the foreseeable future.

Fortunately, if you're a homeowner now, you likely have access to an amount of funding that's many times higher than this $25,000.