Compare The Cost of Borrowing

This simple chart can help you decide which type of loan to take out

Learn how much a $10,000, three-year loan will set you back with this easy guide.

LOAN TYPE
ESTIMATED APR
TOTAL COST (IN ADDITION TO PRINCIPAL)
MONTHLY PAYMENT
Credit card cash advance18 percent$3,223$357
Unsecured personal loan12 percent $1,957$332
Peer-to-peer loan11 percent$2,086$327
Secured home equity loan6 percent$1,252$304
Home equity line of credit*5 percent (variable)$1,090$300
*Not structured like a loan; these are the costs if you repay in three years.