Rates, costs & fees
HELOC rates, costs, and fees determine what borrowing actually costs you. Most HELOC rates are variable, calculated as the prime rate plus a lender-set margin, so your payment moves with Federal Reserve policy. On top of interest, you may face closing costs and ongoing fees, and your credit score directly shapes the rate you are offered.
- Are HELOC rates negotiable?
- HELOC APR vs. interest rate
- HELOC closing costs and fees
- HELOC intro & teaser rates explained
- HELOC rate caps and floors explained
- How are HELOC rates set? Prime + margin
- How HELOC rates move: 2026 rate trends
- How to get the best HELOC rate
- Understanding HELOC rate trends
- What credit score do you need for a HELOC?
Frequently asked questions
How are HELOC interest rates determined?
HELOC rates are usually variable and equal the prime rate plus a lender margin. The prime rate moves with Fed policy, so your rate changes over time. Your margin is fixed at closing and depends on your credit score, loan-to-value ratio, and line size, with margins often ranging from roughly 0.25% to 2% above prime.
What are the closing costs and fees on a HELOC?
HELOC closing costs typically run about 2–5% of your credit line, covering appraisal, title, and processing, though some lenders waive them. Watch for ongoing fees too, such as annual fees, inactivity fees, and early-closure fees if you pay off and close the line within a few years.