Purchase Information Loan amount? $ Available rebate? $ Home Equity Loan Interest rate? % Loan term (years)? Seller Financing Interest rate? % Loan term (years)? Printer-friendly version Home Equity Loan Loan Amount Monthly Payment Seller Financing Loan Amount Monthly Payment Chart TableCost of Loan ComparisonHome Equity LoanSeller FinancingTotal InterestTotal PrincipalTotal Cost of LoanSubmit When making a major purchase, using a home equity loan or line of credit is an alternative to financing offers often provided by a seller or manufacturer. In such cases, buyers often have the option of taking the seller-provided financing offer or a rebate on their purchase. Taking the rebate and using the equity in your home may provide a better alternative to the seller financing.