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 Table Cost of Loan Comparison Home Equity Loan Seller Financing Total Interest Total Principal Total Cost of Loan Submit 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.