Yes, usually. A home equity loan has a fixed rate and a steady payment.

Why is the rate higher than my first mortgage?

Because a home equity loan is a second mortgage, which carries more risk for lenders.

Home equity loan or HELOC?

A home equity loan is a fixed lump sum; a HELOC is flexible and variable. See HELOC Rates.

How much can I borrow?

Often up to a combined 80%–85% of your home's value, minus what you owe.

Will my payment change?

No. With a fixed rate, your payment stays the same.

What's the difference between rate and APR?

The rate sets your payment; the APR adds fees. See Rate vs APR.

How do I get my real rate?

Get a personalized quote. See See Personalized Rates (Refi).

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Home›Rates›Home Equity Loan Rates

Rates · Today's Rates

Today's home equity loan rates in California.

A home equity loan (a fixed second mortgage) gives you a one-time lump sum at a fixed rate with a steady payment. This page explains how its rates work and how to get yours. The live rate table belongs here.

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Today’s sample rates

Live Rates · California

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Monthly payment examples below are for a loan amount of $275,000 ($1,100,000 on Jumbo). Taxes and insurance are not included within the estimate; actual payment amount will be greater.

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See your real home equity loan rate

Rates vary by your profile. A personalized quote is most accurate.

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Quick answer

Home equity loan rates in California are usually fixed, so your payment never changes. They are often higher than a first-mortgage rate because the loan sits behind your main mortgage. Your rate depends on your credit, equity, and the lender. Unlike a HELOC, the rate and payment stay steady.

What affects your home equity loan rate

FactorHow it affects your rate

Credit scoreHigher score, usually lower rate

Equity (CLTV)More equity can help pricing

Loan termAffects the rate offered

LenderPricing varies

The marketMoves rates. See What Moves Rates

Fixed rate: what to know

A home equity loan has a fixed rate, so your payment is predictable for the whole term. That makes it a good fit when you know the exact amount you need and want stability. Because it is a second mortgage, the rate is typically higher than a first mortgage. See Home Equity Loan (Second Mortgage).

Home equity loan vs HELOC vs cash-out

Home equity loan: Fixed lump sum, steady payment.

HELOC: Flexible, usually variable. See HELOC Rates.

Cash-out refinance: Replaces your first mortgage. See HELOC vs Cash-Out Refi.

Good questions

Frequently asked questions

They change with the market. The live table shows ranges; your rate depends on your profile.

Next steps

Compare, then get a quote

If you want a fixed lump sum and a steady payment, a home equity loan fits. Compare it with a HELOC, then get a quote. EZ Online Mortgage can show your personalized home equity loan rate and compare it with other options.

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Keep learning

Home Equity Loan (Second Mortgage) HELOC Rates Home Equity See Personalized Rates (Refi)

This page is for education only. It is not a loan offer or a rate quote. Rates change daily and depend on your individual circumstances. Equal Housing Opportunity · NMLS #362311 · CA DRE #01871814.

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