{
  "id": 4006312,
  "title": "How much will a $40,000 home equity loan cost per month if opened this September?",
  "url": "https://urgent.news/2026/08/28/how-much-will-a-40-000-home-equity-loan-cost-per-month-if-opened-this",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T18:17:15.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/how-much-will-40000-home-equity-loan-monthly-september-2026/"
  },
  "original_language": "en",
  "account": "A $40,000 home equity loan can cost anywhere from $386 to $488 per month, depending on the repayment period and current interest rate. With a fixed interest rate of 8.14%, a 10-year loan would amount to $488.27 monthly, while a 15-year loan would be $385.50 per month. However, these rates are higher than they were in April, when a similar loan would have cost $463.61 monthly for a 10-year term and $358.64 for a 15-year term. Borrowers with good credit may qualify for even lower rates and better terms, making a home equity loan a worthwhile financing option despite the increased cost now.",
  "summary": "While not as cheap as it was earlier in 2026, a $40,000 home equity loan opened in September can still be affordable.",
  "key_points": [
    "$40,000 home equity loan costs $386-$488 per month",
    "Fixed 8.14% rate makes 10-year loan $488.27 monthly",
    "Rates higher than April, similar loan cost $463.61 then"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "RTI Commission announces September activities to mark 2026 RTI Month",
        "url": "https://urgent.news/2026/08/28/rti-commission-announces-september-activities-to-mark-2026-rti-month",
        "published": "2026-08-28T17:56:55.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}