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Around $313,000. That's at their disposal right now.

With , according to an August report, depending on your circumstances, you may have even more to borrow right now. While most lenders will require owners to keep a 20% equity threshold in the home, it's easy to borrow a smaller amount, like $50,000. And with a , specifically, you can do so with an that's materially lower than you'd otherwise receive with a personal loan or credit card.

With the issued just this week, then, this unique home equity borrowing tool is positioned to become even more affordable. Before getting started, however, homeowners should first calculate their potential costs. , so it's important to get the figures right. But how much will a $50,000 home equity loan cost per month now that the Fed's cut interest rates again? That's what we'll examine below.

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Calculating the interest on a home equity loan is straightforward thanks to the the product comes with. While these rates can be in the future, here's what a $50,000 home equity loan will cost per month now, after the Fed cut rates this week:

For context, here are the costs associated with a , after the Fed issued its first rate cut since 2020:

And here's , after rates had ticked up from those averages:

So expenses here haven't changed dramatically, but they are cheaper than they were at the start of 2025 and even a bit better than they were last September. And, if you're a qualified borrower with a and clean credit history, you may be able to find an even lower rate by shopping around online right now. 

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A home equity loan isn't your only cost-effective way to borrow home equity now. Right now, a actually comes with a slightly lower average rate of just 8.05%. But HELOC rates are variable, more responsive to market conditions than a fixed-rate home equity loan and are likely to for borrowers, making accurate budgeting difficult. Still, if you're looking for the lowest home equity rate available now and want to position yourself for additional rate reductions without having to refinance like you would with a home equity loan, a HELOC can be worth exploring.

A $50,000 home equity loan comes with monthly payments between $487 and $618, approximately, for qualified borrowers. And while those aren't materially cheaper than they were last fall or at the start of 2025, they are cheaper. Added up over 10 or 15 years, borrowers are now positioned to realize significant savings. So, if you know you need to borrow a five-figure sum of money and don't want to pay a lot in interest to do so, a $50,000 home equity loan could be worth pursuing now that the Fed's cutting interest rates again.