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A home equity loan rate comparison is a vital tool you can use to see which lenders will give you the most bang for your buck. Interest rates do make a difference and even if there seems to be just a small percentage difference between two or three lenders, realize that this can cost you a ton of money in the end. Fees, loan closing costs and other stipulations can also add thousands of dollars to a loan. Every consumer should do a home equity loan rate comparison between lenders before agreeing to sign with any. There are many online tools that help you plug in information so that you can grasp the clear picture of what your home equity loan will end up costing you.