Is it better to use a Home Equity Line of Credit or to do a "cash out" refinance despite a higher interest rate?

Enter original loan amount
Enter rate
Select term
Monthly principal & interest payment

New Home Equity Line of Credit

Enter HELOC Amount
Enter Rate
Enter Term
Monthly Payment
Combined Loan Balances
Total New Payment

New Cash Out Refinance

Cash Out Amount
Enter Rate
Select Term
Remaining Loan Balance
New Total Loan Amount
New Monthly Payment
The payment savings realized by using a cash out refi vs. your current loan + a HELOC

*Yet this may change. Use this next section below to see what happens if rates go up. As HELOC Rate Rises:

Adjust HELOC Rate
New HELOC Payment
New Total Payment
Future possible savings by using a Cash Out Refi