Currently, I have 30years fixed mortgage with 6% interest rate. I purchased a house 2004 August.

I need some money to cash out to upgrade my car. I was offered 4.75% fixed 30years but it will cost "closing cost,tittle, and 0.5pt " or 5.125% fixed 30years but no any cost.

Or equity loan 4%(my current mortgage bank won't lend lower than 4% )

My loan balance is less than $160.000(24years left) and apprasal was $2360,000.

I am not planning to live here more than 5 years from now anyway.

But I need some cash to upgrade my car and I don't want make a big amount car payment every month also.

My credit score is an excerllent.

What is my option to choose or what is the best way for me?

Have you checked out some of the zero interest car loans out there, at least for first year, if they have a zero pay off penalty, use it, for year, pay off as much as you can off balance during that time, and borrow as little as needed on car in a year.

If you can get a 0% interest rate then go for it, Otherwise, I would shop around for a low rate HELOC,