Cash-Out Refinance or Second Mortgage? If a second mortgage … A home equity loan or HELOC?

My house is valued 2-375K. I left it for 12 years and 88K. My current interest rate loan is 4.9. I need to borrow 220K and the need for this basic amount. With today’s rates are about 5.6 30, I know refinancing is not an option. What would be better for me to HEL or HELOC? What is my payment in 30 years, 15 years? Thank you

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