In order to do you to, the brand new Smiths would have needed to borrow the cash using good family collateral mortgage, best? Bankrate claims that from inside the 2012, six.5% are a fair rate of interest to have a home guarantee financing. Having fun with one to rate of interest by way of example, an equivalent loan amortization might have contributed to good $50,one hundred thousand mortgage costing $8,698 inside desire.