| Intrafamily loan | Mortgage | Personal loan | |
|---|---|---|---|
| Loan amount | $100,000 | $100,000 | $100,000 |
| Interest rate | 4.61%1 | 6.39%2 | 16.49%3 |
| Loan term | 15 years | 15 years | 15 years |
| Total interest paid | $30,970.30 | $44,570.32 | $136,432.81 |
Disclosure Title
Source
Disclosure
1IRS.gov, July 2024 rate as of 06/2024. Total interest paid assumes a fixed interest rate compounded annually and a loan term of nine or more years.
2 Bankrate.com, average rate as of 6/25/2024. Total interest paid assumes a 15-year fixed-rate mortgage and a 20% down payment.
3Bankrate.com, average rate as of 6/25/2024. Total interest paid assumes a fixed interest rate and a credit score from 720 to 850.
Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.