What it Costs:

With an Unlock Home Equity Agreement (HEA), you receive a lump sum of cash today in exchange for a share of your home’s future value. The cost of your HEA is based on how much or how little your home appreciates during the length your HEA term, which can last up to 10 years.

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No Monthly Payments

Since an HEA is a no-loan option for accessing home equity, there are no monthly payments or interest charges during the term of the agreement.

One-Time Origination Fee

You’ll pay a fee equal to 4.9% of the lump sum you receive.

Third-Party Costs

These may include:

Home appraisal: Can range between $350 to $700 (depending on the type of appraisal)
Title and escrow fees: $1,050
Recording fees: $200

Settlement Amount

When the agreement ends — usually through a sale or refinance — you will pay a percentage of the home’s value as agreed to in your HEA. The examples below illustrate how much could pay when you end your agreement.

$600,000

Starting Home Value based on third-party appraised value

$60,000

Investment Payment or 10% of Initial Appraised Value *less origination fees and costs

$806,000

Ending Home Value (3% appreciation rate annually. Settlement at 10 years.)

$161,200

Unlock Share (Calculated by multiplying the ending home value by the Unlock percentage of 20%)

Home Equity Agreement Cost Estimator

An Unlock HEA gives you cash in exchange for a portion of your home’s future value. Access between $30,000 and $500,000 without monthly payments.

Current home value:

We Use the full Value of your Home

Home Equity Agreement:

This is the amount of cash you are looking to get from Unlock

Home price appreciation:

1.5%

Home Value

Select an exit year

Your Final Home Value:

Homeowner’s Share:

Unlock’s Share:¹

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Amount you receive represents gross investment proceeds. Transaction expenses and an origination fee of 4.9% will be deducted at closing. Transaction expenses include appraisal, title, credit and escrow fees paid to third parties and may vary depending on property specific factors.

The above estimate is for informational purposes only.

This estimator is for informational purposes only.
not available in all states
Terms and conditions apply.

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