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 of your HEA term, which can last up to 10 years. 

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What to expect

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No monthly payments

There are no monthly payments during the term of the agreement, which means no late fees. Maintain your cash flow for things like savings, bills, or just enjoying life.

Icon showing a document with text and a dollar sign, signifying the process of paying a one time origination fee on Unlock's Home Equity Agreement.

One-time origination fee

Like most other real estate transactions, there are closing costs. You’ll pay a fee equal to 4.9% of the lump sum you receive.

Icon showing two hands shaking, signifying the Home Equity Agreement (HEA) between a homeowner and Unlock, and third-party costs that may come into play in the process of closing the agreement.

Third-Party transaction costs

These may include a home appraisal, title and escrow fees, and recording fees.

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 you could pay when you end your agreement.

Starting Home Value

based on third-party appraised value

$600,000

Investment Payment

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

$60,000

Ending Home Value

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

$806,000

Unlock Share

Calculated by multiplying the ending home value by the Unlock percentage of 17%

$161,200

Home Equity Agreement Cost Estimator

An Unlock HEA gives you cash in exchange for a portion of your home’s future value. Access between $15,000 and $500,000 without monthly payments.

We use the full value of your home.
Our guidelines prevent investments which result in Unlock having more than a 49.9% share in the property
This is the amount of cash you are looking to get from Unlock.
Unlock guidelines prevent investments less than $15,000
2%
Home Value
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Select an exit year

Your Final Home Value:

$—

Homeowner’s Share:

$—

Unlock’s Share:1

$—

Annualized Cost:

—%

Unlock’s share shows approximate HEA costs if your agreement ends in {{Year}} years with {{Appreciation}} annual home value appreciation. Click Apply Now to get your personalized offer and pricing.

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Important Info

1 You will pay this amount when your agreement ends

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 Annualized Cost Limit (ACL) sets a maximum return of 19.9% per year on Unlock’s investment (or lower if required by state law). This cap helps protect you from paying too much if your home value rises quickly and/or you settle early.

The above is based on a exchange rate of 1.8

The above estimate is for informational purposes only.

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