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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What to expect

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.

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.

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 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 20%

$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
This is the amount of cash you are looking to get from Unlock
1.5%
Home Value
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Select an exit year

Your Final Home Value:

$—

Homeowner’s Share:

$—

Unlock’s Share:

$—

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Important Info
*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.

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