The short answer
In our standard example ($100,000 against a $750,000 home with a $300,000 mortgage, 4% growth, settled after 7 years), Hometap costs 14.1% a year versus 15.9% for Splitero.
Hometap is cheaper at every growth rate we tested (-3% to 10% a year) over 7 years.
Settle within 3 years and Splitero is cheaper; hold for 10 and Hometap is.
Side by side
| Hometap | Splitero | |
|---|---|---|
| What they call it | Home Equity Investment | Home Equity Investment (an option purchase agreement) |
| How you repay | Share of your home's total value at settlement | Share of your home's future value (the Split Percentage) |
| Cash available | $15K to $600K | Up to $600K |
| Max share of home value | 27% | 25% |
| Equity you must keep | 25% after funding | Not published |
| Fee | Up to 4.5% Fee from a third-party review | 4.99% |
| Cost cap | 18.5% a year, compounded monthly | 17.99% a year, compounded monthly |
| Term | 10 years | 10 to 30 years (matches your mortgage) |
| Minimum credit score | 585 | 500 |
| Shares losses if value falls | Yes, you owe a share of a lower value | Yes, you owe a share of a lower value |
Full reviews: Hometap · Splitero. Sources for every term.
Cost at different growth rates and timelines
Effective annual cost for $100,000 against a $750,000 home with a $300,000 mortgage. The cheaper of the two is highlighted.
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Hometap | Splitero | Hometap | Splitero | Hometap | Splitero | |
| 0% a year | 20.6% | 22.3% | 9.7% | 11.5% | 6.7% | 7.9% |
| 2% a year | 22.7% | 22.3% | 11.9% | 13.7% | 8.8% | 10.1% |
| 4% a year | 22.7% | 22.3% | 14.1% | 15.9% | 11.0% | 12.2% |
| 6% a year | 22.7% | 22.3% | 16.3% | 18.2% | 13.1% | 14.4% |
| 8% a year | 22.7% | 22.3% | 18.5% | 20.4% | 15.2% | 16.5% |
Ten-year agreements are shown at year 10 when you'd hold longer. Open this example in the calculator, or see every provider on one chart in the 2026 cost study.
Key differences
- How you repay: Hometap: share of your home's total value at settlement. Splitero: share of your home's future value (the split percentage).
- Time to settle: Hometap 10 years; Splitero 10 to 30 years (matches your mortgage).
- Cost cap: Hometap 18.5% a year, compounded monthly; Splitero 17.99% a year, compounded monthly.
- How much you can take: Hometap up to 27% of your home's value; Splitero up to 25% of your home's value.
- Credit: Hometap minimum 585; Splitero minimum 500.
Which fits you
- Your home may not appreciate much: Hometap (9.7% vs 11.5% at 0% over 7 years).
- You expect strong growth: Hometap (18.5% vs 20.4% at 8% over 7 years).
- You might settle within 3 years: Splitero (22.3% vs 22.7%).
- You need more than 10 years: Splitero, which allows up to 30 years.
Questions
Is Hometap or Splitero cheaper?
In our standard example ($100,000 against a $750,000 home with a $300,000 mortgage, 4% growth, 7 years), Hometap costs 14.1% a year versus 15.9% for Splitero. Hometap is cheaper at every growth rate we tested (-3% to 10% a year) over 7 years.
Which is better if I settle early, Hometap or Splitero?
Settling after 3 years at 4% growth, Splitero costs 22.3% a year versus 22.7%.
More comparisons
Run your own numbers
Every figure here uses a standard example. The calculator runs your home, your mortgage, and your assumptions through every provider at once.
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