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), CHEIFS costs 13.7% a year versus 15.9% for Splitero.
Splitero is cheaper below about 2.1% annual growth; CHEIFS is cheaper above it (settling after 7 years).
Settle within 3 years and CHEIFS is cheaper; hold for 10 and Splitero is.
Side by side
| Splitero | CHEIFS | |
|---|---|---|
| What they call it | Home Equity Investment (an option purchase agreement) | Home equity investment agreement |
| How you repay | Share of your home's future value (the Split Percentage) | Share of your home's future value, up to 2.25× the share you received |
| Multiplier | 2× of total value | 2.25× of total value |
| Cash available | Up to $600K | $70K to $2M |
| Max share of home value | 25% | Not published |
| Equity you must keep | Not published | 35% or 50% after funding, by program |
| Fee | 4.99% | 1.99% or 2.99%, by program |
| Cost cap | 17.99% a year, compounded monthly | 12.99% a year or 14.99%, by program |
| Term | 10 to 30 years (matches your mortgage) | No scheduled end date |
| Minimum credit score | 500 | 680 |
| 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: Splitero · CHEIFS. 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 | |||
|---|---|---|---|---|---|---|
| Splitero | CHEIFS | Splitero | CHEIFS | Splitero | CHEIFS | |
| 0% a year | 22.3% | 14.7% | 11.5% | 13.0% | 7.9% | 8.9% |
| 2% a year | 22.3% | 14.7% | 13.7% | 13.7% | 10.1% | 11.1% |
| 4% a year | 22.3% | 14.7% | 15.9% | 13.7% | 12.2% | 13.3% |
| 6% a year | 22.3% | 14.7% | 18.2% | 13.7% | 14.4% | 13.5% |
| 8% a year | 22.3% | 14.7% | 20.4% | 13.7% | 16.5% | 13.5% |
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: Splitero: share of your home's future value (the split percentage). CHEIFS: share of your home's future value, up to 2.25× the share you received.
- Time to settle: Splitero 10 to 30 years (matches your mortgage); CHEIFS no scheduled end date.
- Cost cap: Splitero 17.99% a year, compounded monthly; CHEIFS 12.99% a year or 14.99%, by program.
- How much you can take: Splitero up to 25% of your home's value; CHEIFS doesn't publish a limit.
- Credit: Splitero minimum 500; CHEIFS minimum 680.
Which fits you
- Your home may not appreciate much: Splitero (11.5% vs 13.0% at 0% over 7 years).
- You expect strong growth: CHEIFS (13.7% vs 20.4% at 8% over 7 years).
- You might settle within 3 years: CHEIFS (14.7% vs 22.3%).
- You need more than 10 years: Splitero, which allows up to 30 years.
Questions
Is Splitero or CHEIFS cheaper?
In our standard example ($100,000 against a $750,000 home with a $300,000 mortgage, 4% growth, 7 years), CHEIFS costs 13.7% a year versus 15.9% for Splitero. Splitero is cheaper below about 2.1% annual growth; CHEIFS is cheaper above it (settling after 7 years).
Which is better if I settle early, Splitero or CHEIFS?
Settling after 3 years at 4% growth, CHEIFS costs 14.7% a year versus 22.3%.
More comparisons
Point vs Hometap
Compare →Point vs Unlock
Compare →Point vs Unison
Compare →Point vs Splitero
Compare →Point vs CHEIFS
Compare →Hometap vs Unlock
Compare →Hometap vs Unison
Compare →Hometap vs Splitero
Compare →Hometap vs CHEIFS
Compare →Unlock vs Unison
Compare →Unlock vs Splitero
Compare →Unlock vs CHEIFS
Compare →Unison vs Splitero
Compare →Unison vs CHEIFS
Compare →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.
Open the HEI CalculatorGet a free offer reviewHEI Compare, HEI Calculator, HEI Facts, and HEI Offers are sister sites run by the same independent team, using the same provider terms and the same cost model. About us.