Every figure uses our standard example: $100,000 against a $750,000 home with a $300,000 mortgage.
Point vs Hometap
The short answer
At 4% growth, settled after 7 years, Hometap costs 14.1% a year versus 14.3% for Point.
Point is cheaper below about 3.6% annual growth, Hometap between 3.6% and 8.5%, and Point again above 8.5%, where its cost cap takes over (settling after 7 years).
Settle within 3 years and Point is cheaper; hold for 10 and Hometap is.
Which fits you
- Your home may not appreciate much: Point (8.3% vs 9.7% at 0% over 7 years).
- You expect strong growth: Hometap (18.5% vs 18.9% at 8% over 7 years).
- You might settle within 3 years: Point (20.2% vs 22.7%).
- You need more than 10 years: Point, which allows up to 30 years.
Key differences
- How you repay: Point: share of your home's gain, measured from a starting value set below your appraisal. Hometap: share of your home's total value at settlement.
- Time to settle: Point up to 30 years; Hometap 10 years.
- Cost cap: Point 18% a year; Hometap 18.5% a year, compounded monthly.
- Starting value: Point measures gain from 27% below your appraisal.
- How much you can take: Point doesn't publish a limit; Hometap up to 27% of your home's value.
- Credit: Point minimum 500; Hometap minimum 585.
See Point and Hometap side by sideEvery published term, row by row
| Point | Hometap | |
|---|---|---|
| What they call it | Home Equity Investment (HEI) | Home Equity Investment |
| How you repay | Share of your home's gain, measured from a starting value set below your appraisal | Share of your home's total value at settlement |
| Multiplier | 2.4× of the gain | 1.65× if settled by year 5, then 1.8× of total value |
| Cash available | $30K to $600K | $15K to $600K |
| Max share of home value | Not published | 27% |
| Equity you must keep | More than 20% after funding Not published; our assumption | 25% after funding |
| Fee | Up to 3.9% (minimum $2,000) | Up to 4.5% Fee from a third-party review |
| Cost cap | 18% a year | 18.5% a year, compounded monthly |
| Term | Up to 30 years | 10 years |
| Minimum credit score | 500 | 585 |
| Shares losses if value falls | Yes, below the starting value | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Point | Hometap | Point | Hometap | Point | Hometap | |
| 0% a year | 20.2% | 20.6% | 8.3% | 9.7% | 5.7% | 6.7% |
| 2% a year | 20.2% | 22.7% | 11.3% | 11.9% | 8.7% | 8.8% |
| 4% a year | 20.2% | 22.7% | 14.3% | 14.1% | 11.5% | 11.0% |
| 6% a year | 20.2% | 22.7% | 17.1% | 16.3% | 14.1% | 13.1% |
| 8% a year | 20.2% | 22.7% | 18.9% | 18.5% | 16.7% | 15.2% |
Point vs Unlock
The short answer
At 4% growth, settled after 7 years, Point costs 14.3% a year versus 15.9% for Unlock.
Point is cheaper at every growth rate we tested (-3% to 10% a year) over 7 years.
Point is also cheaper if you settle within 3 years or hold for 10.
Which fits you
- Your home may not appreciate much: Point (8.3% vs 11.5% at 0% over 7 years).
- You expect strong growth: Point (18.9% vs 20.4% at 8% over 7 years).
- You might settle within 3 years: Point (20.2% vs 22.6%).
- You need more than 10 years: Point, which allows up to 30 years.
Key differences
- How you repay: Point: share of your home's gain, measured from a starting value set below your appraisal. Unlock: share of your home's future value, set with an exchange rate.
- Time to settle: Point up to 30 years; Unlock 10 years.
- Cost cap: Point 18% a year; Unlock 19.9% a year.
- Starting value: Point measures gain from 27% below your appraisal.
See Point and Unlock side by sideEvery published term, row by row
| Point | Unlock | |
|---|---|---|
| What they call it | Home Equity Investment (HEI) | Home Equity Agreement (HEA) |
| How you repay | Share of your home's gain, measured from a starting value set below your appraisal | Share of your home's future value, set with an exchange rate |
| Multiplier | 2.4× of the gain | 2× of total value |
| Cash available | $30K to $600K | $15K to $500K |
| Max share of home value | Not published | Not published |
| Equity you must keep | More than 20% after funding Not published; our assumption | 30% after funding |
| Fee | Up to 3.9% (minimum $2,000) | Up to 4.9% Exchange rate and cap from a third-party review |
| Cost cap | 18% a year | 19.9% a year |
| Term | Up to 30 years | 10 years |
| Minimum credit score | 500 | 500 |
| Shares losses if value falls | Yes, below the starting value | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Point | Unlock | Point | Unlock | Point | Unlock | |
| 0% a year | 20.2% | 22.6% | 8.3% | 11.5% | 5.7% | 7.9% |
| 2% a year | 20.2% | 22.6% | 11.3% | 13.7% | 8.7% | 10.0% |
| 4% a year | 20.2% | 22.6% | 14.3% | 15.9% | 11.5% | 12.2% |
| 6% a year | 20.2% | 22.6% | 17.1% | 18.1% | 14.1% | 14.4% |
| 8% a year | 20.2% | 22.6% | 18.9% | 20.4% | 16.7% | 16.5% |
Point vs Unison
The short answer
At 4% growth, settled after 7 years, Point costs 14.3% a year versus 14.7% for Unison.
Unison is cheaper below about 3.6% annual growth; Point is cheaper above it (settling after 7 years).
Point is also cheaper if you settle within 3 years or hold for 10.
Which fits you
- Your home may not appreciate much: Unison (3.5% vs 8.3% at 0% over 7 years).
- You expect strong growth: Point (18.9% vs 23.1% at 8% over 7 years).
- You might settle within 3 years: Point (20.2% vs 21.6%).
Key differences
- How you repay: Point: share of your home's gain, measured from a starting value set below your appraisal. Unison: share of your home's change in value, up or down.
- Cost cap: Point 18% a year; Unison publishes none.
- Starting value: Point measures from 27% below your appraisal; Unison from 5% below.
- How much you can take: Point doesn't publish a limit; Unison up to 15% of your home's value.
- Credit: Point minimum 500; Unison doesn't publish one.
See Point and Unison side by sideEvery published term, row by row
| Point | Unison | |
|---|---|---|
| What they call it | Home Equity Investment (HEI) | Equity Sharing Agreement |
| How you repay | Share of your home's gain, measured from a starting value set below your appraisal | Share of your home's change in value, up or down |
| Multiplier | 2.4× of the gain | 4× of the gain |
| Cash available | $30K to $600K | Up to $500K |
| Max share of home value | Not published | 15% |
| Equity you must keep | More than 20% after funding Not published; our assumption | More than 20% after funding Not published; our assumption |
| Fee | Up to 3.9% (minimum $2,000) | Up to 3.9% |
| Cost cap | 18% a year | None published |
| Term | Up to 30 years | Up to 30 years |
| Minimum credit score | 500 | Not published |
| Shares losses if value falls | Yes, below the starting value | Yes |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Point | Unison | Point | Unison | Point | Unison | |
| 0% a year | 20.2% | 8.3% | 8.3% | 3.5% | 5.7% | 2.4% |
| 2% a year | 20.2% | 15.2% | 11.3% | 9.6% | 8.7% | 8.2% |
| 4% a year | 20.2% | 21.6% | 14.3% | 14.7% | 11.5% | 12.7% |
| 6% a year | 20.2% | 27.6% | 17.1% | 19.1% | 14.1% | 16.5% |
| 8% a year | 20.2% | 33.3% | 18.9% | 23.1% | 16.7% | 20.0% |
Point vs Splitero
The short answer
At 4% growth, settled after 7 years, Point costs 14.3% a year versus 15.9% for Splitero.
Point is cheaper at every growth rate we tested (-3% to 10% a year) over 7 years.
Point is also cheaper if you settle within 3 years or hold for 10.
Which fits you
- Your home may not appreciate much: Point (8.3% vs 11.5% at 0% over 7 years).
- You expect strong growth: Point (18.9% vs 20.4% at 8% over 7 years).
- You might settle within 3 years: Point (20.2% vs 22.3%).
Key differences
- How you repay: Point: share of your home's gain, measured from a starting value set below your appraisal. Splitero: share of your home's future value (the split percentage).
- Cost cap: Point 18% a year; Splitero 17.99% a year, compounded monthly.
- Starting value: Point measures gain from 27% below your appraisal.
- How much you can take: Point doesn't publish a limit; Splitero up to 25% of your home's value.
See Point and Splitero side by sideEvery published term, row by row
| Point | Splitero | |
|---|---|---|
| What they call it | Home Equity Investment (HEI) | Home Equity Investment (an option purchase agreement) |
| How you repay | Share of your home's gain, measured from a starting value set below your appraisal | Share of your home's future value (the Split Percentage) |
| Multiplier | 2.4× of the gain | 2× of total value |
| Cash available | $30K to $600K | Up to $600K |
| Max share of home value | Not published | 25% |
| Equity you must keep | More than 20% after funding Not published; our assumption | More than 20% after funding Not published; our assumption |
| Fee | Up to 3.9% (minimum $2,000) | 4.99% |
| Cost cap | 18% a year | 17.99% a year, compounded monthly |
| Term | Up to 30 years | 10 to 30 years (matches your mortgage) |
| Minimum credit score | 500 | 500 |
| Shares losses if value falls | Yes, below the starting value | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Point | Splitero | Point | Splitero | Point | Splitero | |
| 0% a year | 20.2% | 22.3% | 8.3% | 11.5% | 5.7% | 7.9% |
| 2% a year | 20.2% | 22.3% | 11.3% | 13.7% | 8.7% | 10.1% |
| 4% a year | 20.2% | 22.3% | 14.3% | 15.9% | 11.5% | 12.2% |
| 6% a year | 20.2% | 22.3% | 17.1% | 18.2% | 14.1% | 14.4% |
| 8% a year | 20.2% | 22.3% | 18.9% | 20.4% | 16.7% | 16.5% |
Point vs CHEIFS
The short answer
At 4% growth, settled after 7 years, CHEIFS costs 13.7% a year versus 14.3% for Point.
Point is cheaper below about 3.7% annual growth; CHEIFS is cheaper above it (settling after 7 years).
Settle within 3 years and CHEIFS is cheaper; hold for 10 and Point is.
Which fits you
- Your home may not appreciate much: Point (8.3% vs 13.0% at 0% over 7 years).
- You expect strong growth: CHEIFS (13.7% vs 18.9% at 8% over 7 years).
- You might settle within 3 years: CHEIFS (14.7% vs 20.2%).
- You need more than 10 years: Point, which allows up to 30 years.
Key differences
- How you repay: Point: share of your home's gain, measured from a starting value set below your appraisal. CHEIFS: share of your home's future value, up to 2.25× the share you received.
- Time to settle: Point up to 30 years; CHEIFS no scheduled end date.
- Cost cap: Point 18% a year; CHEIFS 12.99% a year or 14.99%, by program.
- Starting value: Point measures gain from 27% below your appraisal.
- Credit: Point minimum 500; CHEIFS minimum 680.
See Point and CHEIFS side by sideEvery published term, row by row
| Point | CHEIFS | |
|---|---|---|
| What they call it | Home Equity Investment (HEI) | Home equity investment agreement |
| How you repay | Share of your home's gain, measured from a starting value set below your appraisal | Share of your home's future value, up to 2.25× the share you received |
| Multiplier | 2.4× of the gain | 2.25× of total value |
| Cash available | $30K to $600K | $70K to $2M |
| Max share of home value | Not published | Not published |
| Equity you must keep | More than 20% after funding Not published; our assumption | 35% or 50% after funding, by program |
| Fee | Up to 3.9% (minimum $2,000) | 1.99% or 2.99%, by program |
| Cost cap | 18% a year | 12.99% a year or 14.99%, by program |
| Term | Up to 30 years | No scheduled end date |
| Minimum credit score | 500 | 680 |
| Shares losses if value falls | Yes, below the starting value | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Point | CHEIFS | Point | CHEIFS | Point | CHEIFS | |
| 0% a year | 20.2% | 14.7% | 8.3% | 13.0% | 5.7% | 8.9% |
| 2% a year | 20.2% | 14.7% | 11.3% | 13.7% | 8.7% | 11.1% |
| 4% a year | 20.2% | 14.7% | 14.3% | 13.7% | 11.5% | 13.3% |
| 6% a year | 20.2% | 14.7% | 17.1% | 13.7% | 14.1% | 13.5% |
| 8% a year | 20.2% | 14.7% | 18.9% | 13.7% | 16.7% | 13.5% |
Hometap vs Unlock
The short answer
At 4% growth, settled after 7 years, Hometap costs 14.1% a year versus 15.9% for Unlock.
Hometap is cheaper at every growth rate we tested (-3% to 10% a year) over 7 years.
Settle within 3 years and Unlock is cheaper; hold for 10 and Hometap is.
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: Unlock (22.6% vs 22.7%).
Key differences
- How you repay: Hometap: share of your home's total value at settlement. Unlock: share of your home's future value, set with an exchange rate.
- Cost cap: Hometap 18.5% a year, compounded monthly; Unlock 19.9% a year.
- How much you can take: Hometap up to 27% of your home's value; Unlock doesn't publish a limit.
- Credit: Hometap minimum 585; Unlock minimum 500.
See Hometap and Unlock side by sideEvery published term, row by row
| Hometap | Unlock | |
|---|---|---|
| What they call it | Home Equity Investment | Home Equity Agreement (HEA) |
| How you repay | Share of your home's total value at settlement | Share of your home's future value, set with an exchange rate |
| Multiplier | 1.65× if settled by year 5, then 1.8× of total value | 2× of total value |
| Cash available | $15K to $600K | $15K to $500K |
| Max share of home value | 27% | Not published |
| Equity you must keep | 25% after funding | 30% after funding |
| Fee | Up to 4.5% Fee from a third-party review | Up to 4.9% Exchange rate and cap from a third-party review |
| Cost cap | 18.5% a year, compounded monthly | 19.9% a year |
| Term | 10 years | 10 years |
| 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 |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Hometap | Unlock | Hometap | Unlock | Hometap | Unlock | |
| 0% a year | 20.6% | 22.6% | 9.7% | 11.5% | 6.7% | 7.9% |
| 2% a year | 22.7% | 22.6% | 11.9% | 13.7% | 8.8% | 10.0% |
| 4% a year | 22.7% | 22.6% | 14.1% | 15.9% | 11.0% | 12.2% |
| 6% a year | 22.7% | 22.6% | 16.3% | 18.1% | 13.1% | 14.4% |
| 8% a year | 22.7% | 22.6% | 18.5% | 20.4% | 15.2% | 16.5% |
Hometap vs Unison
The short answer
At 4% growth, settled after 7 years, Hometap costs 14.1% a year versus 14.7% for Unison.
Unison is cheaper below about 3.6% annual growth; Hometap is cheaper above it (settling after 7 years).
Settle within 3 years and Unison is cheaper; hold for 10 and Hometap is.
Which fits you
- Your home may not appreciate much: Unison (3.5% vs 9.7% at 0% over 7 years).
- You expect strong growth: Hometap (18.5% vs 23.1% at 8% over 7 years).
- You might settle within 3 years: Unison (21.6% vs 22.7%).
- You need more than 10 years: Unison, which allows up to 30 years.
Key differences
- How you repay: Hometap: share of your home's total value at settlement. Unison: share of your home's change in value, up or down.
- Time to settle: Hometap 10 years; Unison up to 30 years.
- Cost cap: Hometap 18.5% a year, compounded monthly; Unison publishes none.
- Starting value: Unison measures gain from 5% below your appraisal.
- How much you can take: Hometap up to 27% of your home's value; Unison up to 15% of your home's value.
- Credit: Hometap minimum 585; Unison doesn't publish one.
See Hometap and Unison side by sideEvery published term, row by row
| Hometap | Unison | |
|---|---|---|
| What they call it | Home Equity Investment | Equity Sharing Agreement |
| How you repay | Share of your home's total value at settlement | Share of your home's change in value, up or down |
| Multiplier | 1.65× if settled by year 5, then 1.8× of total value | 4× of the gain |
| Cash available | $15K to $600K | Up to $500K |
| Max share of home value | 27% | 15% |
| Equity you must keep | 25% after funding | More than 20% after funding Not published; our assumption |
| Fee | Up to 4.5% Fee from a third-party review | Up to 3.9% |
| Cost cap | 18.5% a year, compounded monthly | None published |
| Term | 10 years | Up to 30 years |
| Minimum credit score | 585 | Not published |
| Shares losses if value falls | Yes, you owe a share of a lower value | Yes |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Hometap | Unison | Hometap | Unison | Hometap | Unison | |
| 0% a year | 20.6% | 8.3% | 9.7% | 3.5% | 6.7% | 2.4% |
| 2% a year | 22.7% | 15.2% | 11.9% | 9.6% | 8.8% | 8.2% |
| 4% a year | 22.7% | 21.6% | 14.1% | 14.7% | 11.0% | 12.7% |
| 6% a year | 22.7% | 27.6% | 16.3% | 19.1% | 13.1% | 16.5% |
| 8% a year | 22.7% | 33.3% | 18.5% | 23.1% | 15.2% | 20.0% |
Hometap vs Splitero
The short answer
At 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.
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.
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.
See Hometap and Splitero side by sideEvery published term, row by row
| 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) |
| Multiplier | 1.65× if settled by year 5, then 1.8× of total value | 2× of total value |
| Cash available | $15K to $600K | Up to $600K |
| Max share of home value | 27% | 25% |
| Equity you must keep | 25% after funding | More than 20% after funding Not published; our assumption |
| 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 |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two 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% |
Hometap vs CHEIFS
The short answer
At 4% growth, settled after 7 years, CHEIFS costs 13.7% a year versus 14.1% for Hometap.
Hometap is cheaper below about 3.7% annual growth; CHEIFS is cheaper above it (settling after 7 years).
Settle within 3 years and CHEIFS is cheaper; hold for 10 and Hometap is.
Which fits you
- Your home may not appreciate much: Hometap (9.7% vs 13.0% at 0% over 7 years).
- You expect strong growth: CHEIFS (13.7% vs 18.5% at 8% over 7 years).
- You might settle within 3 years: CHEIFS (14.7% vs 22.7%).
- You need more than 10 years: Hometap, which allows up to 10 years.
Key differences
- How you repay: Hometap: share of your home's total value at settlement. CHEIFS: share of your home's future value, up to 2.25× the share you received.
- Time to settle: Hometap 10 years; CHEIFS no scheduled end date.
- Cost cap: Hometap 18.5% a year, compounded monthly; CHEIFS 12.99% a year or 14.99%, by program.
- How much you can take: Hometap up to 27% of your home's value; CHEIFS doesn't publish a limit.
- Credit: Hometap minimum 585; CHEIFS minimum 680.
See Hometap and CHEIFS side by sideEvery published term, row by row
| Hometap | CHEIFS | |
|---|---|---|
| What they call it | Home Equity Investment | Home equity investment agreement |
| How you repay | Share of your home's total value at settlement | Share of your home's future value, up to 2.25× the share you received |
| Multiplier | 1.65× if settled by year 5, then 1.8× of total value | 2.25× of total value |
| Cash available | $15K to $600K | $70K to $2M |
| Max share of home value | 27% | Not published |
| Equity you must keep | 25% after funding | 35% or 50% after funding, by program |
| Fee | Up to 4.5% Fee from a third-party review | 1.99% or 2.99%, by program |
| Cost cap | 18.5% a year, compounded monthly | 12.99% a year or 14.99%, by program |
| Term | 10 years | No scheduled end date |
| Minimum credit score | 585 | 680 |
| Shares losses if value falls | Yes, you owe a share of a lower value | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Hometap | CHEIFS | Hometap | CHEIFS | Hometap | CHEIFS | |
| 0% a year | 20.6% | 14.7% | 9.7% | 13.0% | 6.7% | 8.9% |
| 2% a year | 22.7% | 14.7% | 11.9% | 13.7% | 8.8% | 11.1% |
| 4% a year | 22.7% | 14.7% | 14.1% | 13.7% | 11.0% | 13.3% |
| 6% a year | 22.7% | 14.7% | 16.3% | 13.7% | 13.1% | 13.5% |
| 8% a year | 22.7% | 14.7% | 18.5% | 13.7% | 15.2% | 13.5% |
Unlock vs Unison
The short answer
At 4% growth, settled after 7 years, Unison costs 14.7% a year versus 15.9% for Unlock.
Unison is cheaper below about 5.1% annual growth; Unlock is cheaper above it (settling after 7 years).
Settle within 3 years and Unison is cheaper; hold for 10 and Unlock is.
Which fits you
- Your home may not appreciate much: Unison (3.5% vs 11.5% at 0% over 7 years).
- You expect strong growth: Unlock (20.4% vs 23.1% at 8% over 7 years).
- You might settle within 3 years: Unison (21.6% vs 22.6%).
- You need more than 10 years: Unison, which allows up to 30 years.
Key differences
- How you repay: Unlock: share of your home's future value, set with an exchange rate. Unison: share of your home's change in value, up or down.
- Time to settle: Unlock 10 years; Unison up to 30 years.
- Cost cap: Unlock 19.9% a year; Unison publishes none.
- Starting value: Unison measures gain from 5% below your appraisal.
- How much you can take: Unlock doesn't publish a limit; Unison up to 15% of your home's value.
- Credit: Unlock minimum 500; Unison doesn't publish one.
See Unlock and Unison side by sideEvery published term, row by row
| Unlock | Unison | |
|---|---|---|
| What they call it | Home Equity Agreement (HEA) | Equity Sharing Agreement |
| How you repay | Share of your home's future value, set with an exchange rate | Share of your home's change in value, up or down |
| Multiplier | 2× of total value | 4× of the gain |
| Cash available | $15K to $500K | Up to $500K |
| Max share of home value | Not published | 15% |
| Equity you must keep | 30% after funding | More than 20% after funding Not published; our assumption |
| Fee | Up to 4.9% Exchange rate and cap from a third-party review | Up to 3.9% |
| Cost cap | 19.9% a year | None published |
| Term | 10 years | Up to 30 years |
| Minimum credit score | 500 | Not published |
| Shares losses if value falls | Yes, you owe a share of a lower value | Yes |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Unlock | Unison | Unlock | Unison | Unlock | Unison | |
| 0% a year | 22.6% | 8.3% | 11.5% | 3.5% | 7.9% | 2.4% |
| 2% a year | 22.6% | 15.2% | 13.7% | 9.6% | 10.0% | 8.2% |
| 4% a year | 22.6% | 21.6% | 15.9% | 14.7% | 12.2% | 12.7% |
| 6% a year | 22.6% | 27.6% | 18.1% | 19.1% | 14.4% | 16.5% |
| 8% a year | 22.6% | 33.3% | 20.4% | 23.1% | 16.5% | 20.0% |
Unlock vs Splitero
The short answer
At 4% growth, settled after 7 years, Unlock and Splitero cost about the same, 15.9% a year.
Unlock is cheaper below about 8.3% annual growth; Splitero is cheaper above it (settling after 7 years).
Settle within 3 years and Splitero is cheaper; hold for 10 and Unlock is.
Which fits you
- Your home may not appreciate much: Unlock (11.5% vs 11.5% at 0% over 7 years).
- You expect strong growth: Unlock (20.4% vs 20.4% at 8% over 7 years).
- You might settle within 3 years: Splitero (22.3% vs 22.6%).
- You need more than 10 years: Splitero, which allows up to 30 years.
Key differences
- How you repay: Unlock: share of your home's future value, set with an exchange rate. Splitero: share of your home's future value (the split percentage).
- Time to settle: Unlock 10 years; Splitero 10 to 30 years (matches your mortgage).
- Cost cap: Unlock 19.9% a year; Splitero 17.99% a year, compounded monthly.
- How much you can take: Unlock doesn't publish a limit; Splitero up to 25% of your home's value.
See Unlock and Splitero side by sideEvery published term, row by row
| Unlock | Splitero | |
|---|---|---|
| What they call it | Home Equity Agreement (HEA) | Home Equity Investment (an option purchase agreement) |
| How you repay | Share of your home's future value, set with an exchange rate | Share of your home's future value (the Split Percentage) |
| Multiplier | 2× of total value | 2× of total value |
| Cash available | $15K to $500K | Up to $600K |
| Max share of home value | Not published | 25% |
| Equity you must keep | 30% after funding | More than 20% after funding Not published; our assumption |
| Fee | Up to 4.9% Exchange rate and cap from a third-party review | 4.99% |
| Cost cap | 19.9% a year | 17.99% a year, compounded monthly |
| Term | 10 years | 10 to 30 years (matches your mortgage) |
| Minimum credit score | 500 | 500 |
| Shares losses if value falls | Yes, you owe a share of a lower value | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Unlock | Splitero | Unlock | Splitero | Unlock | Splitero | |
| 0% a year | 22.6% | 22.3% | 11.5% | 11.5% | 7.9% | 7.9% |
| 2% a year | 22.6% | 22.3% | 13.7% | 13.7% | 10.0% | 10.1% |
| 4% a year | 22.6% | 22.3% | 15.9% | 15.9% | 12.2% | 12.2% |
| 6% a year | 22.6% | 22.3% | 18.1% | 18.2% | 14.4% | 14.4% |
| 8% a year | 22.6% | 22.3% | 20.4% | 20.4% | 16.5% | 16.5% |
Unlock vs CHEIFS
The short answer
At 4% growth, settled after 7 years, CHEIFS costs 13.7% a year versus 15.9% for Unlock.
Unlock 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 Unlock is.
Which fits you
- Your home may not appreciate much: Unlock (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 22.6%).
- You need more than 10 years: Unlock, which allows up to 10 years.
Key differences
- How you repay: Unlock: share of your home's future value, set with an exchange rate. CHEIFS: share of your home's future value, up to 2.25× the share you received.
- Time to settle: Unlock 10 years; CHEIFS no scheduled end date.
- Cost cap: Unlock 19.9% a year; CHEIFS 12.99% a year or 14.99%, by program.
- Credit: Unlock minimum 500; CHEIFS minimum 680.
See Unlock and CHEIFS side by sideEvery published term, row by row
| Unlock | CHEIFS | |
|---|---|---|
| What they call it | Home Equity Agreement (HEA) | Home equity investment agreement |
| How you repay | Share of your home's future value, set with an exchange rate | 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 | $15K to $500K | $70K to $2M |
| Max share of home value | Not published | Not published |
| Equity you must keep | 30% after funding | 35% or 50% after funding, by program |
| Fee | Up to 4.9% Exchange rate and cap from a third-party review | 1.99% or 2.99%, by program |
| Cost cap | 19.9% a year | 12.99% a year or 14.99%, by program |
| Term | 10 years | 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 |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Unlock | CHEIFS | Unlock | CHEIFS | Unlock | CHEIFS | |
| 0% a year | 22.6% | 14.7% | 11.5% | 13.0% | 7.9% | 8.9% |
| 2% a year | 22.6% | 14.7% | 13.7% | 13.7% | 10.0% | 11.1% |
| 4% a year | 22.6% | 14.7% | 15.9% | 13.7% | 12.2% | 13.3% |
| 6% a year | 22.6% | 14.7% | 18.1% | 13.7% | 14.4% | 13.5% |
| 8% a year | 22.6% | 14.7% | 20.4% | 13.7% | 16.5% | 13.5% |
Unison vs Splitero
The short answer
At 4% growth, settled after 7 years, Unison costs 14.7% a year versus 15.9% for Splitero.
Unison is cheaper below about 5.2% annual growth; Splitero is cheaper above it (settling after 7 years).
Settle within 3 years and Unison is cheaper; hold for 10 and Splitero is.
Which fits you
- Your home may not appreciate much: Unison (3.5% vs 11.5% at 0% over 7 years).
- You expect strong growth: Splitero (20.4% vs 23.1% at 8% over 7 years).
- You might settle within 3 years: Unison (21.6% vs 22.3%).
Key differences
- How you repay: Unison: share of your home's change in value, up or down. Splitero: share of your home's future value (the split percentage).
- Cost cap: Unison publishes none; Splitero 17.99% a year, compounded monthly.
- Starting value: Unison measures gain from 5% below your appraisal.
- How much you can take: Unison up to 15% of your home's value; Splitero up to 25% of your home's value.
- Credit: Unison doesn't publish one; Splitero minimum 500.
See Unison and Splitero side by sideEvery published term, row by row
| Unison | Splitero | |
|---|---|---|
| What they call it | Equity Sharing Agreement | Home Equity Investment (an option purchase agreement) |
| How you repay | Share of your home's change in value, up or down | Share of your home's future value (the Split Percentage) |
| Multiplier | 4× of the gain | 2× of total value |
| Cash available | Up to $500K | Up to $600K |
| Max share of home value | 15% | 25% |
| Equity you must keep | More than 20% after funding Not published; our assumption | More than 20% after funding Not published; our assumption |
| Fee | Up to 3.9% | 4.99% |
| Cost cap | None published | 17.99% a year, compounded monthly |
| Term | Up to 30 years | 10 to 30 years (matches your mortgage) |
| Minimum credit score | Not published | 500 |
| Shares losses if value falls | Yes | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Unison | Splitero | Unison | Splitero | Unison | Splitero | |
| 0% a year | 8.3% | 22.3% | 3.5% | 11.5% | 2.4% | 7.9% |
| 2% a year | 15.2% | 22.3% | 9.6% | 13.7% | 8.2% | 10.1% |
| 4% a year | 21.6% | 22.3% | 14.7% | 15.9% | 12.7% | 12.2% |
| 6% a year | 27.6% | 22.3% | 19.1% | 18.2% | 16.5% | 14.4% |
| 8% a year | 33.3% | 22.3% | 23.1% | 20.4% | 20.0% | 16.5% |
Unison vs CHEIFS
The short answer
At 4% growth, settled after 7 years, CHEIFS costs 13.7% a year versus 14.7% for Unison.
Unison is cheaper below about 3.7% annual growth; CHEIFS is cheaper above it (settling after 7 years).
Settle within 3 years and CHEIFS is cheaper; hold for 10 and Unison is.
Which fits you
- Your home may not appreciate much: Unison (3.5% vs 13.0% at 0% over 7 years).
- You expect strong growth: CHEIFS (13.7% vs 23.1% at 8% over 7 years).
- You might settle within 3 years: CHEIFS (14.7% vs 21.6%).
- You need more than 10 years: Unison, which allows up to 30 years.
Key differences
- How you repay: Unison: share of your home's change in value, up or down. CHEIFS: share of your home's future value, up to 2.25× the share you received.
- Time to settle: Unison up to 30 years; CHEIFS no scheduled end date.
- Cost cap: Unison publishes none; CHEIFS 12.99% a year or 14.99%, by program.
- Starting value: Unison measures gain from 5% below your appraisal.
- How much you can take: Unison up to 15% of your home's value; CHEIFS doesn't publish a limit.
- Credit: Unison doesn't publish one; CHEIFS minimum 680.
See Unison and CHEIFS side by sideEvery published term, row by row
| Unison | CHEIFS | |
|---|---|---|
| What they call it | Equity Sharing Agreement | Home equity investment agreement |
| How you repay | Share of your home's change in value, up or down | Share of your home's future value, up to 2.25× the share you received |
| Multiplier | 4× of the gain | 2.25× of total value |
| Cash available | Up to $500K | $70K to $2M |
| Max share of home value | 15% | Not published |
| Equity you must keep | More than 20% after funding Not published; our assumption | 35% or 50% after funding, by program |
| Fee | Up to 3.9% | 1.99% or 2.99%, by program |
| Cost cap | None published | 12.99% a year or 14.99%, by program |
| Term | Up to 30 years | No scheduled end date |
| Minimum credit score | Not published | 680 |
| Shares losses if value falls | Yes | Yes, you owe a share of a lower value |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two highlighted
| Growth | 3 years | 7 years | 10 years | |||
|---|---|---|---|---|---|---|
| Unison | CHEIFS | Unison | CHEIFS | Unison | CHEIFS | |
| 0% a year | 8.3% | 14.7% | 3.5% | 13.0% | 2.4% | 8.9% |
| 2% a year | 15.2% | 14.7% | 9.6% | 13.7% | 8.2% | 11.1% |
| 4% a year | 21.6% | 14.7% | 14.7% | 13.7% | 12.7% | 13.3% |
| 6% a year | 27.6% | 14.7% | 19.1% | 13.7% | 16.5% | 13.5% |
| 8% a year | 33.3% | 14.7% | 23.1% | 13.7% | 20.0% | 13.5% |
Splitero vs CHEIFS
The short answer
At 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.
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.
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.
See Splitero and CHEIFS side by sideEvery published term, row by row
| 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 | More than 20% after funding Not published; our assumption | 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 |
See the cost at different growth rates and timelinesEffective annual cost, cheaper of the two 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.
Yearly cost is measured on the cash you actually receive, after the provider's fee and about $1,500 of closing costs. Measured on the full investment instead, it's lower: in our standard example ($100,000 on a $750,000 home, 4% yearly growth, 7 years), Hometap is 13.1% a year instead of 14.1%.
These comparisons use a typical example. Your offer's numbers will differ.
HEI vs the alternatives
Offer reviews
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