Don't see your state? We are consistently adding states. Provide your email below to be alerted for when we are in your state.
By submitting my contact information, I affirmatively consent to receive text messages and phone calls (which may employ automatic telephone dialing systems) from Newfi at the residential or cellular telephone number I provided above. Standard message and data rates may apply. I am not required to provide this consent as a condition to using this service. I am free to cancel this authorization at any time. Reply “STOP” to any text message to opt out of future messaging. View Newfi’s Terms of Use and Privacy Policy. Call Newfi at 888-316-3934 for further information.
calculated on a negatively amortized basis.*
which equates to an 4.853% APR.*
You must continue to pay required property taxes, insurance and maintain the home.
Your Home Value Would Be:
Your Home Equity Would Be:
EquityChoice Payoff Amount Would Be:
Which would equate to a negatively amortizing effective rate* of:
| Year | Home Value | Principal + Interest | Shared Appreciation Amount | Capped Payoff Amount | Payoff Limit Capped? | Actual Payoff Amount |
|---|---|---|---|---|---|---|
| 0 | 1,000,000.00 | 150,000.00 | 22,500.00 | 150,000.00 | Not Applicable | 150,000.00 |
| 1 | 1,040,000.00 | 156,871.69 | 40,500.00 | 173,973.84 | Yes | 173,973.84 |
| 2 | 1,081,600.00 | 164,078.34 | 59,220.00 | 201,861.01 | Yes | 201,861.01 |
| 3 | 1,124,864.00 | 171,637.15 | 78,688.80 | 234,313.26 | Yes | 234,313.26 |
| 4 | 1,169,858.56 | 179,522.11 | 98,936.35 | 271,872.55 | Yes | 271,872.55 |
| 5 | 1,216,652.90 | 187,769.32 | 119,993.81 | 315,452.41 | No | 307,763.12 |
| 6 | 1,265,319.02 | 196,395.39 | 141,893.56 | 366,017.91 | No | 338,288.95 |
| 7 | 1,315,931.78 | 205,442.99 | 164,669.30 | 424,860.91 | No | 370,112.29 |
| 8 | 1,368,569.05 | 214,880.99 | 188,356.07 | 492,964.06 | No | 403,237.06 |
| 9 | 1,423,311.81 | 224,752.57 | 212,990.32 | 571,983.83 | No | 437,742.88 |
| 10 | 1,480,244.28 | 235,077.64 | 238,609.93 | 663,670.08 | No | 473,687.57 |
All calculations based on a negatively amortized basis.
*The Effective Rate shown above is for educational and illustrative purposes only. The Effective Rate is not used to calculate the amounts you owe under your EquityChoice loan. Your actual payment will be determined by the sum of your Note Rate, which is 4.50% (which equates to an 4.853% APR), plus Newfi’s share of the shared appreciation in your home, if any. Please speak to your advisor and reference your EquityChoice disclosures for additional details on how EquityChoice works.
LEGAL DISCLAIMER: This calculator is provided for informational purposes only and you should not make any decisions solely on the information provided. Values are estimates and may not be applicable to your individual situation. Nexera Holding LLC dba Newfi is not responsible for any errors, omissions or misrepresentations. This does not constitute a loan approval for any program.
| Month of 2024 | 10-Year Treasury Yield | 15-Year Treasury Yield (Interpolated) | 20-Year Treasury Yield |
|---|---|---|---|
| Year | Value |
|---|---|
| Year_1 | |
| Year_2 | |
| Year_3 | |
| Year_4 | |
| Year_5 | |
| Year_6 | |
| Year_7 | |
| Year_8 | |
| Year_9 | |
| Year_10 | |
| Average HPA |
| HPA | Equivalent Monthly Compounding Rate |
|---|---|