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Learn How EquityChoice Works






The maximum allowable loan amount for this home value is ${{ maximumLoanAmount }}

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Payoff Amount

$
Final Home Value

$

Borrower Equity

$



Equivalent to An Effective Rate of




%
calculated on a negatively amortized basis.*

Your Monthly Payment




You must continue to pay required property taxes, insurance and maintain the home.

In 10 Years at {{WC2}} % Annualized Home Price Appreciation

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:


Equity Choice Amortization Schedule

Year Home Value


This is the home value at the end of each year. This value changes depending on the home price appreciation slider you adjust above.
 Principal + Interest


You owe no principal or interest payments on EquityChoice until the balloon payment date at maturity. This is the Original Principal balance plus the interest calculated at the note rate and capitalized on a negatively amortizing basis.
 Shared Appreciation Amount


This shows you how much you will be sharing in your home’s appreciation, if the value rises. If your home depreciates below the value we agree to at closing, you only pay for principal and interest on the loan.
 Capped Payoff Amount


EquityChoice is unique because there is a maximum amount that you might owe each year. This is the most you will owe at the end of each year.
 Payoff Limit Capped?


This tells you whether the annualized home price appreciation you input on the slider in our calculator was sufficiently high to hit the capped payoff amount.
 Actual Payoff Amount


This is how much you will have to pay back at the end of each year. If you wanted to pay off your loan in full, this is how much you will have to pay back. Reminder: you can pay back your loan balance at any time without fees or prepayment penalties
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All calculations based on a compounding monthly, 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 4.25% (which equates to an 4.589% 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.

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EquityChoice-Form

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© Copyright 2016-2022 Nexera Holding LLC dba Newfi Lending | All Rights Reserved | NMLS ID 1231327 | Equal Housing Opportunity | 2100 Powell St Suite 730, Emeryville, CA 94608

*See terms and conditions that apply to any Shared Appreciation amounts you may owe on the Newfi EquityChoice Loan at Newfi.com/Equitychoice. 

With EquityChoice, the fixed interest rate will accrue on a monthly basis and negatively amortize, which will result in an increase to your principal balance.

This website is not approved for use in the state of New York.