This page is for Eian Daniels and Arely Ramirez. Enter the passphrase Nik shared with you.
You love this home. These are the real contract numbers behind it. Two sliders: pick the home value you believe, and the appreciation you expect. Everything updates.
Both agreements have hard end dates. These are not "someday" numbers: each one is a cash payment the home must produce, on top of the mortgage.
Your $148,000 down-payment investment plus 50% of the home's gain above $1,480,000, capped at a 21%/yr return. The 10-year Term expiring is a Triggering Event under the agreement: this becomes payable.
If it is not paid: Event of Default — the agreement lets Home.LLC raise the Ending Value 10% (adds roughly to the bill), and enforce through the recorded deed of trust, with costs.
Hometap's share is 25.114% of the entire home value at settlement (not just the gain), capped at a 20%/yr return on their $271,232.
If it is not settled: Hometap can exercise its option, or extend the deal up to 10 more years at its sole choice — its 25.1% keeps riding on the full value of the home the whole time.
The whole area is the home's value. The green sliver is yours. The chart ends where the contracts do.
| Date | Home value | 1st mortgage | Home.LLC | Hometap | Your equity |
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Sources and labels. Facts, from the signed documents: Home.LLC Investment Agreement (Oct 4, 2021): $148,000 investment, 50% share of gain above the $1,480,000 initial value, 21%/yr cap, 10-year Term ending Oct 4, 2031; expiration of the Term is a Triggering Event, and on an uncured default the agreement permits a 10% increase to the Ending Value plus enforcement (Sections 6, 12, 13). Home.LLC's figure today, per the Settlement Calculator (Jul 8, 2026): $365,484. Hometap Option Purchase Agreement (Nov 22, 2022): Hometap Share = 25.114% × the Ending Home Value (Section 2.2; 20.928% if the value is below their $1.8M starting value), capped at 20%/yr on $271,232; Option Period ends Nov 22, 2032, extendable by Hometap up to 10 further years. 1st mortgage: $1,176,108 total demand per the June 20, 2026 notice; 5.5% and $10,000/mo as discussed (payment schedule is an estimate). Assumptions: value and appreciation per the sliders; taxes/HOA/insurance and rents are area estimates. Excluded (they make your slice smaller, amounts unverified): a Navy Federal judgment lien (recorded June 2022) and a California FTB tax lien (recorded November 2022), plus selling costs on any sale. This is an illustration, not a payoff quote; exact payoff figures on request. Prepared for Eian Daniels & Arely Ramirez.