Clay Financial launches HESA Calculator

We’ve launched a new tool to help homeowners learn about our Home Equity Sharing Agreement (HESA). Our HESA Calculator lets you see how much equity you can access in cash today and what your payment could be at the end of your HESA.

Clay is not a lender and a HESA is not debt. Instead, we become your partner in home equity, sharing in the appreciation (or depreciation) of your home over time like a passive investor. Since your payment will be calculated based on the change in the value of your home, it can be helpful to explore a range of scenarios to understand what to expect if your home appreciates a little or a lot. Homeowners can use the HESA Calculator to explore different scenarios by adjusting variables for:

• the value of their home today,
• the current balance of any secured debt,
• the requested HESA amount,
• the expected length of their HESA, and
• the expected level of price appreciation of their home in the future.

The HESA Calculator features information tooltips throughout to explain the features of the HESA and the calculations behind it. In addition to showing our payment to you at the start of the HESA and your payment to us at the end, it also lays out the value of your home equity over the life of your HESA for the given scenario.

After exploring the HESA Calculator, you can get an estimate to check your home’s eligibility for a HESA and receive a custom estimate in less than 2 minutes.