With Gradual Ownership

You pay less upfront and less continued costs - while gaining more equity compared to a traditional mortgage.

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Traditional Ownership vs. Gradual Ownership

Cost and equity comparison for a $525k home

Upfront Costs

$0
$0
5-30 years with lender
Must sell home in order to walk away
2 years with Summer
Walk away any time if needed

Upfront Costs

Commitment length
Initial payment
Furniture & design
Onboarding & setup costs
$5,250-$15,750
~1-3% of home price
$76,927-$87,091
$3,833-$6,666
1-2 months of mortgage, plus 1 month of taxes, insurance, and 25% of stabilized utilities
Closing costs
$2,500
Platform fee
$105,000
20% of home price (lender dependent)
$82,715
Starting at 15% of home price & improvements
Total upfront cost
$191,010-$214,507
$85,215
Gradual Ownership
Traditional Ownership

Recurring Revenue & Costs

$1,149
$0
$5,275
Based on market 50th percentile average
$0

Recurring Revenue
& Costs

Potential short-term rental revenue gain
Cost for use
Carrying costs
Mortgage
$0
$2,807
Includes maintenance, insurance, property taxes, utilities, HOA and internet costs
$2,833
Membership fee
$0
$1,389
Revenue lost due to owner’s home usage
$1,389
Credit to book days in home and network
$1,754
$2,538
$1,149/month of equity credit gets returned to you when you purchase back
Gradual Ownership
Traditional Ownership
Homeowner’s total monthly cost

Equity & Ownership

$359
Gradual Ownership
$1,149

Equity & Ownership

1 month average
2 year total
$8,617
$27,572
$27,572 is 24 month culmination of $1,149/month of equity credit
Traditional Ownership

2 Year Summary

$126,600
$186,150

2 Year Summary

Potential revenue
Gradual Ownership
Initial payment
$93,267
$0
Total out-of-pocket cost
Equity accrued
($233,102)-($256,599)
$8,617
($146,121)
$27,572
Traditional Ownership

FAQ

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