Sister Product to EquityBoost

Own now. Pay less. Exit on your terms.

ExitFirst is a short-term interest-only mortgage designed for borrowers who plan to sell within 5 or 7 years. Pay dramatically less each month — then sell your home or convert to a full EquityBoost loan when you're ready.

Start My Application → See how it works

Monthly Payment — $320,000 Loan · 30-yr rate

What You Pay Each Month

ExitFirst (Interest Only) $1,292

EquityBoost 30-yr $1,977

Conventional 30-yr $1,977

$685

Saved per month vs conventional

$41k

Total savings over 5 years

Interest-only — no principal payments during hold period

* Figures based on a $400,000 purchase price, 20% down payment ($320,000 loan), 30-year term. ExitFirst rate is T10 + 300bps; conventional rate is T10 + 200bps. Lower payment reflects interest-only structure — no principal is paid during the hold period. Results will vary based on actual loan amount, rate at origination, and hold period. Not a commitment to lend. All loans subject to credit approval.

The Mechanics

How ExitFirst Works

ExitFirst removes the principal payment entirely during your hold period — so your monthly payment is dramatically lower. You pay only the interest/financing charge while you own the home, then exit cleanly when you sell.

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Choose Your Exit Window

Select a 5-year or 7-year term at origination based on how long you plan to stay. Your payment is fixed and low for the entire period — no surprises.

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Pay Interest Only

During your hold period you pay only the financing charge — no principal. This is why your payment is dramatically lower than a conventional or EquityBoost mortgage at the same rate.

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Sell or Convert at Maturity

At the end of your term, sell your home and pay off the balance — or convert to a full 30-year EquityBoost loan with a 60% interest credit applied, protecting you from starting over.

Interactive Calculator

See your monthly savings

Enter your loan details to see exactly how much less you'd pay each month with ExitFirst vs a conventional mortgage or EquityBoost.

Home Purchase Price

Down Payment (%)

Down Payment 20%

Exit Term

Your Personalized Comparison

Conventional

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Total Paid (5 yrs)

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Principal Paid

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EquityBoost

Monthly Payment

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Total Paid (5 yrs)

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Principal Paid

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ExitFirst ✦
Monthly Payment
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Total Paid (5 yrs)
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$0

Monthly savings vs conventional

Cash freed up each month for other needs

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Total cash saved over hold period

Payments you never had to make

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⚠ ExitFirst is interest-only — your full loan balance remains at maturity. You must sell your home or convert to EquityBoost at the end of your term. No equity is built during the hold period.

If Plans Change

Can't sell? Convert — with protection.

ExitFirst includes a built-in conversion path to a full EquityBoost loan. If you can't sell at maturity, you don't start over from scratch — you get a credit for what you've already paid.

The 60% Interest Credit

When you convert, 60% of all the interest/financing charges you paid during your ExitFirst period is credited against the total interest on your new EquityBoost loan — reducing your new monthly payment.

Example — 5-Year Convert

Interest paid in 5 years~$77,500

60% credit applied−$46,500

New EB monthly payment~$1,846/mo

ExitFirst Monthly Payment Estimator

Estimated interest-only payments at current rates. Updated weekly.

Live rate — updated weekly

Loan Amount	Est. Monthly (IO)
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Interest-only payments. Full balance due at maturity. Conversion rate capped at origination rate + 200bps.

Side by Side

ExitFirst vs Your Other Options

Feature	Conventional 30-yr	EquityBoost 30-yr	ExitFirst (5 or 7-yr)
Monthly Payment	~$1,977/mo (on $320k)	~$1,977/mo — same	✔ ~$1,292/mo — $685 less
Principal Payments	Back-loaded — tiny at first	Equal from day one	✗ None — interest only
Equity Built	~$50k in 10 years	~$106k in 10 years	✗ $0 — balance unchanged
Best For	Long-term holds, stability	Long-term holds, equity focus	✔ Planned exits in 5–7 years
Rate	T10 + 200bps	T10 + 200bps	T10 + 300bps (higher — IO structure)
Cash flow savings	Baseline	Same as conventional	✔ $41k–$57k over hold period
Balloon at maturity	None (30-yr payoff)	None (30-yr payoff)	Full balance — sell or convert
Conversion path	N/A	N/A	✔ Built-in → EquityBoost w/ 60% credit
Rate cap at conversion	N/A	N/A	✔ Capped at original rate + 200bps

Planning to Stay Longer?

EquityBoost — built for borrowers who want to own more, faster.

If your plans change or you're not sure about your exit timeline, EquityBoost gives you the same monthly payment as a conventional mortgage — but you build more than 2× the equity in the first 10 years.

2.1×

More equity than conventional by year 10 — same payment

+$71k

Peak extra equity advantage at year 17 on a $400k home

30-yr

Fixed term — no balloon, no surprises, fully paid off

Explore EquityBoost → 30-year fixed · Same payment as conventional · No balloon

Common Questions

Frequently Asked Questions

Is ExitFirst really interest-only — do I build any equity?

Yes, ExitFirst is a true interest-only loan. You make no principal payments during your hold period, which means your loan balance does not decrease. All equity you build during this time comes from appreciation in your home's market value — not from paying down the loan. This is the trade-off for dramatically lower monthly payments. ExitFirst is designed for borrowers who have a clear plan to sell within 5 or 7 years.

What happens at the end of my 5 or 7-year term?

At maturity you have two options. Option 1: sell your home and pay off the full remaining balance. Option 2: convert to a 30-year EquityBoost loan. If you convert, 60% of the interest you paid during your ExitFirst period is credited against the interest on your new EquityBoost loan — reducing your new monthly payment. Your conversion rate is also capped at your original ExitFirst rate plus 200bps, protecting you if market rates have risen.

Do I need to qualify for both ExitFirst and EquityBoost at the same time?

Yes. Dual qualification is required at origination — meaning you must qualify for both the ExitFirst payment and a full 30-year EquityBoost loan at the same time. This protects you by ensuring you have a viable conversion path if you cannot sell at maturity. Standard qualification requirements apply: 700+ FICO, 20% down, owner-occupied Iowa residential property.

What if I sell before my 5 or 7-year term ends?

You can sell at any time during your ExitFirst term. At sale, your full loan balance is paid off from the proceeds. Since you've made no principal payments, your payoff will equal the original loan amount. There are no prepayment penalties for selling early.

Who is ExitFirst designed for?

ExitFirst is built for borrowers who have a clear, realistic plan to sell their home within 5–7 years — for example, someone relocating for work, downsizing after children leave home, or purchasing a stepping-stone property before a forever home. It is not suitable for borrowers who plan to stay long-term, as you will not build equity through payments and will owe the full balance at maturity.