A genuine hybrid: 75% bridge against your departing home's equity, your own agent on both legs, and a 1.25% base fee. Lowest headline fees in the trade-up category. Interest is the variable that moves the rating.
Knock's product is a short-term bridge loan against 75% of the equity in your departing home, sized to fund the down payment and closing costs on the new one. You keep your own agent on both legs. The fees are the lowest in the trade-up category on paper: 1.25% of the bridge amount, plus interest that accrues until the departing home closes.
The interest schedule is what makes or breaks the math. Knock's current rate is prime + 1%, compounding monthly. On a $250k bridge held 90 days, that's roughly $5,600 in interest — on top of the 1.25% origination — before the seller's side of the departing-home commission comes out. If your departing home moves in under 45 days, Knock is the best trade-up math we track. If it takes more than 90, the economics approach Homeward's.
Qualify based on your departing-home equity. Get a bridge commitment. Make the offer on the new home in your own name, with Knock funding the down payment and closing costs. Move in. List the departing home with your own agent. At second close, Knock is repaid from the departing-home proceeds.
6.0 / 10. The cleanest trade-up economics when the departing-home sale is fast. Do the carrying-fee math before signing: if your ZIP's average days-on-market is over 60, Knock's interest stack quickly pulls its total cost even with or ahead of Homeward's fee ceiling. In fast markets, this is the first program to quote.
Enter your metro and we'll model both under your expected days-to-sale.
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