Crypto Mortgage Collateral Workbench | Better & Coinbase Analysis

1. Scenario & Mortgage Inputs

Home Purchase Price ($)

Down Payment / Collateral Target (%)

Crypto Collateral Asset

Current Asset Price ($)

Cost Basis per Unit ($)

Cap Gains Tax Rate (%)

Initial Collateral LTV (%)

Margin Call LTV (%)

Stress-Test Price Drawdown: -35%

Simulated Collateral LTV: 76.92% Stress Price: $42,250

0% Initial: 50% Margin Call: 70% Liquidation: 80% 100%

Margin Call Price Threshold

$46,429

Liquidation Price Trigger

$40,625

Required Top-up Collateral / Cash

$35,714

Cap Gains Tax Avoided (vs Selling)

$22,154

Metric / Parameter	Option A: Sell Crypto for Cash	Option B: Better / Coinbase Collateral Pledge
Down Payment Cash / Backed Value	$150,000	$150,000
Crypto Units Required	2.3077 BTC	4.6154 BTC (at 50% initial LTV)
Realized Capital Gain	$92,308	$0 (No Tax Event)
Estimated Tax Owed Immediately	$22,154	$0
Downside Liquidation Risk	None (Assets already converted)	Margin Call at $46,429 / Liquidate at $40,625