---
title: How does the Shared Appreciation Model (SAM) work?
description: "The Shared Appreciation Model (SAM) applies only to loans made in Southwest Colorado (Archuleta, Dolores, La Plata, Montezuma, and San Juan Counties). If you are requesting a loan for Northeast Colorado (Logan and Morgan Counties), the SAM does not apply to you.\n\nWith the Shared Appreciation Model (SAM), you repay:\nThe original Down Payment Assistance (DPA) amount received, plus\nA share of the home's increase in value (up to 15% of net appreciation). Net appreciation is the increase in the home's value after subtracting eligible home improvements and allowable selling costs.\n\nFor example:\nHome Purchase Price: $300,000\nDPA Received: $45,000\nHome Sale Price: $400,000\nNet Appreciation: $60,000\n\nIf the program's share is 15%:\nOriginal DPA = $45,000, plus\n15% of $60,000 = $9,000\n\nTotal repayment: $54,000"
---

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# How does the Shared Appreciation Model (SAM) work?

The Shared Appreciation Model (SAM) applies only to loans made in Southwest Colorado (Archuleta, Dolores, La Plata, Montezuma, and San Juan Counties). If you are requesting a loan for Northeast Colorado (Logan and Morgan Counties), the SAM does not apply to you.

With the Shared Appreciation Model (SAM), you repay:

- The original Down Payment Assistance (DPA) amount received, **plus**
- A share of the home's increase in value (up to **15% of net appreciation**). Net appreciation is the increase in the home's value after subtracting eligible home improvements and allowable selling costs.

**For example:**

- Home Purchase Price: **$300,000**
- DPA Received: **$45,000**
- Home Sale Price: **$400,000**
- Net Appreciation: **$60,000**

If the program's share is 15%:

- Original DPA = **$45,000,** plus
- 15% of $60,000 = **$9,000**

**Total repayment: $54,000**

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