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Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Carrying Value of Debt
The following table presents the carrying values of Zillow Group’s debt as of the periods presented (in thousands):
June 30, 2020December 31, 2019
Homes Segment
Credit facilities:
Goldman Sachs Bank USA$19,632  $39,244  
Citibank, N.A.33,037  296,369  
Credit Suisse AG, Cayman Islands64,549  355,911  
Total Homes Segment debt117,218  691,524  
Mortgages Segment
Repurchase agreement:
Citibank, N.A.33,918  394  
Warehouse line of credit:
Comerica Bank35,896  30,033  
Total Mortgages Segment debt69,814  30,427  
Convertible Senior Notes
1.375% convertible senior notes due 2026
337,171  327,187  
2.75% convertible senior notes due 2025
401,786  —  
0.75% convertible senior notes due 2024
507,039  490,538  
1.50% convertible senior notes due 2023
318,348  310,175  
2.00% convertible senior notes due 2021
245,997  415,502  
2.75% convertible senior notes due 2020
9,637  9,637  
Total convertible senior notes1,819,978  1,553,039  
Total$2,007,010  $2,274,990  
Schedule of Revolving Credit Facilities and Lines of Credit The following table summarizes certain details related to our credit facilities (in thousands, except interest rates):
LenderFinal Maturity DateMaximum Borrowing CapacityWeighted Average Interest Rate
Goldman Sachs Bank USAApril 20, 2022$500,000  3.91 %
Citibank, N.A.January 31, 2022500,000  4.69 %
Credit Suisse AG, Cayman IslandsJuly 31, 2021500,000  4.62 %
Total$1,500,000  
The following table summarizes certain details related to our warehouse line of credit and repurchase agreement (in thousands, except interest rates):
LenderMaturity DateMaximum Borrowing CapacityWeighted Average Interest Rate
Citibank, N.A.October 27, 2020$75,000  1.88 %
Comerica BankJune 26, 202150,000  2.81 %
Total$125,000  
Schedule of Convertible Senior Notes
The following tables summarize certain details related to our outstanding convertible senior notes as of the periods presented (in thousands, except interest rates):
June 30, 2020December 31, 2019
Maturity DateAggregate Principal AmountStated Interest RateEffective Interest RateFirst Interest Payment DateSemi-Annual Interest Payment DatesUnamortized Debt Discount and Debt Issuance CostsFair ValueUnamortized Debt Discount and Debt Issuance CostsFair Value
September 1, 2026$500,000  1.375 %8.10 %March 1, 2020March 1; September 1$162,829  $705,000  $172,813  $597,380  
May 15, 2025565,000  2.75 %10.32 %November 15, 2020May 15; November 15163,214  659,756  —  —  
September 1, 2024673,000  0.75 %7.68 %March 1, 2020March 1; September 1165,961  957,659  182,462  819,378  
July 1, 2023373,750  1.50 %6.99 %January 1, 2019January 1; July 155,402  388,113  63,575  356,464  
December 1, 2021265,330  2.00 %7.43 %June 1, 2017June 1; December 119,333  326,688  44,498  514,312  
December 15, 20209,637  2.75 %N/AN/AJune 15; December 15—  16,842  —  16,842  
Total$2,386,717  $566,739  $3,054,058  $463,348  $2,304,376  

Three Months Ended June 30, 2020Three Months Ended June 30, 2019
Maturity DateContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest ExpenseContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest Expense
September 1, 2026$1,719  $4,922  $120  $6,761  $—  $—  $—  $—  
May 15, 20252,007  3,148  168  5,323  —  —  —  —  
September 1, 20241,262  8,095  278  9,635  —  —  —  —  
July 1, 20231,402  3,749  366  5,517  1,402  3,496  342  5,240  
December 1, 20211,803  3,945  408  6,156  2,300  4,677  484  7,461  
December 15, 202066  —  —  66  66  —  —  66  
Total$8,259  $23,859  $1,340  $33,458  $3,768  $8,173  $826  $12,767  

Six Months Ended June 30, 2020Six Months Ended June 30, 2019
Maturity DateContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest ExpenseContractual Coupon InterestAmortization of Debt DiscountAmortization of Debt Issuance CostsInterest Expense
September 1, 2026$3,438  $9,746  $238  $13,422  $—  $—  $—  $—  
May 15, 20252,007  3,148  168  5,323  —  —  —  —  
September 1, 20242,510  15,956  545  19,011  —  —  —  —  
July 1, 20232,804  7,446  727  10,977  2,804  6,933  678  10,415  
December 1, 20214,103  8,856  916  13,875  4,600  9,268  959  14,827  
December 15, 2020132  —  —  132  132  —  —  132  
Total$14,994  $45,152  $2,594  $62,740  $7,536  $16,201  $1,637  $25,374  
The following table summarizes the conversion and redemption options with respect to the Notes:

Maturity DateEarly Conversion DateConversion RateConversion PriceOptional Redemption Date
September 1, 2026March 1, 202622.9830$43.51  September 5, 2023
May 15, 2025November 15, 202414.881067.20  May 22, 2023
September 1, 2024March 1, 202422.983043.51  September 5, 2022
July 1, 2023April 1, 202312.759278.37  July 6, 2021
December 1, 2021September 1, 202119.098552.36  December 6, 2019
The following table summarizes certain details related to the capped call confirmations with respect to certain of the convertible senior notes:
Maturity DateInitial Cap PriceCap Price Premium
September 1, 2026$80.5750  150 %
September 1, 202472.5175  125 %
July 1, 2023105.45  85 %
December 1, 202169.19  85 %