Amount Needed per Month
$300
$300
Estimated Interest per Month
$64
$0
One-Time Closing Costs
$11,226
$0
Total paid by family estate over 7 years
$41,770
$25,200
Time to close
30 days
Instantly!
Age Requirements
62 and up
No requirements
Funding Restrictions
50% - 60% of home value
No restrictions
Comparison assumptions: For the average American with a home value of $350,000 looking for support to pay for rides, groceries, meals, medication management and home services over the course of 7 years. Using 2022 Home Equity Conversion Loans interest rate of 4.81% compounded annually.
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