CHIP Calculators

A CHIP Home Income Plan is a simple and sensible way to unlock the value in your client's home and allow them to enjoy life on their terms.

Use these tools to find out if your client and their home are eligible, and how much money they could receive, and how much equity they could have left in their home upon repayment.

Are they eligible?

Find out right away if the CHIP Home Income Plan is offered in your area and if your client and their home are eligible.

How much money could they receive?

A CHIP Home Income Plan can offer your client tax-free cash. The amount available to them will depend upon a number of factors, including their age and the age of their spouse, the value of their home, where their home is located, and the type of dwelling. This tool shows you a range of how much money your client could get.

Future equity calculator

Use the Future Equity Calculator to determine how much equity could be remaining in your client's home when their CHIP Home Income Plan is repaid. The calculator predicts future market value of their home based on user-selected variables to test home value appreciation assumptions.  Actual results may vary.

CHIP provides an interest rate discount based on the length of time a client holds their CHIP Home Income Plan. The total interest rate discount can add up to as much as 1.50% per year and is factored into this calculation.