The HECM Payment Impact App (HPIA)
Voluntary HECM payments can have a double impact. They reduce the loan balance, which can reduce future interest accrual, while restoring available line of credit that may continue to grow over time.
The HECM Payment Impact App lets you see both effects together. It also estimates your break-even payment, about the monthly amount needed to keep today’s loan balance from growing.
Open HPIA
The HECM Voluntary Payment Impact App was created by Dan DeVere. It is free to use and share. Please keep its name and attribution intact. The tool may not be rebranded, sold, or represented as another person’s or organization’s work.
You can save this app to your phone or desktop for easy access. On a phone, open the browser’s three-dot menu and choose Add to Home screen or Install app. On a computer, use the browser’s Install option or three-dot menu to add it as an app.
No sign-in is required. The HECM Voluntary Payment App does not collect or receive the information you enter into the tool. Your working entries stay in your browser on the device you are using unless you choose to save or share a copy. This website may separately collect information through its normal website and analytics functions, but it does not have access to the information you enter into the HECM Voluntary Payment App.
