Point vs. Splitero

Side-by-Side Specs

	Point	Splitero
Contract term	30 yrs (fixed)	10–30 yrs (variable)
Min Funding	$30,000	$50,000
Max Funding	$600,000	$500,000
Max Proceeds ⓘ	25%	25%
Min credit score	500	500
Max Senior LTV ⓘ	80%	70%
Max CLTV ⓘ	80%	75%
Origination fee ⓘ	3.9%	4.99%
Renovation adjustment	Not offered	Not offered
Manufactured homes	Not eligible	Not eligible
LLC / trust ownership	Not permitted	Permitted
Hard credit pull	Yes	Yes
Repayment on death ⓘ	Not triggered	Not triggered
State availability	27 states + D.C.	14 states

Term Structure: Fixed vs. Mortgage-Linked

Point offers a fixed 30-year term while Splitero offers a mortgage-linked term. Splitero's term lasts as long as your remaining senior mortgage or at least 10 years, with a 30-year max. For example, if you have 5 years left on your mortgage, Splitero's term would be 10 years. If your remaining mortgage term is greater than 10 years, Splitero's term would be equal to it, up to a 30-year max. If you're still working out what term length or structure fits you, see Choosing a Term Length.

Editor's take: We think Splitero's term structure — 10 to 30 years, linked to your mortgage's own payoff, with a 10-year floor — is one of the more thoughtful designs in this space. In our view, the biggest risk with any HEI or HEA is being forced to sell your home before you're ready, at the end of a fixed term that has nothing to do with your actual financial position. Splitero's structure makes that scenario far less likely. Your term ends right around when your mortgage is paid off, leaving you with lower debt, higher equity, and higher cash flow. That's generally the easiest moment to refinance or otherwise settle up instead of selling. Worth noting: this is probably as much smart business design (a forced-sale story is a real risk to this whole industry) as it is generosity toward borrowers — but the incentives line up well either way.

Cost Comparison

HEIs don't have an interest rate, so the clearest way to compare cost is the actual dollar amount you'd owe at settlement. The table below shows both providers' payoffs under the exact same scenario, so the numbers are directly comparable. Both are estimates based on each provider's published formulas, not guaranteed payoff amounts.

Compare costs across providers →

Where Each One Leads

Which Should You Choose?

In addition to the factors above, cost matters — see the cost comparison above, or run your own numbers to see what each would actually cost you.

Frequently Asked Questions

Is Point or Splitero better?

Neither is categorically better — they structure their maximum term differently, and each leads on different eligibility factors. Point offers a fixed 30-year term, a higher funding ceiling, a lower minimum request, and a broader state footprint. Splitero's term instead matures alongside your own mortgage payoff, and it's the only provider we track that permits LLC or trust ownership. In our representative scenario, the two cost about the same through year 3, while Splitero becomes increasingly cheaper from around year 5 on — but that's specific to that scenario, not a general rule, so check your own numbers before assuming either is cheaper for you.

How is Splitero's term different from Point's?

Point's term is a fixed 30 years for every borrower. Splitero's term runs 10 to 30 years instead, set by whenever your own primary mortgage is scheduled to pay off — so it settles at the point where you have the least mortgage debt and the most home equity, rather than on an arbitrary date. If your mortgage is scheduled to pay off well before 30 years from now, Splitero's actual term will run shorter than Point's.

Which has a lower minimum funding amount, Point or Splitero?

Point's minimum is $30,000; Splitero's is $50,000 — the highest minimum among the providers we track. Point is the better fit for smaller requests.

Does Point or Splitero cost less?

It depends on how long you hold the agreement and, especially for Point, on your own credit profile and financial circumstances. In the representative scenario illustrated above, Point and Splitero cost about the same through year 3 ($85,457 vs. Splitero's $85,432), but Splitero pulls ahead starting around year 5 and the gap widens substantially through year 30 ($280,679 vs. Point's $384,364). Run your own numbers for an exact comparison.

Can I get a Point or Splitero HEI through an LLC or trust?

Splitero permits both LLC and trust ownership — the only provider we track that allows either. Point doesn't permit either structure; the property has to be owned directly by an individual.