Budgeting for LGBTQ+ paths to parenthood

Family planning that involves private adoption, foster-to-adopt options, surrogacy or assisted reproduction can carry high costs. Budgeting and saving for these costs and other financial considerations can help you reach your goals.

Common costs and considerations for your path

How much does it cost to adopt a child?

If you go through an agency, the average cost of private adoption in the U.S. is between $30,500 and $48,500, according to Adoption.org. If you pursue adoption independently, costs can be lower: estimates range from $25,000 to $38,000.

How much does in vitro fertilization (IVF) cost?

If your health plan doesn’t cover assisted reproductive technology, you could expect fees of $12,000 to $17,000 per cycle. If you need donated biological material like eggs or sperm, costs will be higher. Be sure to ask your employer what benefits are available to you.

How much does a surrogate cost?

The estimated cost of a surrogate ranges from $100,000 to $150,000. It depends on the number of attempts to achieve a pregnancy.

All of these paths involve emotional and financial decisions. That’s why our goals coaches are here to help you understand your financing options and create your personalized financial plan.

Learn more or make an appointment to talk to a coach.

What are your financing options?

You don’t have to resort to credit cards or your 401k to fund growing your family. Once you understand the costs of growing your family either through adoption, surrogacy, IVF or another path, you have other options and can make a financial plan.

  • Start with a simple savings plan or meet with our bankers or goals coaches to look at your financial picture.
  • Use our rate and calculator tools to get recommendations for a loan or line of credit.
  • Consider using a variety of funding options. You can use the money however you need for your family goals.

Personal loan

Whether for LGBTQ+ adoption, surrogacy or IVF, this loan option gives you one-time funding for whatever your needs and you’ll pay the same amount every month.

Check your rate before completing a full application to see what you may be eligible to borrow. It won’t affect your credit score.

Personal line of credit

If you don’t yet know the full cost of the parenthood path you’ll take, you can enjoy a little more flexibility with this option to access funds when you need them.

Before you apply you can check your rate for a personal line of credit and see what you may be eligible to borrow. It won’t affect your credit score.

Home equity loan

Use equity in your home for family planning expenses. This option offers fixed rates and payments during your journey.

Home equity line of credit

Another way to use funds for family expansion when you need them and only pay interest on what you borrow.

LGBTQ+ family and financial planning you can trust

U.S. Bank is committed to helping your community thrive. From focused financial inspiration to education and community news, we’re here to support and guide you.

Talk to a goals coach to help you with your financial plan.

Family-expansion providers are at your fingertips.

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Understand legal protections you can take for your family.

From adoption and surrogacy rights to power of attorney, you’re empowered.

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Know your score range before applying for loans and lines of credit.

Get answers to common questions about your financial options.

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