Reverse Mortgage Calculator
Discover how much you could receive from a reverse mortgage based on your age, home value, and current market rates
Calculate Your Reverse Mortgage Proceeds
Must be 62 or older to qualify
Current market value of your home
Enter 0 if home is paid off
Current HECM rates (typically 6-8%)
For term payment calculations
Available Proceeds
Principal Limit:$0
Available Proceeds:$0
Payment Options
Monthly Payment:$0
Line of Credit:$0
Lump Sum:$0
Tenure Payment:$0
Term Payment:$0
Loan Details
Total Interest:$0
Total Loan Balance:$0
Important Reverse Mortgage Information
Benefits
- No monthly mortgage payments required
- Stay in your home as long as you live
- Flexible payment options
- Non-recourse loan protection
Considerations
- Interest accrues over time
- Upfront costs and fees
- Must maintain home and pay taxes
- Reduces home equity over time
Important Disclaimer
This calculator provides estimates based on simplified calculations and assumptions. Actual reverse mortgage proceeds may vary based on your specific situation, current market conditions, and lender requirements. This tool does not account for all possible fees, costs, or factors that may affect your reverse mortgage. Consult with a licensed reverse mortgage counselor and lender for personalized advice and accurate calculations.