Reverse Mortgage Calculator
Estimate available proceeds from an FHA HECM reverse mortgage based on your age and home value.
Part of our Finance Calculators collection.
Reverse Mortgage Calculator
Free online calculator
$
$
Will be paid off from proceeds
Results update automatically as you type
How to Use This Calculator
- 1
Enter all required values.
- 2
See results instantly.
- 3
Adjust inputs to compare scenarios.
How This is Calculated
Principal Limit = min(Home Value, HECM Limit) × PLF (Principal Limit Factor by age) Available Proceeds = Principal Limit − Existing Mortgage − Closing Costs
Example Calculation
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Frequently Asked Questions
How accurate is this calculator?
These are estimates. Actual figures depend on lender requirements, your credit score, and local conditions. Consult a mortgage professional for exact numbers.
Should I get pre-approved?
Yes — getting pre-approved before house hunting shows sellers you're serious and gives you a realistic budget.