Reverse Mortgage Calculator

Use our reverse mortgage calculator to get an idea of how much money you qualify for.

The calculations that will be displayed are approximate figures and will show you the results for several of the most popular reverse mortgages offered today.

A reverse mortgages calculator will only provide a basic estimate, for a more detailed personal analysis please request a free evaluation to see how much money you will get.

There are additional product options available. Please feel free to call us toll-free for more information or to request your personalized benefit summary.

Using our Reverse Mortgage Calculator

Reverse Mortgages work in exactly the opposite way that your traditional mortgage did when you originally bought your home. When using our calculator you will notice that the dates of birth for all persons on title are required. You will also be asked to provide an approximate current value for your home and the zip code for where your home is located.

These variables are essential components for determining your benefit amount. The amount of equity in your home is the most important component of the calculation.

Next is the age of the youngest person on the title to your property. (The loan benefits must last the expected lifetime for the youngest person on title). And finally the location of your property is a determining factor in the amount of money you will qualify for.

HUD/FHA determines the maximum loan amount county by county throughout the United States. There are proposals being considered in Congress to make a uniform benefit amount nationwide for reverse mortgages rather than by geographical counties. Until that is decided, your location is also a vital component in determining your eligibility amount for reverse mortgage proceeds.

Click Here To See If You Have Enough Equity To Qualify