Rough estimate — actual HECM proceeds depend on rates and HUD tables. No repayment while you live in the home.
Example: Home value: $500,000 · Age of youngest borrower: 70 yrs · Existing mortgage to pay off: $40,000 → Estimated available proceeds: $158,000.
Principal limit: $198,000
Principal limit factor used: 40%
Frequently asked questions
How do I calculate reverse mortgage? Rough estimate — actual HECM proceeds depend on rates and HUD tables. No repayment while you live in the home. Enter your numbers above and the result updates instantly. For example: Home value: $500,000 · Age of youngest borrower: 70 yrs · Existing mortgage to pay off: $40,000 → Estimated available proceeds: $158,000.
Is this Reverse Mortgage Calculator free? Yes — completely free with no sign-up or paywall. It runs entirely in your browser and keeps working offline; the numbers you enter never leave your device.
How accurate is it? It uses the standard published formula for reverse mortgage. Results are estimates for planning — not financial, tax, medical, engineering, or legal advice.