|
Use our Reverse Mortgage Calculator to see available reverse mortgage options and get an estimate on how much money you may qualify for. Please note that the numbers generated by the calculator are estimates only, are not an offer to make you a loan, do not qualify you to obtain a loan and are not an official loan disclosure.
| |
View Reverse Mortgage Calculator Results |
|
| |
Home Value |
$300,000 |
$300,000 |
| |
Home Value (adjusted) |
$250,000 |
$250,000 |
| |
Age (adjusted) |
75 |
64 |
| |
Interest rate margin |
2.75% |
0.00% |
| |
Initial interest rate |
3.00% |
6.00% |
| |
|
|
|
| |
Estimated funds available |
$171,355 |
$178,427 |
| |
Debt payoff |
$0 |
$0 |
| |
|
|
|
| |
Estimated funds available after debt payoff |
$171,355 |
$178,427 |
The results of this calculator were generated using the HECM origination calculation specification developed by HUD. The calculator uses state-specific averages of fees in order to provide an estimate of the net principal limit available to a borrower. This calculator can not be used in place of a Good Faith Estimate and is not an offer or advertisement for credit. All liability for representations made by this calculator are fully assumed by the owners of the site displaying this calculator. The site owners hereby agree to indemnify the developers and publishers of this calculator in all respects. |
|
BACK TO TOP