Reverse Mortgage Calculator | Free Estimate | Homeowners Mortgage & Equity

Your Home Details

Move each slider to match your situation — your estimate updates instantly.

Home Value $700,000

$200K$3M+

Existing Mortgage Balance $150,000

$0 / None$2M

Age of Youngest Borrower 70

Age 55Age 90+

1 We estimate your Principal Limit (max available proceeds) based on home value and age — similar to how FHA calculates it.

2 Your existing mortgage is paid off first from the proceeds.

3 Estimated closing costs (origination, appraisal, title) are deducted. The remaining amount is yours.

Estimated Net Proceeds

$195,000

After paying off existing mortgage & estimated closing costs

Principal Limit (approx.) $363,000

Less Mortgage Payoff −$150,000

Est. Closing Costs −$23,500

Net to You $195,000

How You Can Receive These Funds

→ Line of Credit $117,000 available yr 1

→ Monthly (Tenure) $1,083 / month

→ Lump Sum $195,000

* Estimates only. Actual proceeds depend on current interest rates, property appraisal, program selected, and underwriting. Not a commitment to lend.

Age

The older you are, the higher the Principal Limit factor. At 55 you may access around 38% of value; at 80 that can reach 65%+.

Rates

Lower current rates mean higher available proceeds. The calculator uses a fixed model — your actual quote will reflect live rates.

Program

FHA caps at $1,209,750. If your home is worth more, a Jumbo or Proprietary program may yield significantly higher proceeds.