Reverse Mortgage Calculator
How Much Could You Qualify For?
A 62 year old whose home is valued at $305,000 and owes $60,000 may qualify for $102,674
A 65 year old owner of a 402,000 home with no mortgage may qualify for $208,650!
A 70 year old owner of a $510,000 home with a $51,000 mortgage may qualify for $224,724!
An 80 year old owner of a $700,990 home with no mortgage balance may qualify for $441,425
Find Out What A Reverse Mortgage Could Mean For You!
Disclaimer: Tools and advice provided on this page are for estimate purposes only borrower convenience and the examples shown are for illustration purposes only. Interest rates (fixed rate and adjustable rate, LIBOR index) and amortization, mortgage insurance premiums (MIP), origination fees, lender margins, payment options and closing costs may vary. In order to be eligible to apply for a reverse mortgage, one of the requirements to fulfill is to attend a counseling session with a counseling agency that is approved by the U.S. Department of Housing and Urban Development (HUD). Borrowers must continue to pay taxes, insurance, and home maintenance, as well as comply with loan terms.