Reverse Mortgage Calculator

A rough, age-based estimate of how much a homeowner 62+ might access through a reverse mortgage after paying off any existing loan.

Rough reverse mortgage estimate

Home value ($)

Remaining mortgage ($)

Age of youngest borrower

Must be 62+ for a HECM

Rough available loan (principal limit, net of payoff)

Estimated principal limit factor0%

Gross principal limit$0

Existing mortgage paid off first$0

Very rough educational estimate using an age-based principal-limit factor. Real reverse mortgage (HECM) amounts depend on current rates, the FHA lending limit, fees and counseling. Not a quote.

How a reverse mortgage estimate works

A reverse mortgage (most commonly an FHA HECM) lets homeowners aged 62+ convert equity into cash without a monthly mortgage payment; the balance grows over time and is repaid when the home is sold. Lenders apply a principal limit factor that rises with the youngest borrower's age and falls with interest rates. Any existing mortgage must be paid off from the proceeds first.

This tool uses a simplified age-based factor for a ballpark only. A reverse mortgage is a major decision with real costs — counseling is required for a reason.