Reverse Mortgage Calculator
Calculate how much home equity you can access with a reverse mortgage. Estimate loan amounts and payment options for AARP-compliant reverse mortgages.
Reverse Mortgage Calculator
Estimate your reverse mortgage loan amount based on your age, home value, and equity
The full reverse mortgage calculator is available on our main calculator page
Go to Main CalculatorHow Reverse Mortgages Work
- No Monthly Payments: You don't make monthly payments to the lender
- Access Equity: Get funds as lump sum, line of credit, or monthly payments
- Loan Repayment: Loan is repaid when you move out or pass away
- Stay in Home: You retain ownership and can stay in your home
Eligibility Requirements
- Must be at least 62 years old
- Own your home outright or have significant equity
- Home must be your primary residence
- Must maintain property taxes and insurance
Reverse Mortgage Loan Limits
Maximum loan amounts are determined by your age, home value, and current interest rates
FHA HECM Limit$1,149,825
Typical Loan Amount: 40-60% of home value depending on age
Older borrowers and lower interest rates typically receive higher loan amounts.
Understanding Reverse Mortgage Costs
Initial Costs
- • Origination fee (up to $6,000)
- • FHA insurance premium (2% of home value)
- • Appraisal and inspection fees
- • Closing costs
Ongoing Costs
- • Annual FHA insurance premium (0.5% of loan balance)
- • Interest on loan balance
- • Property taxes and insurance
- • Home maintenance
Calculate Your Reverse Mortgage
Use our mortgage calculator to estimate your reverse mortgage loan amount and see how much equity you can access.
Start Calculating