Use our simple and free calculator tool to find out the payout amount you may be eligible to receive.
Answering the questions below does not obligate you to proceed. Get started now for a free quote.



This includes your current mortgage balance, tax liens, mechanics liens, etc.
Borrowers must be 62 or older (or within 6 months of their 62nd birthday)

How Reverse Mortgage Calculators Work

This free calculator tool works by determining your eligibility amount based on responses to the questions above. Factors, such as your home value, current mortgage balance, and your age, together with current industry interest rates and custom deductions, are used to instantly generate a personalized quote.

How Much Can You Receive with A Reverse Mortgage

The amount of funds available from a reverse mortgage are based on several factors, including age of the youngest borrower and the home’s property value. However, no matter the age or interest rate, a person cannot borrow more than the loan limit of $679,650 with a HECM reverse mortgage. In order to receive funds from the reverse mortgage, the mortgage balance should be less than the available equity in your home, as the reverse mortgage funds will be used to first, pay off any existing mortgage. The remaining proceeds can then be used for any reason, including: paying health care costs, making home improvements, supplementing income, or paying off other debts.

Reverse Mortgage Payment Options

  • Line of Credit - Borrowers can choose a line of credit that offers flexible & easy access to draw funds as needed.
  • Lump Sum - Borrowers who choose the fixed-rate option can take their funds in a lump sum at closing. This option provides larger funds up-front.
  • Tenure - Monthly payments received for the life of the loan.
  • Term - Borrowers can receive monthly payments for a predetermined amount of time. This option can be combined with a line of credit.

Disclaimer:

This reverse mortgage calculator and all content provided on this website are for borrower convenience only. The results provided using this calculator are loan estimates, and terms produced, may not be presently available credit terms. Interest rates (fixed rate and adjustable rates, LIBOR index) and amortization, mortgage insurance premiums (MIP), origination fees, lender margins, payment options, and closing costs may vary. Completion of the form does not give permission for a credit inquiry. Borrowers with a reverse mortgage must continue to pay all property taxes, hazard insurance, and HOA dues (if any). To receive an accurate proposal and quote please contact our office at 1-877-611-1329. Reverse Mortgages.com holds NMLS #1313859