Reverse Mortgage Calculators

Reverse Mortgage Calculators

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Reverse Mortgage Calculators

Reverse Mortgage Calculator

Reverse Mortgage for Purchase Calculator

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LOAN PROGRAMS

Choose the calculator that fits your situation: a reverse mortgage on a home you already own, or a reverse mortgage for purchase to buy your next home.

For homeowners 62 and older. Estimate how much equity you may be able to access with an FHA HECM using the 2026 lending limit of .

FHA HECM requires age 62 or older. Factors stop increasing after age 90.

Payoff and estimated costs are higher than the principal limit. A lower balance, higher value, or older youngest borrower can change this result.

Home value is above the 2026 HECM lending limit, so the estimate uses .

Not eligible yet

Age 62 required

An FHA HECM reverse mortgage requires the youngest borrower to be at least 62. Move the age slider to 62 or older to see an estimate.

For buyers 62 and older. A HECM for Purchase combines the reverse mortgage with your own funds to buy a home, with no required monthly mortgage payment. See about how much cash you may need at closing.

Estimated cash needed at closing

About % of the purchase price before costs

Purchase price is above the 2026 HECM lending limit, so the reverse mortgage portion uses .

An FHA HECM for Purchase requires the youngest borrower to be at least 62. Move the age slider to 62 or older to see an estimate.

Educational estimates only, not a loan commitment or a substitute for required HUD counseling. Upfront mortgage insurance is calculated at 2% of the maximum claim amount, and the origination fee follows the FHA cap of $6,000. For purchases, the borrower must occupy the home as a primary residence and be able to pay property taxes, insurance, and upkeep. Actual proceeds depend on the appraisal, the expected rate at application, published principal limit factors, and final closing costs.

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