Free Estimator
Get a rough estimate of how much you could access with a reverse mortgage based on your age, home value, and any mortgage you'd pay off. For homeowners 62 and older.
Rough estimate only. Home value is capped at the HUD lending limit (about $1.2M, updated annually). Actual proceeds use official HUD principal-limit factors and depend on age, rate, program, and property. HUD-approved counseling is required. Borrowers must be 62+ and keep taxes, insurance, and upkeep current.
A reverse mortgage (HECM) lets homeowners 62 and older convert equity into cash with no monthly mortgage payment. The amount you can access — the principal limit — is driven by the age of the youngest borrower, your home's value (capped at the HUD lending limit), and current rates. Older borrowers and lower rates produce a higher principal limit.
From that principal limit the lender subtracts any existing mortgage you pay off and closing costs; what remains is available to you as a lump sum, line of credit, or monthly draw.
This tool is an estimate to start the conversation. Because HUD updates its principal-limit factors and lending limit regularly, and rates move daily, call (949) 379-5320 for an exact, personalized figure — and note that HUD-approved counseling is required before closing.
A reverse mortgage — most commonly an FHA-insured HECM — lets homeowners age 62 and older convert home equity into cash with no monthly mortgage payment. How much you can access depends mainly on the age of the youngest borrower, your home's value (up to the FHA lending limit), and current rates. Older borrowers qualify for a larger share of their equity.
You keep the title and continue living in the home; the loan is repaid when the last borrower sells, moves out, or passes away, and your heirs keep any remaining equity. Proceeds can come as a lump sum, monthly payments, or a growing line of credit. This calculator gives a rough estimate of available funds — talk with us about which payout structure fits your retirement plan.
Yes. You remain on title and own your home. You must keep paying property taxes, homeowners insurance, and upkeep. The loan is repaid from the home's value when the last borrower permanently leaves, and any remaining equity goes to you or your heirs.
For a HECM, the youngest borrower must be at least 62. The older you are, the larger the percentage of your equity you can access, because the loan is expected to be outstanding for fewer years.
It depends mainly on the age of the youngest borrower, your home's value (up to the HUD lending limit), current rates, and any existing mortgage you must pay off. Older borrowers and higher-value homes generally qualify for a larger amount. This estimator gives a rough figure; your actual amount is set by the HUD formula and current rates.
For a HECM reverse mortgage you must generally be 62 or older, own the home as your primary residence with significant equity, stay current on property taxes, insurance, and upkeep, and complete HUD-approved counseling.
No — it's a rough estimate only. Actual proceeds depend on the official HUD principal-limit factors, the exact program and rate, your age, and property details. Call us for a precise, personalized figure.
No monthly mortgage payment is required. The loan is repaid when you sell, move out permanently, or pass away. You must still pay property taxes, homeowners insurance, and maintain the home.
We'll walk you through a precise reverse mortgage figure and the HUD counseling step — no pressure, no obligation.