Reverse Mortgage Calculator
Estimate your reverse mortgage benefits based on home value, age, and current interest rates.
Property & Borrower Details
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years
%
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Reverse mortgages let homeowners 62+ convert home equity to cash without monthly payments.
Maximum Lump Sum (Year 1)
$51,912
available immediately
Principal Limit
$149,520
Net Available
$86,520
Cost Breakdown
Upfront MIP (2%)$8,000
Est. Closing Costs$5,000
Existing Mortgage Payoff$50,000
Projected Balance & Equity
| Year | Home Value | Loan Balance | Equity |
|---|---|---|---|
| 1 | $412,000 | $54,767 | $357,233 |
| 2 | $424,360 | $57,779 | $366,581 |
| 3 | $437,091 | $60,957 | $376,134 |
| 4 | $450,204 | $64,310 | $385,894 |
| 5 | $463,710 | $67,847 | $395,863 |
| 6 | $477,621 | $71,578 | $406,042 |
| 7 | $491,950 | $75,515 | $416,434 |
| 8 | $506,708 | $79,669 | $427,039 |
| 9 | $521,909 | $84,050 | $437,859 |
| 10 | $537,567 | $88,673 | $448,893 |