How much could a reverse mortgage give you?
The short answer
Enter your ZIP code, home value, mortgage balance, and the youngest borrower's age to see an estimated range of what an FHA-insured reverse mortgage (HECM) could provide after paying off your current mortgage and costs. The Mortgage Advisory built this calculator on HUD's official tables, and nothing you enter is sent or saved.
What should I know about this estimate?
- Age matters most. The older the youngest borrower (or spouse), the more is available.
- Your current mortgage gets paid off first. Want to keep a low-rate first mortgage? See the reverse mortgage second.
- You still pay property taxes, insurance, and upkeep, and the balance grows over time. See how a reverse mortgage works.
- Financial professionals: use it to size up a client before a case review. The Copy summary button gives you a note with no names in it.