Reverse Mortgage Calculators
Estimate how much you could access from your home's equity with a reverse mortgage.
Quick Estimate Overview
Estimated Available to You
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Estimate only. Actual amounts depend on FHA lending limits, property appraisal, and lender fees. Borrowers must be 62+.
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What you need to know about reverse mortgages
No required monthly principal-and-interest payments
The loan balance is repaid when you sell, move out, or pass away. However, you must continue paying property taxes, homeowners insurance, and maintenance, and the home must remain your principal residence. Interest and fees accrue and increase the loan balance over time. See CFPB: What is a reverse mortgage?
You keep ownership
You retain title to your home. The lender does not own your property.
FHA-insured
HECMs are insured by FHA — you'll never owe more than the home's value.
Counseling required
HUD-approved counseling is required before closing to protect borrowers.
Reverse mortgage myths — debunked
"The bank owns my home."
False — you keep the title and ownership. The lender only holds a lien, like a regular mortgage.
"I'll owe more than my home is worth."
False — FHA insurance guarantees you'll never owe more than the home's appraised value at sale.
"My heirs get nothing."
False — your heirs inherit any remaining equity after the loan is repaid.