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Jan 17, 2024 · No contact information is required. The best HECM reverse mortgage calculator without personal information online. Easily calculate reverse mortgage monthly payments, lump sum, or line of credit.
Estimate how much you can finance with no mortgage payment using an FHA-insured HECM reverse mortgage. No contact information is required. Select your age and the purchase price of the home using the sliders below, then click 'Next' to continue.
Reverse Mortgage Calculator. Do you want to estimate what your remaining equity balance will be a few years out from today? Use this free calculator to help determine your future loan balance. This tool is designed to show you how compounding interest can make the outstanding balance of a reverse mortgage rapidly grow over a period of time.
This calculator estimates what you may be able to receive from the federally-insured Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage loan. In order to obtain one of these loans, you and your co-borrower (if any) must be at least 62 years old. Select Estimated Home Value.
With a HECM, the percentage of your home’s equity you can borrow depends on your age, the interest rate you get on your loan, and the value of your home up to the HECM limit (currently $1,149,825). Use our free reverse mortgage calculator to determine how much equity you may qualify for.
Based on the estimated value of your home (which can’t exceed $625,500 for purposes of calculating the reverse mortgage loan amount) and your age, the Calculator will determine how much you are eligible to borrow.
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