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Jan 17, 2024 · The best HECM reverse mortgage calculator without personal information online. Easily calculate reverse mortgage monthly payments, lump sum, or line of credit.
Reverse Mortgage for Purchase Calculator. 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.
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What is a HECM for purchase calculator?
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What is the FHA -insured home equity conversion mortgage (HECM) calculator?
What is a home equity conversion mortgage (HECM)?
What is a HECM & how does it work?
Can a HECM reverse mortgage save you money?
Our reverse mortgage calculator can help you determine how much money you might qualify to receive in a lump-sum payment. No personal information is required to calculate your estimate.
- A reverse mortgage is a home loan that provides income to senior homeowners by drawing from their available home equity.
- A reverse mortgage might make sense if you need to supplement your income and plan to age in place. It also works if you can comfortably keep up wi...
- Requirements for a reverse mortgage vary by lender, but a good rule of thumb is to have at least 50% home equity. If you don’t own your home outrig...
Our free proprietary mortgage calculators are designed to help you get the answers you need to achieve your financial goals. Our most popular mortgage calculators are our reverse mortgage calculator and our reverse mortgage for purchase calculator.
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.