Reverse Mortgage Calculator
See a starting estimate of what you may be able to access.
No Social Security number needed · See your estimate before you share any contact information
- Serving homeowners since 2003
- NMLS #76801
- Licensing
- 5.0 Google rating from 59 reviews
How the calculator works
Enter your ZIP code, your home value, what you still owe on your mortgage, and your age. The calculator compares an FHA-insured HECM with proprietary (jumbo) reverse mortgages, which may offer more on higher-value homes. It shows the lump sum, monthly payments, or line of credit each one could provide.
With any reverse mortgage, you must continue to pay property taxes and homeowners insurance, maintain the home, and meet the other loan terms.
What your estimate is based on
- Age. For a HECM, the math uses the age of the youngest borrower or eligible non-borrowing spouse. Older ages generally mean more money available.
- Home value. For a HECM, value counts up to the national lending limit. See Lending Limits. Jumbo programs can go higher.
- Rates. A lower rate generally means more money available. See today's reverse mortgage rates.
- What you owe. Any current mortgage is paid off first, from the loan.
Your estimate is a starting point. Your actual figures depend on your home's appraisal, underwriting, and the rates on the day your loan is priced.
Want to see the numbers with a real person? Start my reverse mortgage review and we'll go over your estimate together.
About the author
ZYNG Mortgage, Inc., NMLS #76801. A reverse mortgage has no required monthly mortgage payments and uses your home's equity. Fees, mortgage insurance and other costs can be added to the loan balance, and the balance grows over time as interest is added, so your equity typically decreases. When the loan becomes due, the home may need to be sold, or the loan repaid from other funds. Interest is not tax-deductible until it is paid, in part or in full. You keep title to your home and must keep paying property taxes, homeowners insurance and upkeep, and meet the other loan terms; not doing so can make the loan due and could lead to foreclosure.
This material is not from HUD or FHA and was not approved by HUD or a government agency.
This is an estimate for illustration only. It is not a loan offer, an approval, or a commitment to lend.
Rates, fees, and figures are not guaranteed and change over time. Your actual figures depend on your property, an appraisal, underwriting, and the rates on the day your loan is priced.
The loan becomes due when the last borrower or eligible non-borrowing spouse no longer lives in the home, or if the loan terms are not met.
ZYNG Mortgage is not affiliated with or endorsed by the U.S. Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA).
ZYNG Mortgage, Inc. NMLS #76801. Verify our license at NMLS Consumer Access.
Equal Housing Opportunity.
Licensed in AZ, CA, CO, FL, ID, MT, OR, TX and WA. See our Licensing page for details.