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National Mortgage Guides

Reverse Mortgage Calculator

A rough estimate of how much a HECM reverse mortgage could make available, from HUD's tables. Enter your own numbers; nothing is filled in for you.

Or of an eligible spouse who isn't on the loan, if they're younger.

Leave blank if it's paid off.

Estimated amount available

Enter an age and your home's value to see an estimate.

Estimate only, not an offer.

See your own estimateA few questions about your home and age, then, if you want, one licensed lender in your state follows up.Start My Estimate

How This Is Worked Out

  • HUD publishes a table that turns your age and the lender's expected rate into a percentage of your home's value. You don't need to know the rate: we use the highest one our lender is quoting, so the estimate stays on the cautious side.
  • Your home's value counts up to HUD's 2026 limit of $1,249,125.
  • A HECM needs the youngest borrower to be 62 or older.
  • Any mortgage you still owe is paid off first. Closing costs and the upfront mortgage insurance premium also come out of the amount.
  • With a reverse mortgage you keep paying property taxes, homeowners insurance and upkeep, or the loan can become due. A HECM requires a counseling session with a HUD-approved counselor before you apply.
  • We are not affiliated with HUD, FHA or any government agency.

National Mortgage Guides is not a lender or mortgage broker. This is an estimate from the numbers you enter, not a loan offer. A lender has to give you a Loan Estimate with the real figures.

Sources

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