Lump Sum Reverse Mortgage Calculator
Calculate your reverse mortgage lump sum payout based on home value, age, and current interest rates. Understand how different factors affect your reverse mortgage amount.
Step 1: Borrower Details
About Reverse Mortgages
A reverse mortgage allows homeowners 62+ to convert home equity into cash without monthly mortgage payments. The loan is repaid when the home is sold or the borrower moves out.
Step 2: Loan Details
Important Considerations
Reverse mortgages have upfront costs and affect your home equity. You must maintain the home, pay property taxes and insurance. Consult a financial advisor before proceeding.
Reverse Mortgage Results
Estimated Lump Sum Payout
Reverse Mortgage Payment Options Comparison
| Payment Option | Monthly Payment | Lump Sum Available | Credit Line Growth | Best For |
|---|
Home Equity Timeline
Reverse Mortgage Formula
Principal Limit = (Home Value × Principal Limit Factor) – Existing Mortgage
The principal limit factor is based on age and interest rates. Older borrowers and lower rates result in higher principal limits. Closing costs are deducted from the available funds.
Need Professional Reverse Mortgage Advice?
Connect with our financial experts for detailed reverse mortgage guidance, eligibility assessment, and personalized recommendations for your retirement planning.
Get Professional Advice