Reverse Mortgage Calculator
Calculate how much you can borrow with a reverse mortgage. Determine loan amounts, interest, and equity impact for your retirement planning based on your home value and age.
Step 1: Property Details
Understanding Home Equity
Reverse mortgage loan amounts are based on your home’s value, your age, and current interest rates. The older you are and the more your home is worth, the more you can borrow.
Step 2: Borrower Details
About Principal Limit Factors
The principal limit factor determines how much of your home’s value you can access. It increases with age – older borrowers can access more of their home’s equity.
Reverse Mortgage Results
Estimated Available Funds
Age Factor Comparison
| Borrower Age | Principal Limit Factor | Max Loan Amount | Available Funds |
|---|
Loan Balance Over Time
Reverse Mortgage Calculation Formula
Available Funds = (Home Value × Principal Limit Factor) – Existing Mortgage – Loan Fees
To calculate available funds: Multiply home value by age-based factor, subtract existing mortgage balance and upfront fees. The maximum loan amount is typically 50-75% of home value depending on age.
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