Reverse Mortgage Calculator

Update the pre-filled example below with your own information to see a personalized calculation.

ZIP code required

Age of youngest borrower required

Home value required

Mortgage balance required

HECM
Sample Proceeds $259,350
Mortgage Payoff $90,000
Remaining Equity $310,650
Cash Available $147,621
Values provided are only an estimate. Actual proceeds vary based on (i) your home's appraised value, (ii) loan amount, and (iii) actual closing costs based on your geographic location and the third-party settlement service providers selected. Additionally, certain property charges may be set-aside from loan proceeds reducing the amount otherwise available for distribution if the financial assessment requires the establishment of a Life Expectancy Set Aside ("LESA") account. HomeSafe values are for the HomeSafe standard product only.

You may be eligible for even more.

Speak to a licensed specialist to better understand your options at (800) 841-4626

Sample Proceeds
Mortgage Payoff
Remaining Equity
Cash Available
Values provided are only an estimate. Actual proceeds vary based on (i) your home's appraised value, (ii) loan amount, and (iii) actual closing costs based on your geographic location and the third-party settlement service providers selected. Additionally, certain property charges may be set-aside from loan proceeds reducing the amount otherwise available for distribution if the financial assessment requires the establishment of a Life Expectancy Set Aside ("LESA") account. HomeSafe values are for the HomeSafe standard product only.

You may be eligible for even more.

Speak to a licensed specialist to better understand your options at (800) 841-4626

Calculator Results

Zip Code
Age
Home Value
Remaining Mortgage Balance
© Finance of America

Get a detailed estimate

A licensed reverse mortgage specialist can provide a more detailed estimate and better explain what options may be available to you. Call (800) 841-4626 or fill out the form below.

All fields are required.

This field is hidden when viewing the form
First name*
Last name*
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.

Why unlock equity with Finance of America?

As one of the largest and most trusted reverse mortgage companies in operation, Finance of America has long been leading the way with industry innovations and remarkable customer service that empower borrowers to live retirement to its fullest.

Use Finance of America's Reverse Mortgage Calculator to become a real reverse mortgage customer
Ron

HomeSafe Customer

Use Finance of America's Reverse Mortgage Calculator to become a real reverse mortgage customer
Mark

HomeSafe Customer

Have questions?

A HECM reverse mortgage is a loan exclusively available to homeowners 62+ that converts a portion of home equity into usable cash with no required monthly mortgage payments.* Learn More

*The borrower must meet all loan obligations, including living in the property as the principal residence, maintaining the home, and paying property charges, including property taxes, fees, hazard insurance. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

HomeSafe is a proprietary jumbo reverse mortgage available to homeowners 55+* that converts up to $4 million in home equity into usable cash. Learn More *For certain HomeSafe products only, excluding Massachusetts, New York, and Washington, where the minimum age is 60, and North Carolina and Texas where the minimum age is 62.
HomeSafe Second is a second lien and HELOC alternative that turns a piece of home equity into cash without the burden of a new monthly mortgage payment or the need to refinance.*  

*The borrower must meet all loan obligations, including meeting all loan obligations under the first lien mortgage, living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

A reverse mortgage loan allows you to unlock a portion of equity in your home with no required monthly mortgage payment.* The loan balance grows over time and is typically repaid when you sell the home, no longer use it as your primary residence, pass away, or don’t comply with the loan terms. Learn More

*The borrower must meet all loan obligations, including living in the property as the principal residence, maintaining the home, and paying property charges, including property taxes, fees, hazard insurance. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.

In addition to interest, reverse mortgage costs can include a property appraisal fee, origination fee, closing costs, servicing fee, and a modest charge for independent counseling. Most of these upfront costs can be rolled into the loan itself, and while closing costs vary based on the type and size of the loan, they’re similar to those for any traditional mortgage.