Several factors influence the loan proceeds you may receive from a reverse mortgage, including your age, your home value, how much you owe on your existing mortgage, and current interest rates. Please use our free reverse mortgage calculator to estimate your eligibility for a reverse mortgage.
Download our Reverse Mortgage Amortization Calculator (Excel doc) and edit future appreciation rates, change interest rate assumption and even future withdrawals. Try it free and download to your desktop, print and save your illustrations.
Use our FREE instant mortgage calculator to see what funds you may be eligible for. If you are age 62 or older, a reverse mortgage line of credit offers all the benefits of a home equity line of credit, plus more flexibility.
The standard calculator is the most popular and probably what you’re looking to try out. You are welcome to use all of these tools free of cost and without giving us any personal information – no name, address, or date of birth. Reverse Mortgage Payment Calculator
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Reverse Mortgage Calculator. Our calculator is designed to give you instant results, without providing any personal information. This calculator with generate detailed results, however it is always best to discuss your scenario with one of our trained reverse mortgage advisors.
Use Bankrate’s mortgage calculators to compare mortgage payments, home equity loans and ARM loans. The mortgage calculator offers an amortization schedule.. Compare Mortgage Rates
Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender.
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Current Mortgage Balance. Since a reverse mortgage first pays off your existing mortgage (if you have one), the calculator will subtract the approximate amount you owe from your total amount of estimated proceeds. This will give you a better idea of how much money you’ll have to use however you want.
Determine what you could pay each month by using this mortgage calculator to calculate estimated monthly payments and rate options for a variety of loan terms. Get a breakdown of estimated costs including property taxes, insurance and PMI.