Mortgage Calculators

Reverse Mortgage Calculator

A reverse mortgage lets homeowners 62+ tap their equity without monthly payments. Estimate the proceeds you could access.

Inputs

Home value

Age of youngest borrower

Expected interest rate

Existing mortgage balance

Years to project

Home appreciation / year

Estimates only. Change any value to recalculate instantly.

Estimated available proceeds $209,700 after paying off $0 owed

Principal limit $209,700 47% of value

Existing mortgage $0

Available to you $209,700

Home equity $450,000

Your home value

Available proceeds $210k
Pays off mortgage $0
Equity retained $240k

Dollars Loan balanceRemaining equity

Reverse mortgage proceeds rise with age and home value and fall as rates rise — older borrowers access more. The loan plus accrued interest is repaid when you sell, move out or pass away. This is an estimate; HUD counseling is required for a real HECM.

Loan balance vs home equity by yearView table

Year	Loan balance	Home value	Remaining equity
1	$223,331	$463,500	$240,170
2	$237,847	$477,405	$239,558
3	$253,307	$491,727	$238,420
4	$269,772	$506,479	$236,707
5	$287,307	$521,673	$234,366
6	$305,982	$537,324	$231,341
7	$325,871	$553,443	$227,572
8	$347,053	$570,047	$222,994
9	$369,611	$587,148	$217,537
10	$393,636	$604,762	$211,127
11	$419,222	$622,905	$203,683
12	$446,471	$641,592	$195,121
13	$475,492	$660,840	$185,348
14	$506,399	$680,665	$174,266
15	$539,315	$701,085	$161,770

How this calculator works

This calculator runs entirely in your browser — nothing you enter is sent anywhere, and there is no sign-up. Change any input and the result, breakdown, and schedule update instantly.

Rate and cost fields are pre-filled with current benchmarks (Federal Reserve / Freddie Mac via FRED (St. Louis Fed)), so your first result is already realistic — replace them with your own quote to see your numbers. To weigh one option against another, use the loan comparison calculator.

30-year fixed mortgage rate, 2019–2026

Source: Freddie Mac PMMS via FRED. Annual averages; latest weekly reading shown.

Common questions

Is this calculator free, and do I need to sign up?

Yes and no — it is completely free and asks for no account or personal details. Every calculation happens in your browser, so nothing you type is stored or sent to us.

How accurate are the results?

The math is exact for the inputs you give it, but the defaults are national benchmarks — your real rate, fees, taxes, and insurance will differ. Treat the result as a close estimate to refine with a real quote.