Reverse Mortgage Calculator (HECM)
Estimate how much you can borrow with a Home Equity Conversion Mortgage (HECM). This tool assumes a variable-rate HECM, the most common type.
🔒 Privacy First: This calculator requires no personal information - no name, email, or phone number needed.
Must be at least 62 years old
Max Lending Limit: ~$1,149,825 (2024)
Must be paid off with proceeds
What is a Reverse Mortgage?
A reverse mortgage allows homeowners aged 62 and older to convert part of their home equity into cash. The most common type is the Home Equity Conversion Mortgage (HECM), insured by the FHA.
Key Requirements
- Age: You must be at least 62 years old.
- Equity: You must have significant equity in your home (typically 50% or more).
- Residency: The home must be your primary residence.
How Much Can I Borrow?
The amount depends on the age of the youngest borrower, the current interest rate, and the lesser of the appraised value or the HECM mortgage limit ($1,149,825 in 2024).
"No Personal Info" Promise
Many reverse mortgage websites require your phone number to give you a quote, leading to unwanted sales calls. Our calculator is 100% free and anonymous. We do not collect your data.