Free to use, no account
Reverse Mortgage Calculator
Estimate how a balance may change under assumptions you enter for advances, fees and interest. Optionally compare it with a home-value scenario.
How is a reverse mortgage balance projected?
This illustration starts with an opening balance plus any financed upfront fees. Each month it applies the entered nominal annual rate compounded monthly, then adds the monthly advance and fee. It is not a lender quote, eligibility check or legal loan calculation, and it is not financial advice.
Frequently asked questions
How is a reverse mortgage balance projected?
This illustration starts with an opening balance plus any financed upfront fees. Each month it applies the entered nominal annual rate compounded monthly, then adds the monthly advance and fee. It is not a lender quote, eligibility check or legal loan calculation, and it is not financial advice.
Are my home or loan figures uploaded?
No. This calculator runs in your browser; the figures you enter are not sent to a processing service.
Does this calculate my lender’s exact reverse-mortgage balance?
No. It is a simple scenario based only on the figures and fixed monthly assumptions you enter. It does not apply lender, HECM or other program rules.
When are interest, monthly advances and fees added?
The model compounds the entered nominal annual rate monthly, then adds each monthly advance and fee at month end. Any financed upfront fee is added at month zero.
Is the home-value and equity result a property valuation?
No. It uses the constant yearly change you enter as a what-if scenario. Actual home value, sale costs and loan terms can differ.