HOME EQUITY CONVERSION MORTGAGE

HECM Calculator

Estimate your reverse mortgage proceeds and see how a line of credit can grow over time.

👤 Borrower & Property

70

Must be 62 or older

$

HUD Lending Limit: ~$1,149,825

$
6.5%

📈 Line of Credit Growth Projection

Year Age LOC Balance Growth Rate

Estimated Proceeds

Principal Limit (Gross)
$324,000
Less: Mortgage Payoff
($100,000)
Less: Estimated Closing Costs
($15,000)
Net Available Cash / LOC
$209,000

Monthly Income Option

Instead of a lump sum or line of credit, you can receive monthly payments for life (Tenure).

Tenure Payment $1,250/mo

Did You Know?

The unused portion of your HECM Line of Credit grows at the same rate as the interest rate plus the mortgage insurance premium rate. This means your access to funds increases over time, independent of your home's value.