Our Reverse Mortgage Calculator helps homeowners 55+ and older estimate how much of their home equity they may access through a reverse mortgage. Simply enter your age, home value, existing mortgage balance, and loan type to view your estimated principal limit, loan-to-value ratio, and cash-out availability. These estimates are based on FHA’s Home Equity Conversion Mortgage (HECM) program guidelines and the 2025 National Lending Limit. Actual proceeds will depend on your property type, interest rate tier, credit score and financial assessment. This calculator is for educational purposes only and should not replace professional financial advice. For a personalized assessment, consider speaking with a Reverse Mortgage Advisor or HUD-approved counselor to understand your full options and eligibility.
❓ FAQ Section
How accurate is this reverse mortgage calculator?
The calculator provides an educational estimate based on FHA HECM lending limits and Jumbo Proprietary lending limits. Actual eligibility and proceeds vary by interest rate, property type, and financial assessment.
Do I need to pay anything to use this calculator?
No, it’s completely free to use. You can explore different scenarios without providing personal or financial information.
What does “Principal Limit” mean?
The Principal Limit is the total amount you may be eligible to borrow, determined by your age, home value, and current interest rates.
Are reverse mortgage proceeds taxable?
No, reverse mortgage proceeds are typically considered loan advances, not income, and are therefore not taxable. Consult a tax advisor for details.
What’s the difference between FHA HECM (age ≥ 62) and Jumbo Proprietary (age ≥ 55)
FHA HECM loans are federally insured reverse mortgages designed for homeowners aged 62 and older, with lending limits capped by HUD (currently $1,209,750 for 2025). They typically offer lower interest rates and strong consumer protections.
In contrast, Jumbo Proprietary reverse mortgages are private (non-FHA) loans available to homeowners as young as 55. They allow you to use the full value of your home beyond the $1,209,750 lending limit, providing the potential for a larger principal limit and more flexible terms—making them ideal for high-value properties.
How do I get a personalized reverse mortgage quote?
After reviewing your estimate, you can request a free, no-obligation consultation with a licensed Reverse Mortgage Advisor to receive a detailed analysis.
Disclaimer: For Educational Purposes Only
The information, tools, and calculators provided on Reverse Mortgage Dilemma are intended solely for educational and informational purposes. They are designed to help you better understand how a reverse mortgage might align with your retirement goals. This content is not intended to serve as financial, legal, or tax advice.
All materials are developed and reviewed by Reverse Mortgage Experts with decades of combined experience in mortgage lending, underwriting, and real estate. However, every financial situation is unique. We strongly recommend consulting with a qualified financial advisor, tax professional, attorney, Reverse Mortgage Advisor or a HUD-approved housing counselor before deciding related to reverse mortgages.
To ensure accuracy and reliability, our educational content references well-established, nationally recognized sources, including HUD, CFPB, AARP, and other authoritative organizations in retirement and housing.
Our mission is to provide unbiased, clear, and helpful information so that you can make confident and informed decisions about your financial future.