HECM Reverse Mortgage for Purchase Calculator
HECM for Purchase: How much can you qualify for?
Yes, you can finance a home purchase without a mortgage payment! This calculator estimates how much financing you can get from an FHA-insured HECM reverse mortgage. No contact information is required. Enter your age and the purchase price of the home in the fields below, then click 'Next' to continue.
Age (of youngest borrower):
Not purchasing a home? Use our regular HECM calculator.
This reverse mortgage calculator is for informational purposes only. MyHECM.com is not a lender. Lender-quoted proceeds, rates, and closing costs will vary. Please get a formal quote from a licensed reverse mortgage lender before making a financial decision. This page may contain affiliate links. If you purchase after clicking a link, we may receive a commission at no extra cost to you. This calculator reflects the 1/1/2022 lending limit change.