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Simple HECM Calculator: How Much Money Can You Get? - MyHECM.com - The Straight Deal on the HECM Reverse Mortgage From An Industry Expert

Simple HECM Calculator: How Much Money Can You Get?

3/13/2016 – The HECM calculator below is up to date with the latest program changes and principal limit tables, which were released and implemented by the Department of Housing and Urban Development (HUD) on August 4, 2014. 

If you’re at least 62 years old and own your own home, a HECM reverse mortgage could be a fantastic way to tap into the equity of your home without taking on a mortgage payment or giving up ownership of the home.

Use the HECM calculator below to find out how much money could be available from an FHA-insured HECM reverse mortgage. Simply fill in the information requested and click “Next” to continue.

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HECM Calculator

Step 1: Age and Home Value

Use this HECM calculator to estimate how much you may get from a reverse mortgage.

Please enter the age of the youngest borrower and the estimated market value (not tax assessment) of your home below.

Age of the youngest borrower:
Estimated property value: