See how much you can get!

Senior Security Reverse Mortgage Calculator

Our exclusive Reverse Mortgage Calculators allow you to quickly see how much you can receive by entering your home’s value and existing mortgage. Homeowners find Senior Security’s reverse mortgage calculator to be an excellent additional retirement research tool.

Reverse Mortgage Calculator Fields 

Our free Reverse Mortgage Calculator allows you to utilize its features without any personal information required.

Reverse Mortgage Calculator Fields 

Our reverse mortgage calculator is extremely simple. It determines the funds you may receive by entering only 3 pieces of information (Estimated Home Value, Existing Mortgage, and Youngest Homeowner’s Date of Birth).

Reverse Mortgage Calculator Fields 

Estimated Home Value

Estimated Home Value

Your estimate of what your appraised value of your home would be. This helps determine the amount of funds you may receive

Current Mortgage Balance

Current Mortgage Balance

When taking advantage of a reverse mortgage, your current mortgage balance is paid off first (if you have one). Since your mortgage must be paid off the calculator subtracts the amount you owe from the total amount of funds you would receive.

Keep in mind, even if there isn’t enough equity for  you to walk away with extra funds, this is still a great way to get rid of your monthly mortgage payments.

Youngest Homeowner’s DOB

Youngest Homeowner’s DOB

To be eligible for a reverse mortgage borrowers must be over the age of 62. In most cases the older the borrower the more in proceeds the borrower will receive.

Estimated Purchase Price

Estimated Purchase Price

Borrower’s seeking to purchase a home to better suit their needs can use a reverse mortgage to pay for their new home.

Reverse Mortgage Calculator

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Reverse Mortgage to Purchase a Home – H4P

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WHAT’S NEXT?

Visit our Reverse Mortgage Program’s page to see the best reverse mortgage options for your needs. Call today for a free consultation and opportunity assessment!

1-888-639-4950

*This seniorsecurity.com calculator is provided to assist you in estimating what mortgage funding may be available to you as loan proceeds under the FHA Home Equity Conversion Mortgage (HECM) program. It is for illustrative purposes only and does not represent an offer to lend.

Please feel free to contact us if you would like additional information or wish to receive a custom no obligation estimate.