Reverse Mortgage Calculator
Estimate your HECM in about 30 seconds.
A rough estimate of how much a reverse mortgage could give you, based on the HUD Principal Limit Factor. Not an official quote, but a solid starting point before a real conversation.
Reverse Mortgage Calculator
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HECM Estimate
Values are only an estimate based on your inputs and are provided for informational purposes only. Actual proceeds vary based on (i) your home's appraised value, (ii) loan amount, (iii) interest rates, and (iv) actual closing costs based on your geographic location and the third-party settlement service providers selected.
Want a more accurate, personalized quote?
Get Your Personalized ConsultationWant a more detailed estimate? Talk to Brian.
The calculator gives a rough idea — Brian can give you real numbers.
How this calculator works
HUD publishes a Principal Limit Factor (PLF) table that determines how much a homeowner can borrow with a HECM. Multiply your home value (capped at the FHA HECM lending limit) by the PLF for your age at the current expected rate, and you have your principal limit.
From that principal limit, subtract any existing mortgage that must be paid off, plus closing costs (FHA insurance premium, origination fee, and third-party fees). The remainder is what's available to you as a lump sum, a growing line of credit, monthly tenure payments, or a combination.
This estimator uses an approximate 7.5% expected rate and typical closing-cost assumptions. Real HECM quotes require current rate lookup, appraisal, HUD counseling, and a full financial assessment.
Let's explore your options
A conversation with Brian is educational, unhurried, and never salesy.
Whether you're planning retirement, buying your next home in Bloomington, or helping aging parents, start with a conversation, not a pitch.
"Brian didn't try to sell us anything. He drew a diagram on a napkin and answered every question we had. Two months later we called back."