Reverse Mortgage Calculator
Use this calculator as a starting point, not a decision. It can help you explore how age, home value, and an existing mortgage balance may affect possible reverse mortgage options.
Start with numbers. Finish with questions.
The calculator below is provided for education. Actual eligibility, proceeds, costs, and loan terms depend on the program, property location, borrower qualifications, counseling where applicable, underwriting, and current program assumptions.
This calculator is not a digital loan application. It opens the Finance of America Reverse calculator in a new browser window so you can explore a possible estimate before having a plain-English conversation with Russ.
For New York-based conversations, this website should be treated as an educational resource. A digital application is not available through this site.
Open the calculator in a new window.
Use the calculator as an educational starting point. The estimate is not a loan approval, final eligibility confirmation, guaranteed proceeds, or a commitment to lend.
The calculator is helpful, but it does not replace a real review.
A reverse mortgage decision should not be made from a single number on a screen. The estimate can start the conversation, but it cannot answer every question that matters.
It does not confirm eligibility.
Eligibility depends on borrower, property, program, counseling where applicable, underwriting, and other requirements.
It does not explain every cost.
Loan costs, available options, rates, margins, and program terms can differ from a general estimate.
It does not replace family questions.
Spouses, heirs, adult children, and long-term housing goals may all need to be part of the conversation.
Use the calculator to get oriented, then slow the decision down.
Bring the estimate to Russ and review what may apply, what may not apply, and what other options should be compared before making a decision.
Have a number? Now get context.
You do not need to make sense of the estimate alone. Russ can walk through what it may mean, what it does not mean, and what questions should come next.