Reverse Mortgage Calculator

Homeowners may turn some of the value in their properties into cash by applying for a reverse mortgage. The reason the loan is named a reverse mortgage is that, unlike with a typical mortgage, the borrower receives payments from the lender each month. Use our calculator to see if a reverse mortgage is the correct loan option for you. You have the option to investigate the potential costs of a reverse mortgage across several timeframes, such a decade or two. You may also view the potential changes in your home equity over time based on estimates about the house value and interest rate.