Guiding borrowers to the right decisions
Protecting borrowers from mortgage predators
Reverse Mortgage Calculator
Rates and Fees
Step 1: How You Plan to Use Your Reverse Mortgage
Make a Selection that Best Describes Your Plans for Your Reverse Mortgage
You want the largest possible monthly payment for as long as you live in your house.
You want the largest possible payment for a period of
You want the largest possible credit line that can generate additional future income and/or protect against future hazards.
You want to access as much cash as possible right now to meet an immediate need, such as paying off short-term debt.*
You want any combination of monthly income, cash at closing, and credit line.
Purchase a House:
You want the largest possible cash draw for use as down payment for a house purchase.
* Note: The "Cash Now" option is the only use of a reverse mortgage for which a fixed interest rate is permissible. All other uses require an adjustable rate.