Reverse Mortgage Calculator

Home's Appraised Value
HECM Eligible Amount

10-Year LIBOR Swap Rate
Lender's Margin
Monthly Insurance Premium A return difference between two assets or portfolios. " class="glossaryLink ">Premium

Age of Youngest Eligible (Borrower or Non-Borrower) Spouse Note: Round age up if birthday falls within six months of the first day of the month that the loan will close
		Age	Modified Expected Rate
Principal Limit Factor
		Maximum Possible Amount
Loan origination fee

Will You Borrow Less Than 60% of the Principal Limit in the First Year?

Initial mortgage insurance
Other closing costs (appraisal, titling, etc.)

Total Upfront Costs
Percentage of Upfront Costs to be Financed

Debt Repayment, Repairs, or Other Life-Expectancy Set-Aside (LESA) Requirements

Net Available HECM Credit

	Monthly	Annual	Payout Rate
Net Available as a Tenure Payment

Term Payment Calculator
Desired Term Horizon (Years)
	Monthly	Annual
Net Available as a Term Payment

Note: Modified Expected Rate is rounded down to nearest 0.125% multiple. Also, this rate cannot be less than 5% or greater than 10%.

HECM Calculator: Net Available Line of Credit or Tenure Payment for a Variable Rate Loan