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Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
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All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041) |
NOTE: Our calculator updates daily to reflect the latest interest rates, closing costs, and HUD.gov principal limits.
Welcome to America’s #1 Rated Reverse Mortgage Calculator, trusted by thousands of homeowners nationwide. Quickly discover your options for HECM, Jumbo, and Proprietary reverse mortgage programs with confidence. With over 20 years of industry expertise, All Reverse Mortgage, Inc. provides precise calculations tailored specifically to your needs—no personal details required.
Key Features of Our Reverse Mortgage Calculator
Our reverse mortgage calculator stands out with these user-friendly features:
- Privacy First: Get personalized results without entering sensitive personal information.
- Daily Updated Rates: We refresh our calculator every day with the latest interest rates, APRs, and HUD’s principal limits to ensure you receive accurate estimates.
- Easy Side-by-Side Comparisons: Quickly compare multiple reverse mortgage options to choose the best match for your retirement goals.
- Simple and User-Friendly: An intuitive, guided process ensures you can easily explore your options.
- ARLO Intelligence (AI): Advanced AI analyzes your inputs and recommends the best reverse mortgage product to suit your unique financial situation.
How to Use the Reverse Mortgage Calculator: Step-by-Step Guide
Follow these simple steps to quickly calculate your reverse mortgage:
- Enter Your Zip Code: Helps ARLO estimate local third-party closing costs, including appraisal, title insurance, and recording fees.
- Input Your Street Address: ARLO estimates your home value automatically, which you can adjust if needed.
- Mortgage Balance (if any): Enter your existing mortgage amount to calculate your net available proceeds.
- Age of Youngest Homeowner: Enter the youngest homeowner’s age. This helps determine the loan amount since age significantly affects reverse mortgage limits.
Pro Tips to Maximize Your Reverse Mortgage Estimate
- Include Younger Spouse’s Age: If married, always include the age of the younger spouse, even if they’re under 62, as this affects your loan terms.
- Optimize Your Timing: Closing the reverse mortgage within six months of your next birthday might increase your available funds.
- Account for All Mortgage Balances: Accurately include existing mortgages or liens for a clear understanding of available equity.
Understand Your Results with ARLO AI
ARLO Intelligence (AI) guides you to the best reverse mortgage option, clearly explaining your customized results:
Here are the four key areas ARLO will guide you through:
Best Overall Payout: “This rate option will give you access to more cash proceeds over the life of the loan than any other available product. You will notice a line of credit available after 12 months, allowing you to receive the most money possible in the first 12 months. If your number one goal with the Reverse Mortgage is to get as much money as possible, this is your best option.”
Best Over Time: “If you want to keep as much equity in your home as possible while having access to a credit line for emergencies, this could be the right choice. Over time, the loan balance with this option grows slower than other products, leaving you with more equity in the long run. Reviewing the amortization schedule can show how this product helps maintain a lower balance over the years. This makes it a good option if preserving equity is your main goal.”
Lowest Closing Costs: “If keeping your upfront costs low is your priority, this option is great for setting up your reverse mortgage. It’s ideal if you’re more focused on minimizing expenses than maximizing the money you receive. Remember, most fees and costs can be rolled into the loan so that you may have little or no out-of-pocket expenses. This makes it easier to start your reverse mortgage without a significant financial burden.”
Fixed Rate Loan Options: “As the name indicates, this is a Fixed Rate loan option. Your rate would never be subject to change if you choose and close on this product option. If your biggest priority were to secure a rate that would not be subject to change, you would select this option. Fixed Rate loans are a single disbursement lump sum, so there is no option for a credit line. Depending on your circumstances, a Fixed Rate loan option may not provide you with as much available loan proceeds as one of the adjustable products, so you will want to compare the amount of proceeds available when making your decision.
Searching for the best reverse mortgage calculator to understand the numbers, I discovered All Reverse Mortgage and noticed their rates were lower than the major lenders. Their prompt response and quick follow-up demonstrated their commitment to excellent customer service. -Peter H. (BBB)
Calculator FAQs
How does ARLO Intelligence improve reverse mortgage calculations?
ARLO analyzes your home value, age, and financial goals to provide real-time rates and AI-driven loan recommendations tailored to your needs.
How much can I borrow with a reverse mortgage?
Your loan amount is based on age, home value, and current interest rates. HUD’s Principal Limit Factors (PLF) table determines the maximum borrowing limit.
How do interest rates impact my loan amount?
Lower interest rates increase your available funds, while higher rates reduce the amount you can borrow.
What is the HECM line of credit growth rate?
The HECM line of credit grows over time based on your loan’s current interest rate + mortgage insurance premium (MIP). This increases your available funds each year.
How is the lump sum payment calculated?
Your lump sum payout follows HUD guidelines and depends on loan type, mandatory obligations, and closing costs.
What’s the downside of a reverse mortgage?
Interest accrues over time, reducing equity. Use our amortization calculator to see long-term impacts.
Why trust All Reverse Mortgage’s calculator?
Backed by over 20 years of reverse mortgage expertise, our calculator provides real-time, HUD-approved results to ensure maximum accuracy.
Ready for Your Free Quote? Calculate your options today with All Reverse Mortgage’s trusted calculator—rated 4.99/5 by thousands of satisfied homeowners. Try our easy-to-use calculator or call Toll-Free at (800) 565-1722 to speak directly with our reverse mortgage experts. We’re committed to helping you make confident decisions so you can enjoy retirement your way!
