About Reverse Mortgages / Reverse Mortgage Calculator


Reverse Mortgage Calculator

Hello, I’m ARLO and my job is to intelligently calculate your perfect reverse mortgage loan. Let’s Get Started! (Instant Quote - No SSN Required)
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Step 1 of 3. Enter your address to calculate your eligibility...
Street Address
Zip Code
Home Value
Existing Mortgage
ARLO Reverse mortgage proceeds are based in part on your age. If you have a spouse their age will be needed as well in order to give you the most precise calculations.
Your DOB
Spouse DOB (If you have a spouse)

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How this Calculator Works

Great news! ARLO™ is the only reverse mortgage calculator of its kind to offer instant and accurate eligibility. ARLO™ will generate a quote that includes your eligibility, current interest rates, estimate of closing costs and amortization schedules. Most importantly, ARLO™ offers expert program recommendations within the guided tutorial.

Start by entering your home address and age, ARLO™ will guide you through the rest!

How Reverse Mortgages are Calculated

The amount of funds available from the reverse mortgage are based on several factors which include the age of the youngest borrower or spouse, current interest rates, and your home's property value. Interest rates will have a direct effect on your available proceeds; the lower the rate, the more available funds you will receive.

User Tips:

  • Don’t forget to include your spouse’s date of birth, even if they are not yet 62 as proceeds are always based on the age of the youngest spouse due to actuarial tables (life expectancy).
  • When you close a reverse mortgage within 6 months of your next birthday, your calculations automatically move you into the next year’s principal limit factor.
  • If you have a HELOC (Home Equity Line of Credit), be sure to include this balance as part of the total mortgage payoff.

What's Included in Your Quote

Results will display ALL programs for which you are eligible including real-time interest rates and custom amortization schedules. Using our loan estimator (ARLO™) will make your life easier by highlighting each program along with personalized program recommendations.
Included in your quote results:

  • Side-by-side Loan Comparisons
  • Real-Time Interest Rates & APR
  • Estimate of Initial Setup Costs
  • Total Annual Loan Costs / Amortization Schedules
  • Personalized Program Recommendations

Payment Plans & Interest Rate Options

  • HECM Annual Adjustable (Federally-Insured Home Equity Conversion Mortgage)
    Payment options: Single lump sum disbursement, line of credit, monthly payments
    Interest Rate: 12 Month Libor Adjustable with a periodical change of up to 2% and lifetime cap rate of 5% over the start rate
  • HECM Fixed Rate (Federally-Insured Home Equity Conversion Mortgage)
    Payment options: Single lump sum disbursement 
    Interest Rate: Fixed Rate
  • Jumbo Proprietary (Jumbo reverse mortgages work best for home values that exceed the 2019 lending limit of $726,525)
    Payment options: Single lump sum disbursement or Line of Credit on Jumbo Select plan
    Interest Rate: Fixed Rate or 3 Month Libor Adjustable Rate

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Disclaimer: ARLO™ reverse mortgage estimator and all content included in calculations are for borrower convenience. Quotes shown are loan estimates, and terms produced may not be presently available credit terms. Interest rates (fixed rate and adjustable rate, LIBOR index) and amortization, mortgage insurance premiums (MIP), origination fees, lender margins, payment options and closing costs may vary. Borrowers with reverse mortgages must continue to pay all property charges such as property taxes, hazard insurance and HOA dues (if any).