Using this Calculator
Great news! Our reverse mortgage calculator is the only one of its kind to offer you real-time results. It will instantly generate a formal analysis that includes loan comparisons of your options, closing costs and an amortization schedule.
Results will display ALL the programs for which you are eligible, including variable rates, fixed rates and amortization schedules. Using our loan calculator (ARLO™) will make your life easier by highlighting each program and along with his personal recommendations.
Things to Note
This calculator offers accurate to-the-penny programs; you can even move straight to application!
Interest rates have a direct effect on your available proceeds; the lower the rate, the more available funds you will have. 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.
Any time you close a reverse mortgage within 6 months of your next birthday, your calculations automatically give you the results as if you were a year older.
Did you know? After your loan closes, you can change your program type for $20, e.g., move from a credit line to a payment plan or vice versa.
Additional calculators courtesy of All Reverse Mortgage:
- H4P: Reverse for Home Purchase Calculator
- Line of Credit: Growth Rate Calculator
- Download: Excel Amortization Spreadsheet Calculator
Legal Stuff: All Reverse Mortgage Calculator and all content included on this page and on their website are for borrower convenience only. Results shown are loan estimates, and terms produced may not be presently available credit terms. All Reverse Mortgage will endeavor to maintain current information for customer use at all times, but cannot guarantee terms available or that system malfunctions will never occur. To receive an actual proposal or available programs, rates and terms, you must contact our office. 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). Please contact our office to determine eligibility