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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) |
Welcome to the #1 Reverse Mortgage Calculator, trusted by thousands of homeowners! Calculate your reverse mortgage options instantly—no personal details needed. Get accurate, real-time quotes for HECM, Jumbo, and Proprietary reverse mortgage programs, including loan terms, interest rates, APR, and closing costs.
Whether exploring borrowing limits or comparing loan options, our proprietary calculator, powered by ARLO Intelligence (AI), provides precise, reliable information to help you make informed decisions.
Key Features of Our Reverse Mortgage Calculator
Our reverse mortgage calculator stands out with these user-friendly features:
- No Personal Info Required: Start with just a zip code—no sensitive details needed.
- Real-Time Quotes: Get current rates, APR, and terms instantly.
- Compare Loan Options: See HECM, Jumbo, and Proprietary side by side to pick what’s best for you.
- Simple to Use: A clear, step-by-step process designed for ease.
- ARLO™ AI Power: Our AI reviews your details and suggests the reverse mortgage program most suitable for your needs.
How to Use Our Calculator: Simple Steps
- Enter Your Zip Code: ARLO™ calculates local costs like appraisal and title fees.
- Add Your Address: Get an online home value estimate—or adjust it yourself.
- Input Mortgage Balance: Include any existing mortgage to see what’s paid off.
- Enter Youngest Homeowner’s Age: Loan amounts depend on the youngest borrower’s age (include your spouse if applicable).
Tips for Maximizing Your Reverse Mortgage Estimate
Get the most out of your reverse mortgage estimate with these expert tips:
- Include Your Spouse’s Age: If you’re 62 or older, include the age of any younger spouse, even if they’re not eligible. Their age can impact your loan amount and terms.
- Consider Timing for Higher Loan Amounts: Closing your reverse mortgage within six months of your next birthday could increase your loan amount, as lenders adjust principal limits based on age.
- Include All Mortgage Balances: Include all existing mortgage balances for the most accurate borrowing estimate. This ensures you know how much is available after paying off any obligations.
Preview of Calculator Results with ARLO Intelligence (AI)
ARLO Intelligence (AI) uses advanced AI to help you navigate the reverse mortgage calculator and identify the best option for your unique needs. Based on your input, ARLO will analyze and recommend the most suitable product option for you.
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 personalized loan options. Using AI-driven insights, it tailors recommendations to maximize your benefits.
How much can I borrow with a reverse mortgage?
Your loan amount depends on your age, home value, and current interest rates. The HUD Principal Limit Factors (PLF) table determines the maximum you can receive.
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 annually based on your loan’s current interest rate + mortgage insurance premium (MIP). This means your available funds increase over time.
How is the lump sum payment calculated?
Your lump sum payout is determined by HUD guidelines, considering the loan type, mandatory obligations, and closing costs.
Guide to All Reverse Mortgage Calculators
| Type of Calculator | Purpose | Features | Rates/APR |
|---|---|---|---|
| All Reverse Mortgage Calculator with ARLO Intelligence (AI) | Detailed calculations for monthly payments, lump-sum disbursement, and line of credit options | AI-Powered Insights: ARLO analyzes your inputs to recommend the best loan option for your financial goals. | Yes |
| Free Calculator - No Personal Info | Basic calculations for estimating monthly payments, lump-sum payouts, and available line of credit | Provides a quick reverse mortgage estimate without requiring personal details | No |
| Line of Credit Calculator | Estimates HECM line of credit and simulates credit line growth rates | Projects available credit line growth over time based on your reverse mortgage | No |
| Refinance Calculator | Analyzes refinancing from one HECM to another | Evaluates if refinancing is beneficial, based on your home’s current value, interest rates, and the 5x benefit rule | No |
| Purchase Calculator | Calculates how to buy a new home with a reverse mortgage (HECM for Purchase) | Estimates the funds needed, including down payment and net income from selling your current home | Yes |
| Amortization Calculator | Simulates loan balance and equity over time | Tracks loan balance, accrued interest, and home equity with a downloadable Excel file for personalized use | Yes |
Need help? Our expert team is available at (800) 565-1722 to guide you through the process and answer any questions.
Try Our Reverse Mortgage Calculator with ARLO Intelligence Today!
Ready to explore your reverse mortgage options? Use our free, no-obligation reverse mortgage calculator, powered by ARLO Intelligence (AI), to get real-time quotes and accurate estimates. No personal information is required—enter a few basic details to get started.
Get Your Free Reverse Mortgage Estimate Now—No Personal Info Needed!
