Basic Reverse Mortgage Qualification Calculator
Our Reverse Mortgage Calculator helps homeowners 55+ and older estimate how much of their home equity they may access through a reverse mortgage. Simply enter your age, home value, existing mortgage balance, and loan type to view your estimated principal limit, loan-to-value ratio, and cash-out availability. These estimates are based on FHA’s Home Equity Conversion Mortgage (HECM) program guidelines and the 2025 National Lending Limit. Actual proceeds will depend on your property type, interest rate tier, credit score and financial assessment. This calculator is for educational purposes only and should not replace professional financial advice. For a personalized assessment, consider speaking with a Reverse Mortgage Advisor or HUD-approved counselor to understand your full options and eligibility.
❓ FAQ Section
How accurate is this reverse mortgage calculator?
The calculator provides an educational estimate based on FHA HECM and Proprietary Jumbo lending limits. Actual eligibility and proceeds vary by credit score, interest rate, property type, and financial assessment.
Do I need to pay anything to use this calculator?
No, it’s completely free to use. You can explore different scenarios without providing personal or financial information.
What does “Principal Limit” mean?
The Principal Limit is the total amount you may be eligible to borrow, determined by your age, home value, and current interest rates.
Are reverse mortgage proceeds taxable?
No, reverse mortgage proceeds are typically considered loan advances, not income, and are therefore not taxable. Consult a tax advisor for details.
How do I get a personalized reverse mortgage quote?
After reviewing your estimate, you can request a free, no-obligation consultation with a licensed Reverse Mortgage Advisor to receive a detailed analysis.
Disclaimer: For Educational Purposes Only
The information, tools, and calculators available on The Retirement Dilemma website are provided exclusively for educational and informational purposes. Their goal is to help you understand how a reverse mortgage may fit within your overall retirement strategy. This material should not be considered financial, legal, or tax advice.
All content is developed and reviewed by reverse mortgage professionals with decades of combined experience in mortgage lending, underwriting, and real estate. However, every financial situation is unique. We strongly encourage you to consult with a qualified financial advisor, tax professional, attorney, Reverse Mortgage Advisor, or a HUD-approved housing counselor before making any financial decisions related to reverse mortgages.
To maintain accuracy and reliability, our educational content references well-established and nationally recognized sources, including HUD, CFPB, AARP, and other trusted organizations specializing in retirement and housing.
Our mission is to provide unbiased, transparent, and practical education—empowering you to make informed, confident decisions about your financial future.
