Reverse Mortgage Calculator

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Working with the Reverse Mortgage Calculator

With our free reverse mortgage loan calculator, no personal contact information is collected. Just respond to the questions above to get an estimate of the total proceeds you may receive from a reverse mortgage.

How do Reverse Mortgage Loan Calculators Work?

Our reverse mortgage loan calculator works by determining your eligibility and the amount you may qualify for based on several factors such as your home value, any existing mortgage balance, and your age.

Additional Calculator details

  • The Loan Estimate is the amount you may be eligible to receive, before fees, based on your home’s value, your age and HUD’s principal limit factor. Senior borrowers must be 62 years of age or older to be approved for an FHA-insured Home Equity Conversion Mortgage (HECM).
  • You may elect to take your reverse mortgage payout in lump sum payments, monthly installments, a line of credit, or a combination of these.
  • HECM loans have a loan limit of $822,375, therefore you may notice that home values above $822,375 do not increase the loan estimate amount shown on our calculator. AAG is one of few lenders to offer advantage reverse mortgage loans, available from $625,000 up to $4 million. An AAG reverse mortgage professional can provide you an individualized consultation based on your particular situation and retirement goals.
  • As a homeowner, the equity in your home should be greater than your remaining mortgage balance. This is because your reverse mortgage funds will be used to pay off your existing mortgage as part of the transaction.

Disclaimer: Tools and advice provided on this page are for borrower convenience, the results of calculations using this calculator are loan estimates, and terms produced by the calculator 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. In order to be eligible to apply for a reverse mortgage, one of the requirements to fulfill is to attend a counseling session with a counseling agency that is approved by the U.S. Department of Housing and Urban Development (HUD). Borrowers must continue to pay taxes, insurance, and home maintenance, as well as comply with loan terms. AAG is a member of the National Reverse Mortgage Lenders Association (NRMLA) and holds NMLS #9392.

Your Calculator Results

Preliminary Results Excluding Loan Costs*

Calculator Results:

$N/A *

*Gross loan proceeds exclusive of loan costs such as fees and origination. A reverse mortgage will pay off any current loan first. You can choose to receive any “cash out” proceeds up front or as a line of credit.

Calculator Results:

Based solely on the information you submitted here, it’s not yet clear whether you meet the eligibility requirements for a reverse mortgage loan, so we cannot calculate a result. However, eligibility often improves with time.

Want to learn more? Get our Free Info Kit and we may also reach out periodically once it appears that your eligibility may have improved.

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Answers to your questions

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The AAG Commitment

We deliver good, old-fashioned service. Your application process begins with a discovery call to better understand your financial goals. We present your various options and payout plans. We prepare a detailed, written quote. And we walk you through each step of the application process.

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Your Free Kit Includes:

Reverse Mortgage Overview

Frequently Asked Questions

Borrower Safeguards

Info for Children & Caregivers

Stories from Actual Borrowers

Video Hosted by Tom Selleck

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By sharing your contact information, you express consent to American Advisors Group or AAG Residential Services to contact you about your inquiry at the phone number and/or email address you provide using a manual or automated system. You are not required to enter into this agreement as a condition for doing any kind of business with AAG, and you can revoke this consent any time. To speak with someone at AAG, please call 1-800-782-1928. Legal Information | Privacy Policy | NMLS Consumer Access | CCPA