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Reverse Mortgage Calculator

Estimate reverse mortgage proceeds after mortgage payoff, closing costs, and principal limit assumptions.

Last reviewed: July 8, 2026
Cost: Free to use
Data: Runs in your browser

Home Value

Mortgage Balance

Principal Limit (%)

Closing Costs and Fees

Gross Principal Limit

Enter valid inputs

Payoff and Fees

Enter valid inputs

Estimated Available Proceeds

Enter valid inputs

Equity Not Borrowed

Enter valid inputs

Methodology

How this calculator handles inputs

This calculator uses the values you enter above and applies the formula explained in the guide below. Results update in the browser and are intended for quick planning, comparison, and sanity-checking.

Use consistent periods, currencies, and units across inputs.
Review any assumptions before using the result in a decision.
Recalculate when rates, prices, tax rules, or business terms change.

Important note

This tool provides general planning information only. It is not tax, legal, financial, accounting, or investment advice. Check the current rules for your location and speak with a qualified professional before making a high-stakes decision.

Guide

How it works

Use this calculator to estimate reverse mortgage proceeds.

What this calculator does

The reverse mortgage calculator estimates gross principal limit, payoff and fees, available proceeds, and equity not borrowed.

Reverse Mortgage Formula

Available Proceeds = Home Value x Principal Limit - Mortgage Balance - Fees

Example calculation

If a home is worth 600,000 and the principal limit is 45%, the calculator estimates available proceeds after paying off any existing mortgage and fees.