About this free HECM reverse mortgage calculator
This free HECM calculator gives homeowners 62 and older a fast, completely private way to estimate their reverse mortgage proceeds — no personal information, no Social Security number, no credit check, and no obligation. Whether you're searching for a reverse mortgage payment calculator, a reverse home mortgage calculator, or specifically a reverse mortgage calculator with no personal info, this tool uses the same HUD-approved principal limit factor methodology that lenders use.
What is a HECM?
A Home Equity Conversion Mortgage (HECM) is the FHA-insured reverse mortgage program administered by HUD. It allows eligible homeowners 62 and older to convert a portion of their home equity into loan proceeds — with no required monthly mortgage payment as long as they live in the home, maintain it, and pay property taxes and insurance.
Frequently asked questions
How does this reverse mortgage calculator work?
This calculator uses HUD's official Principal Limit Factor (PLF) table to estimate your gross proceeds based on your age and expected interest rate. It then deducts estimated closing costs — upfront MIP (2%), origination fee, and third-party costs — plus any existing mortgage balance, to show your net available funds.
Why is no personal information required?
HECM estimates only require three data points: home value, borrower age, and interest rate. No Social Security number, date of birth, address, or credit history is needed for an estimate. This calculator collects nothing and stores nothing.
What is the 2026 HECM lending limit?
The 2026 HECM Maximum Claim Amount (MCA) is $1,249,125. Homes valued above this amount are still eligible — the calculation simply caps at this limit. High-value homeowners may also want to explore proprietary (jumbo) reverse mortgage options.
What's the difference between a lump sum, line of credit, and tenure payment?
A lump sum gives you all available proceeds at closing (fixed rate only). A line of credit lets you draw funds as needed — and importantly, unused amounts grow over time at the loan's interest rate. Tenure payments provide equal monthly payments for as long as you live in the home. Many borrowers combine options.
How accurate is this calculator?
Very close for planning purposes. The calculator uses official HUD PLF tables and the current MCA. Closing costs are estimated using FHA guidelines — actual third-party costs (title, appraisal) vary by state and county. Treat the result as an informed ballpark: solid enough to evaluate whether a reverse mortgage makes sense for your situation.
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