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Reverse Mortgage Calculator by Allrmc.com
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About our Calculator

Each week we update our online calculator to reflect current interest rates and programs offered at All Reverse Mortgage®. You can request a formal analysis including written loan comparisons, closing costs and amortization schedules by completing step 4 or call us while you're using this calculator Toll Free (800) 565-1722

Step 1

Input your date of birth, property zip code, estimated home value and existing mortgages (if applicable)

Unsure of Home Value? Not to worry. When you request a formal analysis our team will also include a free property report including recent sales in your area.

Did You Know? Anytime you close a reverse mortgage within 6 months from your next birthday you will automatically be calculated a year older.

Step 2-3

Compare and select the program that best suits your needs.

Did You Know? On the adjustable plans you can change the terms of your reverse mortgage after closing for a time fee of $20. i.e. Move from a credit line to payment plan or vice versa.

Unsure of Program? Not to worry. Our expert team will provide straightforward comparisons of all your options. We look forward to helping you decide which HECM program may be most suitable for your immediate or long term needs.

Step 4

Request formal analysis by email or apply instantly.

Did You Know? Once you request an application we lock in your expected rate which guarantees you access to the current principle limit even if rates should rise.

(Please Remember, the expected rate is not the interest accurual rate. See our article here for a complete explanation of how the expected rate affects your HECM loan)

 

 

Additional Calculators courtesy of ALLRMC.COM

Buying a New Home? - Try the Purchase Calculator | Like crunching numbers? - Free Excel Download

 


Webmasters: Enchant your website with a free version of this calculator. (.zip download & installation instructions)

Legal stuff: Reverse mortgage calculator results are for illustration purposes only and not an offer to lend. Rates and programs are subject to change without notice.