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HECM Reverse Mortgage Calculator
Understand the HECM reverse mortgage — numbers first.
About this calculator
The HECM (Home Equity Conversion Mortgage) is widely misunderstood, often dismissed before its real benefits are evaluated. Our reverse mortgage calculator provides a fact-based view of available proceeds, line-of-credit options, and how the loan balance evolves over time — giving advisors and clients the foundation for an honest conversation.
What it shows you
- Maximum available proceeds based on age and home value
- Lump sum, monthly payment, and line of credit options
- Loan balance growth over time
- Line-of-credit growth rate projection
- Non-recourse protection and estate implications
What you'll enter
- Age of the youngest borrower
- Estimated home value
- Interest rate
- Current mortgage balance
- How you want the money: a lump sum, monthly income, or a line of credit, with the draw amount where it applies
When to use it
- A homeowner 62 or older wants a first estimate of reverse-mortgage proceeds
- Comparing a lump sum, monthly payments, and a line of credit
Why it matters
Research from academic institutions consistently shows that a strategic HECM can improve retirement income sustainability — yet most retirees never consider it because they lack clear numbers. This calculator bridges that gap.