Reverse Mortgage Calculator
Estimate how much of your home equity you could access with a reverse mortgage (HECM). Free, no personal information required — for Washington homeowners aged 62 and older.
Get a rough idea of how much equity you could access — no personal information required. For exact figures based on current rates, request a personalized estimate below.
At least one borrower must be 62 or older. Older borrowers can typically access more.
A reverse mortgage must first pay off any existing mortgage. Enter 0 if your home is paid off.
Estimated funds available to you
$225,000 – $265,000
Based on an estimated principal limit of about $345,000, less your remaining mortgage balance.
American Financial Network, Inc. is providing the calculator tools above as a courtesy and results are estimates only. Please consult with a licensed American Financial Network, Inc. Loan Originator for more specific information and to discuss your individual needs and circumstances. Standard disclaimers apply.
Your scenario
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How the Reverse Mortgage Estimate Works
The amount you can borrow with a Home Equity Conversion Mortgage (HECM) depends on three things: the age of the youngest borrower, the value of your home, and current interest rates. The older you are and the more equity you have, the larger the percentage of your home's value you can typically access. Because a reverse mortgage must first pay off any existing mortgage, your remaining balance is subtracted from the available funds.
This calculator uses conservative, rule-of-thumb figures to give you a ballpark range. Your actual numbers depend on the official HUD principal limit factors in effect when you apply, your home's appraised value, and the specific program you choose. For an exact, personalized estimate, request a free consultation — there is no obligation.
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