Reverse Mortgage Calculator
Side-by-side product comparisons, detailed fee breakdowns, and personalized results.
These estimates are for educational purposes only and do not constitute a loan offer, commitment, or guarantee. Actual terms, rates, and availability depend on appraisal, credit history, property type, and current market conditions. Total Annual Loan Cost (TALC) disclosures will be provided during the formal application process. Contact us for a personalized quote.
Estimate your reverse mortgage proceeds
How HECM for Purchase Works
Unlike a traditional mortgage, a HECM for Purchase lets buyers 62+ purchase a new primary residence with a larger down payment and no monthly mortgage payments. You combine your down payment with loan proceeds to buy the home — then live there without making monthly principal or interest payments. You only pay property taxes, insurance, and maintenance.
Traditional Mortgage
Monthly P&I payments for 15–30 years
HECM for Purchase
No monthly mortgage payments — ever
What's the purchase price?
Enter the price of the home you plan to buy.
Step 1 of 3 • Estimates only — for educational purposes.
Purchase Breakdown
Product Comparison
Down Payment
$397,081
Expected Rate
6.63%
Down Payment
$425,206
Expected Rate
7.75%
Down Payment
$426,646
Expected Rate
7.81%
These estimates are for educational purposes only and do not constitute a loan offer, commitment, or guarantee. Actual terms, rates, and availability depend on appraisal, credit history, property type, and current market conditions. Total Annual Loan Cost (TALC) disclosures will be provided during the formal application process. Contact us for a personalized quote.