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Your detailed reverse mortgage estimate

Choose your program type, adjust the sliders, and see a full cost breakdown — including closing costs. No SSN, no credit check, no commitment.

What would you like to estimate?

You own your home and want to access the equity you have built — without selling and without monthly mortgage payments of principal and interest.

Your details

Age of youngest borrower68

Determines how much equity you can access

Age 62+: all program types available including government-insured.

Estimated home value$650,000

Your best estimate — a formal appraisal confirms the final number

Current mortgage balance$120,000

Enter $0 if you own your home free and clear

Your estimate

Estimated equity available to you

$72,555 – $81,555

Government-insured · Age 68 · 34.3% factor

No monthly payments requiredYou keep your home and title. Federal guarantee: you can never owe more than your home is worth.

Full cost breakdown — government-insured program

Principal limit
34.3% of $650,000 at age 68
$222,950
Existing loans paid at closing
$120,000 mortgage
− $120,000
FHA upfront mortgage insurance
2.00% of $650,000
− $13,000
Origination fee
Federal formula — capped at $6,000 by law
− $6,000
Appraisal, title, settlement and misc.
Third-party fees — varies by state and home value
− $3,395
Ongoing annual mortgage insurance
0.50% of outstanding balance per year — provides federal protections
Annual
Est. closing costs$21,395 – $30,395
Est. net proceeds to you$72,555 – $81,555
Federal law guarantees you can never owe more than your home is worth — even if the loan balance grows beyond the home's value over time. You keep your home and title throughout the life of the loan.
All figures are estimates based on 2026 program guidelines and national cost averages. Actual amounts depend on your state, current interest rates, lender selection, and home appraisal. Origination fees on private programs are lender-set and confirmed before you make any decision. This tool does not collect or store any information you enter.

Ready to turn this estimate into real numbers? Fill out the form below and Adriel will run your actual scenario at no cost and with no obligation.

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Get Your Free Reverse Mortgage Estimate — No SSN, No Credit Check

Fill out the short form below and Adriel will reach out within one business day. Or skip ahead and grab a time directly on his calendar. Either way — no Social Security number, no credit check, no pressure.

No SSN required · No credit pull · No commitment

Craftsman home — Lower Reverse Mortgage free estimate

This program may be right for you if:

  • I own my home (or have significant equity)
  • I am 55 or older (62+ for FHA-insured programs)
  • I want to stay in my home

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