Reverse Mortgage Calculator
Estimate how much you can borrow with a reverse mortgage (HECM).. Free reverse mortgage calculator with instant results.
CL
CalcLeap Editorial Team
Reviewed by certified professionals · Last updated April 1, 2026
About Reverse Mortgage
Use this reverse mortgage calculator to make informed financial decisions. All calculations are estimates based on the information provided.
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📐 How We Calculate This
We use the standard amortization formula: M = P[r(1+r)^n] / [(1+r)^n – 1], where P is the principal, r is the monthly interest rate, and n is the total number of payments. Property taxes and insurance are estimated based on national and state-level averages from the U.S. Census Bureau.
Interest rates shown reflect current market ranges from Freddie Mac's Primary Mortgage Market Survey. Actual rates depend on credit score, down payment, loan type, and lender.