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Reverse Mortgage Calculator

Reverse Mortgage Calculator

You may qualify for up to:

* minus processing costs

The value of your home as determined by a professional real estate appraiser

The amount of money you still owe on your mortgage. This amount will be paid off using the proceeds from your reverse mortgage.

The maximum amount eligible for the program up to the FHA limit of

Age of the youngest borrower or eligible non-borrowing spouse

%
%




%

Required Upfront Costs

A fee to compensate the lender for processing your HECM loan. HECM origination fees are capped at $6,000

Upfront FHA mortgage insurance of 2% collected by the government to guarantee that you will receive expected loan advances

Ready to Get Started?

Reverse Mortgage Calculator

Use the reverse mortgage calculator to help determine the balance of a reverse mortgage. This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.

Jet Direct Mortgage
111 West Main Street
Bay Shore, NY 11704

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Start the Home Loan Process Today With Jet Direct Mobile

We’re committed to making the home loan application process as easy as possible. To that end, we have developed our very own mobile app, Jet Direct Mobile.

Apply Today!