Reverse Mortgage Excel Calculator | HECM & Jumbo Estimates
Calculate your reverse mortgage proceeds with our online HECM and jumbo loan calculator. Our free tool provides the same accuracy as a reverse mortgage excel calculator.
Input Details
Leave at 0 if your home is paid off.
Must be at least 62 for a standard HECM.
Results
Net Available Cash
$133,500
Principal Limit
$202,500
Equity Distribution Breakdown
Payoff Existing Mortgage
$50,000
10.0% of total value
Estimated Costs
$19,000
3.8% of total value
Net Available to You
$133,500
26.7% of total value
Retained Equity
$297,500
59.5% of total value
Disbursement Options
Lump Sum
Receive your funds as a single upfront payment. Ideal for paying off existing debt or large immediate expenses.
Learn MoreMonthly Payments
Get fixed monthly payments for life (Tenure) or a set period (Term). Great for supplementing monthly retirement income.
Learn MoreLine of Credit
A flexible pool of funds you draw from as needed. The unused portion grows over time, providing a growing safety net.
Learn MoreImportant Note
This is an estimate. Actual HECM payouts depend on the daily CMT or SOFR index, exact age, and current FHA lending limits. You must still pay property taxes and homeowners insurance.
Reverse Mortgage Excel Calculator
Many financial planners and homeowners prefer to use a reverse mortgage excel calculator to model their retirement income. Our online tool provides the same accuracy and flexibility as an Excel-based model, allowing you to run multiple scenarios and see your results instantly.
How to Build a Manual HECM Model
To build a reverse mortgage excel calculator, you'll need to use the HUD Principal Limit Factor (PLF) tables. These tables determine how much equity you can access based on your age and the current interest rate. Our online tool uses these same tables to provide you with accurate HECM and jumbo loan estimates.
Why Use an Online Tool vs. Excel?
While a reverse mortgage excel calculator is powerful, it can be difficult to keep updated with the latest FHA lending limits and interest rate indices. Our online tool is always current, so you can be sure you're getting the most accurate information for your retirement planning.