# Reverse mortgage loan calculators

In the past decades, it was believed that a reverse mortgage loan is a reverse mortgage loan no matter whichever is chosen. But this theory is not workable anymore because of the many mortgage loan products available in the market. So, before choosing a mortgage loan, it is very important to decide which one is right for you. Finding the right mortgage loan means balancing your mortgage options with your housing requirements and financial picture, now and in the future. You will need to ensure that you have the right product by using this Reverse mortgage loan calculator. Also, the right mortgage is not just having the lowest interest rate but much more than that. How this will be determined depends on your personal situation.

The length of mortgage loan can be minimum 15 years; can be 20, or at maximum 30 years. While selecting a fixed or adjustable interest rate, you should be aware of the facts that the adjustable interest rate mortgage is more risky because the interest rate will change, while a fixed-rate loan offers more stability because of the locked-in rate. In the light of this, it is clear that the key to select the right mortgage loan for your needs should fit comfortably into your entire financial picture, that is having payments within your budget and comfortable level of risk connected to it.

## 45 replies on “Reverse mortgage loan calculators”

1. Motordom says:

I used the calculator from the HUD FHA or something: http://rmc.ibisreverse.com/default_nrmla.aspx
The inputs are:
ZIP: 02452
Born: 04/11/1950
No wife
Home worth: 500,000
Mortgage and liens: 100,000
Monthly payments: 10,000
Other upfront: 0
Estimate any necessary: 0
Your desired line of credit: 50,000
Click calculate or something and it will take you to the next page. Please just look at the 1st column.
So lender margin is an assumption right?
How did initial total loan rate got bumped from 3.989% to 4.063%??
Where did the Lifetime cap on loan rate of 12.739% come from?
Where did The HECM Expected Rate of 4.580% come from?
Where did the Loan principal limit of \$309,500 come from?
Where did the Monthly Advance come of \$781 come from?
Thank you very much!!!!!

2. mavis24 says:

I have looked everywhere I could thin k of on the internet to find a calculator to approximate the payback costs of a reverse mortgage when the loan is due. I can not find anything that can help me.

Does anyone know how to figure this cost out? Assuming the loan would be called due in 15 years.

APR 2.37%
Value of home \$616,000.00
Total money borrowed at closing \$245,000
NO OTHER ADVANCES FROM THE AVAILABLE CREDIT.

3. Coffee t says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

4. Matthew says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

5. musicistabest says:

currently in bankruptcy at age 76 but want to do a reverse mortgage loan, what are my options and how does it affect my family after my death?

6. Marlon P says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

7. Matt says:

My 83 year old father needs repairs on his home which is paid for. He is on a fixed income and is considering a reverse mortgage. There is no one else living with him and he doesn’t plan to move.

8. uberfailz says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

9. Lia-lu-li says:

I get a lot of offers in the mail since I looked into it.

10. Andre says:

The house is completely paid for. He’s unable to work and is not yet receiving social sercurity, although the application is being processed. The mortgage companies will finance a reverse mortgage when the applicant reaches 62. Chronologically he is 55, physically the doctors have put him closer to 70 due to his many, many health and mental conditions.

11. zaclo says:

My 83 year old father needs repairs on his home which is paid for. He is on a fixed income and is considering a reverse mortgage. There is no one else living with him and he doesn’t plan to move.

12. RichT says:

My 83 year old father needs repairs on his home which is paid for. He is on a fixed income and is considering a reverse mortgage. There is no one else living with him and he doesn’t plan to move.

13. Jonathan says:

My neighbor told me about these reverse mortgage loans and I wanted to ask here if this a safe way to get some cash out of my home. I live in Ft. Lauderdale, Fl. and am retired 6 years now.

14. Armas says:

My grandma received a letter from this company in the mail the other day and it talks about her being pre-approved for a lump sum payment, and I really don’t believe them but they even say they are a government insured program.

15. lildevilgurl152004 says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

16. Sriram R says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

17. Lia-lu-li says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

18. Larry R says:

I know i can get the loan for the amount but I’ve been reading about purchasing a house you need a down payment – does this apply on reverse mortgage payments?

19. Jack Bauer says:

I got an offer to work there and I would like to know the entry base pay, the commission pay scale, and also the average loan contracts an typical officer gets a month. Long shot I know.

20. whites are not the only racists says:

I know i can get the loan for the amount but I’ve been reading about purchasing a house you need a down payment – does this apply on reverse mortgage payments?

21. mike s says:

I know i can get the loan for the amount but I’ve been reading about purchasing a house you need a down payment – does this apply on reverse mortgage payments?

22. dubmecrazy3 says:

My Mother had a reverse mortgage loan for about nine years. At the start of the loan ,an annuity premium of \$3735.00 was added to the to the loan. This was to pay her if she lived 14 years into the loan.,but she did not . Should that amount be deducted from the total amount of her loan?

23. nmlpc says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

24. simply complicated says:

I know i can get the loan for the amount but I’ve been reading about purchasing a house you need a down payment – does this apply on reverse mortgage payments?

25. soccermaster1 says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

26. Zack Faria says:

My 83 year old father needs repairs on his home which is paid for. He is on a fixed income and is considering a reverse mortgage. There is no one else living with him and he doesn’t plan to move.

27. Sir fliesalot says:

I know i can get the loan for the amount but I’ve been reading about purchasing a house you need a down payment – does this apply on reverse mortgage payments?

28. Lia-lu-li says:

borrower has passed away, and the single (unrelated) heir of property cannot obtain sufficient funds short of selling said property. and is wonder: does a new morgage start where the remaining equidy stands? and can a loan be aquired to pay off the reverse mortgage loan?

29. Marlon P says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

30. Squall Leonhart says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

31. Hotshot t says:

I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month.

32. ScRSC says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

33. Cpt Excelsior says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

34. ScRSC says:

We own our house, & my dad wants to get one. I really don’t want him to mess with the equity of our house. Please, can some one tell me how I can prevent this? I am looking for all the “Worse information I could find” to give him, or put it this way, I am trying to give him a list of really good reasons why he shouldnt’ get one. Thank you all very much!

35. nyyankees1123 says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

36. BRUTE says:

The house is completely paid for. He’s unable to work and is not yet receiving social sercurity, although the application is being processed. The mortgage companies will finance a reverse mortgage when the applicant reaches 62. Chronologically he is 55, physically the doctors have put him closer to 70 due to his many, many health and mental conditions.

37. Jack Bauer says:

My 83 year old father needs repairs on his home which is paid for. He is on a fixed income and is considering a reverse mortgage. There is no one else living with him and he doesn’t plan to move.

38. evangldbrg says:

How it help the senior citizen? how to safe guard the property before selling it by the Bank?

39. Bryan J says:

The house is completely paid for. He’s unable to work and is not yet receiving social sercurity, although the application is being processed. The mortgage companies will finance a reverse mortgage when the applicant reaches 62. Chronologically he is 55, physically the doctors have put him closer to 70 due to his many, many health and mental conditions.

40. Jairo says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

41. alberto s says:

I pay-for-click with yahoo, as if that is not enough, yahoo is using my domain search to advertise its websites, and aloud others to do so as well.

Proof of keyword search, “aapexmrtg” and result is listed bellow.

Yahoo! Answers – what is a REVERSE MORTGAGE and how does it work?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006060124154 – 32k – Cached – More from this site – Save

Find Today’s Rates on Mortgages, Refinance Loans, Home Equity Loans, and Mortgage Calculators on Yahoo! Real Estate
… No money down and 100% financing for first and second homes. http://www.aapexmrtg.com. Mortgage Loans Information Center …realestate.yahoo.com/loans/?sc=va&full=Virginia – 28k – Cached – More from this site – Save

Yahoo! Answers – is rajarhat in calcutta a good place to invest in property ?
… Aapex Mortgage – No money down… http://www.aapexmrtg.com …answers.yahoo.com/question/?qid=1006050601108 – 28k – Cached – More from this site –

42. Stevalicious says:

What is really different between finance and accounting?

Finance: is money management, including investment.

Accounting: make records for the profit and liability.

Is that right?

43. Praveen says:

I want to buy a used car. Is it better to try to secure financing from a bank before going to any dealerships? Or, are the dealerships more willing to haggle if I finance thru them?

44. Caltel T says:

The buyer for our home just backed out and we have to close next Friday on the house we had made an offer on. We don’t have enough cash on hand without our equity in this house to make the down payment. Is there anyway we can get a loan to make the down payment so we can move ahead with the purchase. I would rather not get a bridge or finance 100%.

45. Goe122 says:

Any ideas? I make good money, nearly 3-4 thousand dollars a month. But I’m self employed and have collections because of past medicals. Does Ford Motor finance people like me? I talk to dealers here and they try to take 3-4 thousand down to switch me to a 2002 escort.