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  1. Home
  2. Reverse Mortgages
  3. Reverse Mortgage Calculator

Reverse Mortgage Calculator

Use Crestico’s reverse mortgage calculator to get an estimate of how much you may be able to access from your home equity. Your potential proceeds can depend on factors such as your home value, existing mortgage balance, borrower information, property type, and selected loan terms.

Use the calculator to explore your potential options, then speak with a Crestico mortgage professional for a personalized assessment.

Get a Free Consultation
Reverse mortgage calculator for estimating home equity proceeds

What Is a Reverse Mortgage Calculator?

A reverse mortgage calculator is an online tool that helps homeowners estimate their potential reverse mortgage proceeds based on information about the borrower, property, and existing mortgage.

It can help you understand how much equity may be available and explore potential ways to receive funds from your home.

A calculator provides an estimate only. Your actual loan amount, available proceeds, costs, and eligibility depend on your individual financial situation and the specific reverse mortgage program.

What Can a Reverse Mortgage Calculator Help You Estimate?

A reverse mortgage calculator can help you estimate:

  • Potential reverse mortgage proceeds
  • Available home equity
  • Potential loan amounts
  • Existing mortgage payoff considerations
  • Potential payment options
  • How your home equity may be used

The calculator is designed to give you a starting point before discussing your situation with a mortgage professional.

Step 1

Check Eligibility

Step 2

Payment Option

Step 3

Get Approved

Step 4

Close the Loan

Step 5

Repayment & Loan Terms

What Information Do You Need for a Reverse Mortgage Estimate?

To receive a more useful estimate, you may need information such as:
D

Estimated home value

D

Borrower information

D

Current mortgage balance

D

Existing liens or obligations

D

Property type

D

Desired use of the funds

What Affects Your Reverse Mortgage Estimate?

Several factors can affect the amount you may be eligible to receive.

These can include your age, home value, existing mortgage balance, property type, available equity, loan terms, and applicable program requirements.

Because every homeowner’s situation is different, an online reverse mortgage calculator should be viewed as an estimate rather than a final loan offer.

Who Can Use a Reverse Mortgage Calculator?

A reverse mortgage calculator can be useful for homeowners who are exploring ways to access home equity without selling their home.

It may be helpful if you are considering using home equity for retirement expenses, ongoing financial needs, debt management, home improvements, or other personal financial goals.

Eligibility for a reverse mortgage depends on the specific program and your individual circumstances.

Get Your Reverse Mortgage Estimate

Use the calculator to explore your potential options and get a better understanding of your available home equity.

For a more personalized assessment, connect with Crestico to discuss your property, financial goals, existing mortgage, and potential reverse mortgage options.

Schedule Your Free Reverse Mortgage Consultation

Frequently Asked Questions

How accurate is a reverse mortgage calculator?

A reverse mortgage calculator provides an estimate based on the information entered. Your actual proceeds and loan terms may differ after your individual situation is reviewed.

How much can I receive from a reverse mortgage?

The amount you may receive depends on factors such as your home value, borrower information, existing mortgage balance, property type, and applicable loan requirements.

Can I use a reverse mortgage calculator if I have an existing mortgage?

Yes. An existing mortgage can be included when estimating your potential reverse mortgage options. Your current mortgage balance can affect the amount of equity available.

Does using a reverse mortgage calculator mean I am approved?

No. The calculator provides an estimate and does not represent loan approval or a final loan offer.

What should I do after using a reverse mortgage calculator?

After reviewing your estimate, speak with a qualified mortgage professional who can evaluate your situation, explain your available options, and help you determine the appropriate next steps.

Turn Your Home Equity into Lasting Financial Freedom

Schedule Your Free Reverse Mortgage Consultation
Henry D.
Marisol was extremely helpful and successful in resolving the problems associated with my loan. We are very happy with our new loan.
Maria C.
They were always available to answer my questions and made the entire process simple and straightforward. I got a great rate and the support I needed to close on time. I wouldn't hesitate to use them again or recommend them to family and friends!
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I couldn't have had a more amazing experience with our realtor - Diane Phillips. Diane is extremely knowledgeable and personable. She got to know me and my...
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Houtan and Marisol are a great team. They helped my dad with his refinance and made the process seamless. They answered every question we had and came up with solutions if we ran into any issues. Thanks again!
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I had an amazing experience.I received all the information, support and they were very Knowledgeable of the information that I needed.
George H.
Excellent Mortgage Broker – Highly Recommended! I had an amazing experience working with Houtan and his team at Crestico. From start to finish, not only Houtan himself but his entire team made the mortgage process smooth, stress-free, and efficient. Their knowledge and expertise were evident at every step, ensuring I got the best possible loan terms. Communication was outstanding; Houtan was always available to answer my questions, explain complex details in a way that made sense, and guide me through the entire process with confidence. They were proactive, transparent, and truly had my best interests in mind. If you’re looking for a mortgage broker who is professional, reliable, and dedicated to helping you secure the best financing, I highly recommend Houtan and his team. I couldn’t have asked for a better experience!
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive, personable, and knowledgeable. He is incredibly reliable and would answer calls or emails within minutes when I had questions. I can't recommend Houtan enough for buying a house. We had been working directly with a large bank on a loan, and all seemed fine until we had an accepted offer, then we started having issue after issue where there was just no sense of urgency. We almost had to walk away from our house, but Houtan and his team were referred to us in mid escrow, helped us explore multiple options in parallel, and close on time. Houtan was very responsive and on top of everything, presented our options very clearly, patient with all our questions, and really understands the Los Angeles housing market.
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Nat Z.
Houtan is a top notch professional. He helped me with my pre-approval and walked me through every step of the loan process. He was extremely responsive,...
Niloofar S.
As a first time home buyer, taking out a jumbo loan could’ve been quite scary. But Houtan and his team made it a pleasant experience. An amazing team who are always one step ahead of the process.
Mohammad S.
Easy to work with ! Professional people and honest!
Jack M.
Worked with Houtan. He got our loan closed super fast and got us a rate that was lower than what our bank offered us. I'm very happy with Crestico and i recommend them to anyone.
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Finally a real professional with a heart! Working with Houton makes me feel like having a friend who is on my side, rather than a businessman who is always looking out for #1. He is extremely helpful, knowledgeable, and responsive. He was always happy to explain and strategize with me whenever I needed help. Unlike most realtors and lenders out there who don't want to use their brains and only do easy and mindless paperwork, Houtan has great analytical and investment insights to share with his clients. I wholeheartedly recommend him to anyone who values the rare combo of both thoughtfulness and top-notch expertise.
Ramtin S.
Thank you Houtan and the entire team for going above and beyond every single time. From the onset, you guys gather whatever is necessary to get the job done as quickly and efficiently as possible, always keeping constant communication. My rate and fees are disclosed and never change at the time of signing.
Shayan M.
These guys were a godsend when searching for a home loan. I was first time home buyer and they helped out with the entire process. Everything from the customer service to making sure I was informed for every step of the process was handled exceptionally. I am absolutely ebullient with Houtan and his entire team have given me, and helping me transcend into the status of homeowner.
Pouyan B.
I have been working with Houtan for over 10 years. He and his office have always been great to work with. Excellent communication and great work ethic. I will definitely be back for my other mortgage needs in the near future.
Michael R.
Thank you Houtan and team for helping me secure my home loan! Great communication, customer service and rate! Look no further, call Crestico for all of your home loan needs.
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I want to express my gratitude to Houtan and his team. Houtan is extremely knowledgeable and really takes the time to answer any questions that you have. He wants the best for his clients and I would recommend him to anyone.
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I want to take a moment to express my gratitude for Houtan Hormozian and the exceptional service he provided in helping me secure a loan. From our very first conversation, he was attentive, understanding, and incredibly knowledgeable about the lending process. He took the time to explain all the details, answered all my questions patiently, and worked tirelessly to find the best options tailored to my needs. His professionalism and dedication made what could have been a stressful experience into one that was smooth and straightforward. Thanks to Houtan Hormozian, I was able to secure the financing I needed, and I couldn't be happier with the outcome. I highly recommend him to anyone in need of lending services. His commitment to his clients is truly commendable!
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