Reverse Mortgage Amortization Calculator | Loan Balance Growth
Calculate your reverse mortgage amortization schedule. Our free calculator shows how your loan balance grows over time as interest and mortgage insurance are added to the principal.
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 Amortization Calculator
A reverse mortgage is a "negative amortization" loan, meaning your loan balance grows over time as interest and mortgage insurance are added to the principal. Our reverse mortgage amortization calculator is designed to help you understand how your loan balance will grow over the life of the loan.
How Reverse Mortgage Amortization Works
When you take out a reverse mortgage, you don't make monthly payments. Instead, the interest and mortgage insurance are added to your loan balance each month. A reverse mortgage amortization calculator can show you how this balance grows over 10, 20, or 30 years, and how much equity you'll have left in your home.
Visualizing Your Loan Balance vs. Home Equity
Using a reverse mortgage amortization calculator can help you visualize the trade-off between accessing your home equity now and leaving equity for your heirs. It's important to remember that a reverse mortgage is a non-recourse loan, meaning you'll never owe more than the home is worth when it's sold.