Free Quote Calculator

Our free reverse mortgage calculator offers you an instant online estimate with a full, in-depth analysis via phone or email.

Reverse Mortgage Calculator

CONSULT WITH A SPECIALIST NOW: 855-523-4326

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Why do we need this information?

Estimated home value: The amount of proceeds you receive is based on the appraised current value of your home.

To consult with a specialist now, call us toll free at 855-523-4326

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Why do we need this information?

Your age: To qualify for a reverse mortgage, you must be at least 62 years of age.

To consult with a specialist now, call us toll free at 855-523-4326

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Why do we need this information?

Existing mortgage balance: If you are still paying off a traditional mortgage, part of the reverse mortgage loan must first be used to pay off any existing mortgage. Then any remaining cash can be used for other wants or needs.

To consult with a specialist now, call us toll free at 855-523-4326

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Why do we need this information?

Age of younger spouse on the title: The amount of equity you can access with a reverse mortgage is determined by the age of the youngest borrower.

To consult with a specialist now, call us toll free at 855-523-4326

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Step 1 of 2

Reverse Mortgage Calculator

CONSULT WITH A SPECIALIST NOW: 855-523-4326

We just need a little more information

in order to prepare your in-depth analysis, including the different program options, loan costs and any discounts or credits you may qualify for. You'll be able to view your online estimate after this step.

To consult with a specialist now, call us toll free at 855-523-4326

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Based on the home value, you may be eligible for either the Traditional FHA HECM or the Longbridge Platinum Reverse Mortgage.

CONSULT WITH A SPECIALIST NOW: 855-523-4326

Your Estimate Details

Mortgage Payoff: $

This can free up monthly cash flow.

Total Available Proceeds: $ *

($ funds available at closing with the $ remaining available after 12 months). These tax free proceeds can be used for any purpose. Loan costs are not included.

Mortgage Payoff paid by the HECM: $

Mortgage Payoff paid by You: $ *

To complete this loan, you would be required to pay a portion of the remaining mortgage balance. Please contact one of our account executives to discuss possible options.

Equity Reserve: ** $

This is the equity reserve still remaining in the home.

Projected Credit Line Growth

Estimated based on current and forward interest rates and margin from current HECM pricing. A Reverse Mortgage Consultant will provide an in-depth quote with more exact numbers and details.
  • Project credit line would grow to $ by age
  • Funds could be drawn for home care or any other purpose
  • No additional income taxes on HECM funds used

Your Estimate Details

Mortgage Payoff: $

This can free up monthly cash flow.

Total Available Proceeds: $ *

No limits on the initial draw - unlike traditional HECM, you'll receive the full loan proceeds at closing. These tax free proceeds can be used for any purpose. Loan costs are not included.

Equity Reserve: ** $

This is the equity reserve still remaining in the home.

  • Full upfront draw at a low, fixed rate
  • Low upfront cost with zero origination fee options
  • No mortgage insurance premium
  • No monthly servicing fee
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Thank you for your request.

This is your reverse mortgage estimate. One of our dedicated loan officers will be in touch shortly with your in-depth analysis, including the different program options, loan costs, and your eligibility for possible discounts and credits.


*Certain restrictions and assumptions apply. **Interest will accrue on the outstanding loan amount and be added to the loan balance. Remaining equity displayed is an estimate at the commencement of the loan. Remaining equity is not guaranteed as the loan balance grows.

Understanding Reverse Mortgage Calculations

Your loan estimate is calculated based on the following:

Your age. You must be age 62 or older to qualify for a reverse mortgage. Typically, as you get older, the percentage of your home equity that you can borrow increases.

Your home’s value. This is how much your home is worth in today’s market. If you’re not sure, use your best guess.

The amount of outstanding loans against your house. This includes any mortgages and liens. If you owe on a traditional mortgage, your reverse mortgage proceeds must first be used to pay that off—then you can use the rest as you wish. But unlike a traditional mortgage, a reverse mortgage doesn’t require monthly mortgage payments1. That’s the main benefit: with no monthly mortgage payments, your cash flow can improve significantly.

Current interest rates. As rates go up and down, they affect the percentage of your home equity that you can borrow—for example, the lower the rate, the more cash that’s available.

Maximum loan amount. This is set by the Federal Housing Administration (FHA). The maximum loan allowed is currently $726,525.

How can I use a reverse mortgage?

A reverse mortgage loan lets you use your home equity to help you improve your financial situation and achieve peace of mind. The tax-free cash2 you get from a reverse mortgage can allow you to eliminate monthly mortgage payments1, keep more money on hand to meet everyday expenses, reduce or pay off credit card debt, help with healthcare costs—or any other purpose that suits your lifestyle.

How do I know if a reverse mortgage is right for me?

Before you apply for a reverse mortgage loan, Longbridge can assess your financial situation and help you decide—along with your trusted advisors—if a reverse mortgage is right for you. If we feel it isn’t your best option, we’ll tell you—a promise not all lenders will make.

1You must continue to pay property taxes, insurance, and for home maintenance.

2Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.



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