ℹ️ Used to compute LOC growth rate (Note Rate + 0.5% MIP)
🏠 Eligibility & Property
$
$
$
⚠️ Amount drawn at closing (reduces unused portion for growth)
📊 Current Estimate
HECM Lending Limit Applied: Your home value of exceeds the 2026 FHA cap of $1,249,125. The calculation uses the capped value. Amount above cap: .
Max LTV
Effective Home Value:
Principal Limit:
Estimated Line of Credit:
Initial Draw at Closing:
Unused Portion (Growth Base):
Growth Rate Used:
?
📈 Projected Available LOC (Unused Portion)
Assumes no additional draws after closing. Growth applies to unused balance only.
Year
Available LOC
Growth vs Today
Key takeaway: By leaving your line of credit untouched, your available credit could grow from
today to
in 20 years — an increase of
.
Growth applies only to the unused portion; any draws reduce future growth.
Disclaimer: This calculator is for informational and educational purposes only and provides simplified estimates. It does not constitute financial, legal, or tax advice, nor does it guarantee loan approval or specific proceeds. Actual reverse mortgage terms and eligibility depend on many factors including interest rates, lender/investor guidelines, fees and closing costs, property type, occupancy requirements, payoff demands, set-asides, and financial assessment. Growth illustrations assume no draws after closing and apply only to the unused portion of the line of credit. The Proprietary Jumbo 1.5% growth rate is illustrative and may vary by lender. FHA HECM calculations are based on the 2026 county limit of $1,249,125. Consult a qualified reverse mortgage professional for a personalized quote and official eligibility determination.