Estimate your maximum home purchase price using an FHA HECM or Proprietary Jumbo reverse mortgage. Enter your age and available funds to see how far your down payment can go.
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Step 1
Choose Your Home
Find a home within your estimated purchase budget.
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Step 2
Bring Your Down Payment
You cover the portion not funded by the reverse mortgage (typically 38–70% depending on age).
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Step 3
No Monthly P&I
The reverse mortgage covers the rest. You pay property taxes, insurance & maintenance — no monthly mortgage payment.
Borrower & Program
Choose the reverse mortgage program to apply the correct age and PLF rules.
Available Funds
Total cash you have available for the home purchase.
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Advanced: Closing Cost Estimate
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📊 Your Results
HECM Lending Limit Applied: Your available funds could support a purchase price above the 2026 FHA HECM limit of $1,249,125. The maximum purchase price is capped at that amount. You have in surplus funds that could go toward closing costs, reserves, or other needs.
Maximum Purchase Price
How the Purchase Is Funded
Principal Limit Factor (PLF)
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The PLF is NOT the same as a traditional LTV ratio. LTV measures loan-to-appraised-value risk. The PLF is a program factor based on borrower age and interest rate environment that determines what percentage of the purchase price the reverse mortgage will fund.
Based on age and selected program
Covers
Loan portion — no monthly P&I payments
Your Required Down Payment
Purchase price portion you bring to closing
Est. Closing Costs
Total Cash Needed at Closing
Down payment + estimated closing costs
Minimum Down Payment at the HECM Limit
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This is the cash needed to purchase a home at the maximum 2026 FHA HECM price of $1,249,125. If your funds are below this amount, your max purchase price will be lower than the HECM limit.
HECM vs. Jumbo — Purchase Comparison
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FHA HECM
Jumbo
Minimum Age
62
55
PLF at Your Age
Max Purchase Price
Loan Covers
Required Down Payment
Est. Closing Costs
Price Cap
$1,249,125
None
Green values indicate the higher estimate. Actual amounts depend on lender guidelines, rates, fees, and appraisal.
Important: This calculator provides estimates for informational and educational purposes only. It is not a loan offer, pre-qualification, or guarantee of any reverse mortgage terms. Actual eligibility and purchase price depend on current interest rates, property type, appraised value, state limits, closing costs, occupancy requirements, financial assessment, and lender/investor guidelines. FHA HECM calculations are based on the 2026 national lending limit of $1,249,125 and simplified Principal Limit Factor estimates — actual PLFs vary by interest rate environment and are set by HUD/FHA. Closing cost estimates shown are approximations only; actual settlement charges may differ significantly. Borrowers must continue to pay property taxes, homeowner's insurance, and property maintenance. A reverse mortgage loan balance grows over time as interest accrues. Please consult a HUD-approved HECM counselor and qualified reverse mortgage professional for personalized guidance before making any purchase decisions.