Based on the youngest borrower's age of , a home value of , and total liens of .

Home value is based on a 4% annual appreciation. Using the table below, you can type in an annual payment for the year you wish in the payment column and row of that year to see how your payment could affect the loan balance and line of credit.

* there are numerous factors used to determine the possible line of credit or loan proceeds including actual appraised value (FHA appraisal required after application submission), actual payoff at the time of closing if applicable, third party fees, credit and income determinations and others, this calculator will be updated every Monday evening to account for weekly changes.   Due to these factors, although a very close estimate, this is only an estimate, not a quote or proposal. If you would like to receive a proposal delivered to your inbox, please Click Here!

This not a quote or proposal, it is simply what one might be able to expect considering the current rate environment and values provided... If you would like a proposal, Click here!

Simply type in your annual payment in the green fields under payment, or your annual draws in the green fields under LOC Draw to see how this could play out over time

i.e. if your current mortgage payment is $1,000 per month, type $12,000 in the first five green fields below payment to see what your line of credit could possibly look like after 5 years of making the same payments into a HECM vs into principal and interest lost payments to the bank.

This not a quote or proposal, it is simply what one might be able to expect considering the current rate environment and values provided...