HECM Calculator
HECM Calculator allows homeowners to calculate how much they can borrow from a home equity conversion mortgage (HECM). HECM reverse mortgage calculator will calculate the net proceeds of a HECM loan without having to sell their house or make monthly mortgage payments.
HECM Mortgage Calculator
| Principal Limit Factor (PLF) |
0.595 |
| Gross Proceeds |
$297,375.00 |
|---|
| Estimated Fees |
$10,000.00 |
|---|
| Net Proceeds |
$287,375.00 |
|---|
HECM Amortization Schedule
| Year | Interest Accrued | Loan Balance |
|---|
| 1 |
$15,909.56 |
$313,284.56 |
| 2 |
$16,760.72 |
$330,045.29 |
| 3 |
$17,657.42 |
$347,702.71 |
| 4 |
$18,602.09 |
$366,304.80 |
| 5 |
$19,597.31 |
$385,902.11 |
| 6 |
$20,645.76 |
$406,547.87 |
| 7 |
$21,750.31 |
$428,298.19 |
| 8 |
$22,913.95 |
$451,212.14 |
| 9 |
$24,139.85 |
$475,351.99 |
| 10 |
$25,431.33 |
$500,783.32 |
| 11 |
$26,791.91 |
$527,575.23 |
| 12 |
$28,225.27 |
$555,800.50 |
| 13 |
$29,735.33 |
$585,535.83 |
| 14 |
$31,326.17 |
$616,862.00 |
| 15 |
$33,002.12 |
$649,864.11 |
| 16 |
$34,767.73 |
$684,631.84 |
| 17 |
$36,627.80 |
$721,259.65 |
| 18 |
$38,587.39 |
$759,847.04 |
| 19 |
$40,651.82 |
$800,498.85 |
| 20 |
$42,826.69 |
$843,325.54 |
| 21 |
$45,117.92 |
$888,443.46 |
| 22 |
$47,531.73 |
$935,975.18 |
| 23 |
$50,074.67 |
$986,049.86 |
| 24 |
$52,753.67 |
$1,038,803.52 |
| 25 |
$55,575.99 |
$1,094,379.51 |
| 26 |
$58,549.30 |
$1,152,928.82 |
| 27 |
$61,681.69 |
$1,214,610.51 |
| 28 |
$64,981.66 |
$1,279,592.17 |
| 29 |
$68,458.18 |
$1,348,050.35 |
| 30 |
$72,120.69 |
$1,420,171.04 |
