Calculate Your HECM Reverse Mortgage Options
Estimated Growth During First 12 Months: Under current HUD regulations, some of the net borrowing power is not useable for 12 months. On adjustable rate mortgages, therefore, the amount of net borrowing power shown includes estimated growth during the first 12 months. This does not apply to fixed-rate mortgages on which all cash draws must be upfront.
Ratio of Available Funds to Settlement Costs: Available Funds are the sum of initial credit line, mortgage balance repayment, other upfront cash draws, and the present value of the monthly payments.