How Much Equity Could I Access?
Stay in your home. Stop making payments. Access your equity. See if you may qualify for a reverse mortgage and get a ballpark of how much you could receive — as a lump sum, monthly payments, or a line of credit.
Your Situation
Age of Youngest Borrower68
Estimated Home Value$450,000
$
Existing Mortgage Balance$80,000
$
Property Type
✓ Must be 62+ (55+ for some jumbo products)
✓ Must be primary residence
✓ Must have significant equity
✓ Must complete HUD counseling
Estimated Available Proceeds
$183,000
after paying off existing mortgage
✓ Likely eligible — let's confirm the details
$263,000
Gross loan amount
58%
Principal limit factor
$370,000
Current equity
$763
Est. monthly option
Key Facts
Monthly payment required$0
Keep title to homeYes
FHA insured (HECM)Yes
Loan becomes due whenYou sell, move, or pass
How to Receive Funds
Lump sum✓
Monthly payments✓
Line of credit✓
Combination✓
CTA
CTA
Roxy Miles
NMLS#2464939
Complex income specialist.
Former financial advisor.
865.424.7997
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