HECM For Purchase Calculator
The HECM for Purchase Calculator estimates the money you might receive from a Home Equity Conversion Mortgage for Purchase. You must be 62 years of age or older. You must intend to live in the new home as your primary residence and occupy within 60 days of closing.
Please update the values in the form and click calculate.
The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a licensed reverse mortgage professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Mutual of Omaha Mortgage does not guarantee any of the information obtained by this calculator.