Portfolio Without Mortgage Payment
Clients often wonder what their financial situation would look like without a mortgage payment. When a traditional mortgage is replaced by a HECM, debt service is eliminated. This calculator illustrates how a retirement scenario is improved by exchanging a mortgage for a HECM.
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.