HEI vs. Reverse Mortgage Calculator
Compare your estimated cost — modeled from real contract terms.
Scenario Inputs
Eligibility & Cost Overview
| Provider | Eligibility | Max Term | Cash Available | Est. APR | Key Distinction |
|---|
Year-by-Year Cost Comparison
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Cost ranking:
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Unison (depreciating market): costs above assume a sale exit, after which Unison shares in losses. If you refinance or buy out Unison at negative appreciation, Unison does not share in losses — your actual cost would be higher than shown.
Limit: $X Your requested amount exceeds this option's maximum — reduce to compare.
Min: $X Your requested amount is below this provider's minimum — increase to compare.
X-yr max term Provider's maximum term ends before this exit year (the reverse mortgage's term is unlimited).
Reverse Mortgage Assumptions
- We show results for the floating-rate line of credit HECM, the most common type of reverse mortgage.
- Cost estimates shown assume the interest rate stays the same until you repay. In reality it's a floating rate loan, so costs could be higher or lower than what's shown.
- Cost estimates shown assume funds are drawn in full as soon as they're available.
- Lenders typically add a margin to the index ranging from 1.5% to 3.0%. We use 2.5% by default; you can change this under Advanced Assumptions.
Curious how this compares to today's HELOC or credit card rates? See HEI Rates.
HECM Pricing Breakdown — the underlying HUD math, for spot-checking
A fixed-rate HECM and an adjustable-rate HECM are two different loan quotes, each with its own rate and therefore its own Principal Limit — not two views of one number. Only Max Claim Amount and the upfront-cost items don't depend on rate. The tables above use the Adjustable-Rate quote only.