Estimate how much cash you could unlock from your home with a reverse mortgage (HECM) — explained in plain English, with no sign-up and no sales pitch.
How this works: A reverse mortgage (officially a Home Equity Conversion Mortgage, or HECM) lets homeowners age 62+ turn part of their home equity into cash — without monthly mortgage payments. You keep the title and live in the home; the loan is repaid when the last borrower sells, moves out, or passes away. How much you can access depends on three things: the age of the youngest borrower, your home's value (up to the 2026 FHA limit of $1,249,125), and the current interest rate. Older age and lower rates unlock more.
All estimates update instantly. Nothing is saved or sent anywhere.
From your home's value down to the cash you could actually receive.
A HECM isn't all-or-nothing — most borrowers mix these options.
A one-time cash payout (subject to the first-year limit below). Often used to clear debt or fund a big expense.
Draw cash only as you need it. The unused portion grows over time, which is why many planners use it as a standby safety net.
Steady monthly income — either for a set number of years (term) or for as long as you live in the home (tenure).
Explore more RetireCalm finance guides and tools before you decide.
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