Senior Equity Reverse Mortgage®
Loan amounts are based on several factors.
The reverse mortgage loan amount you may receive varies based on which reverse mortgage product you choose, your age(s) as the borrower(s)1, the appraised value of your home, and current interest rates. Generally, the more valuable your home is and the older you are, the more you can borrow.
Calculate Your Reverse Mortgage Estimate
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How Is It Paid Back?
1The figures entered on the input page of this calculator are for hypothetical purposes only, and actual results will depend on the age(s) of the borrower(s), the appraised value of the home and current interest rates. Please speak with an Reverse Mortgage Solution Advisor for information about your specific situation.
This calculator is provided by Bank of America. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are based on the Annual Percentage Rates listed in the disclosure, are intended for illustrative purposes only and are not guaranteed for accuracy. Bank of America and its affiliates are not tax or legal advisers. This calculator is not intended to offer any tax, legal, financial or investment advice and does not assure the availability of or your eligibility for any specific product offered by Bank of America, its affiliates or any other institution nor does this calculator predict or guarantee the actual results of any reverse mortgage product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. Please consult with qualified professionals to discuss your situation.