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*Reverse mortgage proceeds are loan advances, not income, so they're generally not subject to income tax. This is general information, not tax advice — please consult a tax advisor about your situation.

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Costs, Loan Amounts & Calculator

· September 2, 2022

Reverse Mortgage Calculator

Shows how an estimate is put together using your age, your home's value, and any existing mortgage balance that would be paid off first. A calculator gives you a ballpark; a full quote accounts for current rates and program details. Try our on-site calculator to see your own numbers.

Presented by Miguel A. Vazquez

California Reverse Mortgage Specialist · NMLS #401212 · 20+ years experience

Licensed CA Broker

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Instant answers pulled from our guides · not personalized advice

Reverse Mortgage Calculator

What You'll Learn

1Uses age, home value, and current mortgage
2Existing mortgage is paid off first
3Gives a ballpark estimate
4Try the on-site calculator for your figures

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No upfront appraisal cost. Miguel pays for your home appraisal himself. He's only reimbursed at closing — and only if your loan actually closes.
No upfront credit cost. Miguel also covers the cost of pulling your credit. There is nothing out of your pocket to get started.
Cancel anytime — you lose nothing. Change your mind at any point and you can simply walk away. If your loan doesn't close, Miguel absorbs those costs — never you.

Miguel A. Vazquez pays the upfront appraisal and credit-report costs and is reimbursed only at closing. If the loan does not close, the borrower owes nothing for these items.

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