Reverse for Purchase Estimate Calculator

Property Value > Please Enter Purchase Price

Age > Please Enter the Youngest Borrower's Age.

Liens > Please Enter Zero

State > Please Enter FL

Rates shown are estimates and could change or not be available at commitment or closing.


Disclaimer:


The Reverse Mortgage Calculator provided is intended for informational purposes only and offers an estimate based on current program offerings which are subject to change. This calculator does not constitute an offer to lend, nor does it guarantee the availability or terms of any mortgage product.


Important Notices:


  • Estimates Only: The results shown are preliminary estimates and do not reflect the actual loan amount, interest rates, or other costs you might incur.


  • Adjustable Rate Mortgage: Reverse mortgages often have variable interest rates which can change over the life of the loan, potentially affecting the total amount owed.
  • Closing Costs and Fees: There are significant closing costs, fees, and other charges associated with reverse mortgages that are not reflected in these calculations. These can include but are not limited to, origination fees, mortgage insurance premiums, and servicing fees.
  • Counseling Requirement: Federal rules require counseling with a HUD-approved counseling agency before you apply for a HECM.
  • Government Approval: These materials have not been approved, sponsored, or endorsed by HUD or any other government agency. Access Reverse Mortgage Corporation is not affiliated with HUD, FHA or any government agency.
  • No Guarantee: This tool does not guarantee loan approval or the terms of any potential loan; all loans are subject to credit approval and property appraisal among other conditions.
  • For Full Information: Before deciding on a reverse mortgage, consult with a licensed mortgage professional who can provide detailed information tailored to your specific situation. Remember, reverse mortgages are complex financial products with long-term consequences, including the obligation to maintain property taxes, homeowner's insurance, and home maintenance.


Additional Note:

The calculator above is only for one type of product. Please reach out to a licensed reverse mortgage professional to get more details, a more accurate estimate, and to explore the different lending options available. These options will also have different results and proceeds. The borrower will receive an amount that varies based on these factors.


Last Updated: 10/21/26


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Why Partner with Us?


  • Guidance: We explain HECM for Purchase options, costs and requirements to you and your clients.
  • Local Market Knowledge: Our deep understanding of your local real estate market means solutions tailored to your region.
  • We explain the terms, rates and costs of each option.


Compliance and Client Assurance



  • Counseling Requirement: Before applying for a HECM, borrowers must complete counseling with an independent HUD-approved counseling agency. We provide a list of approved agencies.


Next Steps


Contact us to talk about whether a HECM for Purchase may fit your client's situation.


Unlock New Opportunities for Your Clients with Reverse Mortgage Solutions


At Access Reverse Mortgage Corp., we're dedicated to providing innovative reverse mortgage services in Florida that can significantly benefit Realtors and their clients. Our offerings include:


  • HECM for Purchase: For buyers age 62 or older. The buyer pays a down payment, and the HECM finances the rest of the purchase. No monthly mortgage payment is required. The borrower must live in the home as their principal residence, pay property taxes, homeowners insurance and any HOA fees, and maintain the home. If they do not, the loan can become due and the home could be lost to foreclosure. Interest and fees are added to the loan balance, which grows over time.
  • Purchasing a Condo with HECM: For those eyeing a condo, HECM can be the key, although not all condos qualify.


  • Proprietary Products for Non-HECM Condos: If a condo doesn't meet HECM criteria, we have alternative proprietary reverse mortgage products that can make the purchase possible.


  • Proprietary (non-FHA) reverse mortgages may allow larger loan amounts for higher-value homes. Loan limits, terms and availability vary by lender and state. No monthly mortgage payment is required. The borrower must pay property taxes, insurance and HOA fees and maintain the home.


Leverage Our Tools for Better Client Outcomes


Use our   Reverse Mortgage Calculator  at the top of the page to estimate how much of the purchase price can be financed through a HECM for Purchase. This tool is invaluable for providing your clients with a clear picture of their potential financing options, helping you advise more effectively.