Reverse Mortgage California Calculator

Are you considering a reverse mortgage in California and wondering how much you can borrow against your home equity? Our Reverse Mortgage California Calculator is here to help. This simple tool allows you to estimate the reverse mortgage amount you may qualify for based on various factors.

Formula: The reverse mortgage calculation involves considering the home value, loan balance, borrower’s age, interest rate, and property zip code. The formula takes into account these variables to determine the eligible reverse mortgage amount.

How to Use:

  1. Enter your home value in the designated field.
  2. Input your current loan balance.
  3. Provide your age, as the borrower.
  4. Enter the interest rate for the reverse mortgage.
  5. Specify your property’s zip code.
  6. Click the “Calculate” button to get an estimate.

Example: Suppose your home value is $500,000, your loan balance is $100,000, your age is 65, the interest rate is 3%, and your property is located in zip code 90210. After clicking “Calculate,” you may find that you are eligible for a reverse mortgage amount of $275,000.


  1. Q: What is a reverse mortgage? A: A reverse mortgage is a type of loan that allows homeowners to convert a portion of their home equity into cash.
  2. Q: How does the calculator determine the reverse mortgage amount? A: The calculator uses a formula that considers factors such as home value, loan balance, borrower’s age, interest rate, and property location.
  3. Q: Is the reverse mortgage amount guaranteed? A: No, the calculated amount is an estimate. Actual loan approval is subject to lender evaluation.
  4. Q: Can I use the calculator for properties outside California? A: While designed for California, the calculator can be used for reference, but results may not be accurate for properties in other states.
  5. Q: Are there age restrictions for reverse mortgages? A: Yes, eligibility often requires the borrower to be at least 62 years old.

Conclusion: Our Reverse Mortgage California Calculator provides a quick and convenient way to estimate the potential reverse mortgage amount you could qualify for. Remember that this is a tool for reference, and actual loan approval is subject to lender evaluation. Take the first step towards understanding your reverse mortgage options in California.

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