Reverse Mortgage Refinance Calculator

Scenario

Loan inputs

Borrower

Date of birth Estimated closing

Property state Include a co-borrower or eligible NBS Co-borrower / NBS date of birth

Property and current HECM Home value

Current balance / payoff

Current principal limit

Current principal limit = balance + available line of credit + remaining LESA.

Costs and obligations

HECM closing costs

Proprietary closing costs

Enter closing costs manually Other obligations

Fully funded LESA

Annual property taxes

Annual homeowners insurance

Selected option LESA — Net set-aside —

Enter taxes and insurance only when a fully funded LESA is required. Include required flood insurance in the insurance total. The amount changes with age and expected rate.

Calculation settings

10-year CMT

HECM lending limit

HECM closing-cost rate

Cost calculation cap

Proprietary closing-cost rate

Comp price basis Annual mortgage insurance

Mutual fixed price basis Mutual ARM price basis ARM broker origination

Defaults reproduce the FAR calculations and the Mutual ARM and fixed screenshots. Adjust the company price basis or origination percentage when a different compensation setup applies.

Standard HECM

Loan options

Effective age—

Maximum claim amount—

Current principal limit—

Estimated closing costs—

$Top compensation

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Cash out — Margin —

↗Highest cash

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Compensation — Margin —

✓Refinance benefit

Principal-limit increase

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Cost multiple — Select an option Minimum qualifying value —

	Compensation	Margin	Expected rate	PLF	Principal limit	3× / 5% tests	Full LESA	Cash out	Line of credit	Origination	Credits	Utilization

Internal estimate only. Uses HUD’s PLF table and initial-disbursement framework with the uploaded FAR broker pricing. Confirm live pricing, payoff, MIP credit, title fees, and LESA with the lender before quoting.

Loan options

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Principal-limit increase

FAR monthly adjustable options