How much home can you buy with a reverse mortgage?
Enter the youngest buyer’s age and the cash you can put in. This shows the most home a HECM for Purchase could buy, with no monthly mortgage payment afterward, and every cost along the way. No name, phone number or email required.
Want a copy?
Entirely optional. I’ll email you the figures on this page, once.
An estimate only, not a quote, an offer of credit or a commitment to lend, and not a substitute for a full and proper quote. Contact Ken for an accurate, complete quote on your home. Uses HUD’s principal limit factor tables, the 2026 FHA limit of $1,249,125, the HUD maximum origination fee and an estimate of third-party costs. Adjustable-rate HECM for Purchase figures. Seller credits are limited to 6% of the price, and the buyer must move in as a primary residence. Borrowers must keep paying property taxes, homeowner’s insurance and upkeep and live in the home. This material is not from HUD or FHA and was not approved by HUD, FHA or any government agency.
What the numbers mean
Where the rest of the price comes from
A HECM for Purchase is a reverse mortgage used to buy a home. At closing the loan pays part of the price and your cash covers the rest, plus closing costs. After that there is no required monthly mortgage payment; the balance is repaid when the home is sold or the last borrower leaves.
Why age and rates matter
HUD’s table lends a larger share of the price to older buyers, and a larger share when interest rates are lower. That is why two buyers with the same cash can afford different homes.
What this leaves out
Your appraisal, exact closing costs and pricing on the day you apply. Property taxes, insurance and HOA dues are yours after closing and are not part of this figure.
Have a specific home in mind? The main calculator’s “I’m buying a home” setting shows the cash a given price takes. New to buying with a reverse mortgage? How HECM for Purchase works.
Written by Kenneth M. Adler
Every page on this site is written and maintained by me: the same person who answers the phone, runs your numbers, and handles your file start to finish. No call center, no hand-offs, no lead-selling. More about how I work →
Want these numbers on your own home, in writing?
A calculator shows the math. A written estimate uses today’s pricing, your exact value and costs, and every program that fits.
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