An online reverse mortgage calculator can help you to determine how much of your home's equity you can access for a reverse mortgage.
In general, at the current rates & fees you can ballpark that the funds available (after costs) will run as follows - take the youngest homeowners age, subtract 10. That figure is fairly close to the Loan(after costs) to Value senior borrowers/buyers can expect from their reverse proceeds.
You can find very basic reverse mortgage calculators on the web at sites from AARP and HUD. For a more detailed analysis please access my Reverse Mortgage Calculator.
Deborah Nance
Your Local Southern California Reverse Mortgage Professional
Thanks for sharing. Many do not know that a reverse mortgage may be used to finance the purchase of a more suitable primary residence.