Or of an eligible non-borrowing spouse, if younger

Appraised value; the 2026 limit is $1,249,125

Liens paid at closing from the loan

Rate type

Example 1.5 %: use the margin of your offer

Origination fee

Appraisal, title, recording: from the lender’s cost estimate

More options

Weekly average to 2026-10-16

Index of the starting note rate

Example amount: use your tax bill and policy

Most offers: $0. HUD maximum $30 or $35

Cash you can use in the first 12 months

$78,640

Then $61,760 more after month 12, growing at 6.49 % a year while unused.

Factor at age 70, 6.625 %0.386
Maximum claim amount$400,000
Principal limit (line 1)$154,400
Upfront MIP, 2 % (line 3)$8,000
Origination fee$6,000
Other closing costs$0
Mortgage paid off (line 5)$0
Mandatory obligations (line 10)$14,000
First-year limit (line 21)$92,640
Net principal limit (line 25)$140,400

Expected rate 6.65 % (10-year Treasury + margin), read as 6.625 % in HUD's table. Estimate, not a loan offer.

How this is computed
Balance and unused credit at the end of each year, at a note rate of 5.99 % + 0.5 % MIP held constant.
YearAgeLoan balanceUnused credit line
171$14,936$149,788
272$15,935$159,804
373$17,000$170,489
575$19,350$194,051
1080$26,744$268,204
1585$36,964$370,692
2090$51,089$512,345
2595$70,611$708,127
30100$97,594$978,724

Reverse Mortgage Numbers · HUD principal limit factors and FHA rules · not a loan offer