It should be noted that you should not rely on a Calculator of Reverse Mortgages found on any website. The amounts they tell you that you can receive fluctuate by area and the applicable interest rate. While these calculators can give you an approximation, you are strongly advised to consult a reverse mortgage professional who is knowledgeable in your area and has access to the accurate interest rates for the various types of reverse mortgage you are investigating. This is especially important now that many differing products are being introduced into the market. This calculator has proven to be one of the more reliable, although it is an estimate and not exact.
The following link is for our calculator: