Reverse Mortgage Calculator — How Much Can You Access?
Estimate your HECM reverse mortgage proceeds in seconds. Enter your age, home value, and existing mortgage balance — and see how much equity San Diego homeowners 62+ may be able to access with no monthly mortgage payments required.
Reverse Mortgage Calculator
Net Available Proceeds
$341,500
Strong equity position
You may access significant tax-free funds.
Principal Limit
$369,000
PLF 41.0%
Upfront Costs
$27,500
MIP $18,000 + Orig $6,000 + Closing $3,500
Existing Mortgage Payoff
$0
First Year Draw Limit
$221,400
Lump sum available (subject to first-year draw limit)
$221,400
This calculator provides estimates only using simplified HUD Principal Limit Factor approximations. The 2026 FHA HECM lending limit is $1,209,750. Actual proceeds depend on a full appraisal, the interest rate in effect at closing, and lender-specific factors. For homes valued above $1,209,750, a jumbo reverse mortgage may provide access to significantly more equity. This is not a commitment to lend.
What Determines Your Reverse Mortgage Amount?
Your Age
The older you are, the higher your Principal Limit Factor (PLF) — and the more equity you can access. A 75-year-old qualifies for significantly more than a 62-year-old with the same home value.
Your Home Value
HECM proceeds are capped at the 2026 FHA lending limit of $1,209,750. For San Diego homes worth more than this, a jumbo reverse mortgage can access the additional equity above the FHA cap.
Interest Rates
Lower expected rates increase your available proceeds — a 1% rate decrease can increase your principal limit by 8–12% depending on your age. Current reverse mortgage expected rates range from approximately 5.75%–7.50% in 2026.
Existing Mortgage Balance
Any existing mortgage, HELOC, or lien must be paid off at closing using reverse mortgage proceeds. The larger your existing balance, the smaller your net available funds — but many borrowers use HECM proceeds to eliminate their monthly payment entirely.
HECM or Jumbo Reverse — Which Is Right for Your San Diego Home?
| HECM | Jumbo Reverse | |
|---|---|---|
| Min age | 62 | 55+ (some programs) |
| FHA insured | Yes | No |
| 2026 loan limit | $1,209,750 | Up to $4M+ |
| Best for | Homes up to $1.2M | High-value homes |
| Non-recourse | Yes (FHA) | Yes (lender) |
| First-year limit | Yes (60% rule) | Often no limit |
San Diego's high home values — median single-family price approximately $1,050,000 in early 2026 — mean many homeowners benefit from exploring both HECM and jumbo reverse options. Compare full reverse mortgage programs →
Quick Answer
How does a reverse mortgage calculator estimate proceeds?
A reverse mortgage calculator estimates HECM proceeds by multiplying the lesser of the home's appraised value or the 2026 FHA lending limit ($1,209,750) by a Principal Limit Factor (PLF) determined by the borrower's age and current expected interest rate. Older borrowers and lower interest rates produce higher proceeds. Upfront costs — including a 2% FHA mortgage insurance premium and origination fee capped at $6,000 — are subtracted to arrive at net available funds. For San Diego homes valued above $1,209,750, proprietary jumbo reverse mortgage programs can access up to $4 million or more in equity beyond the FHA cap. Cascada Mortgage Advisors, Inc. (NMLS #398944, CA DRE #02206556) offers both HECM and jumbo reverse mortgage programs for San Diego County homeowners 62+.
— Cascada Mortgage Advisors, Inc.
Frequently Asked Reverse Mortgage Calculator Questions
What Our Clients Say
What Our Clients Say
Kensuke Yamamoto
2 weeks ago
This was my second time working with Omar, and once again, he exceeded my expectations. I chose to work with him again because of the excellent experience I had the first time, and he continued to deliver outstanding service. From start to finish, Omar was incredibly responsive, professional, and easy to work with. Whenever I had a question, he replied quickly and always took the time to make sure I fully understood the answer. What really sets Omar apart is how well he guides his clients through the mortgage process. He clearly explained each step, kept me informed about what to expect next, and made sure I always knew where we were in the process. Buying or refinancing a home can be overwhelming, but Omar made everything feel smooth, organized, and stress-free. He was also very efficient and kept everything moving forward without unnecessary delays. I truly appreciated his patience, attention to detail, and commitment to providing exceptional customer service. It’s rare to find someone who is not only knowledgeable and efficient but also genuinely cares about making the experience as easy as possible for their clients. That’s why I came back to Omar a second time, and I wouldn’t hesitate to recommend him to anyone looking for a trustworthy, responsive, and dedicated mortgage broker. Thank you again, Omar, for another outstanding experience!
Lycia Cardoso
4 months ago
We had an excellent experience working with Omar for our HELOAN to secure the down payment on our second home. From start to finish, he demonstrated incredible knowledge and experience in navigating the lending process. He took the time to explain every detail clearly, answered all of our questions, and made sure we fully understood our options. What truly stood out was how committed he was to acting in our best interest as borrowers. He carefully evaluated different scenarios to ensure we were making the smartest financial decision for our family. We never felt rushed or pressured — just genuinely supported. On top of his professionalism, he is friendly, approachable, and easy to communicate with, which made what could have been a stressful process feel smooth and manageable. We are so grateful for his guidance and highly recommend him to anyone looking for a knowledgeable and trustworthy mortgage professional!
Patrick Yrigoyen
9 months ago
Working with Omar to purchase my first investment property was an absolute pleasure. The entire process was quick and painless, thanks to his professionalism and proactive approach. Omar asked for everything he needed upfront, which eliminated the usual back-and-forth and made the experience incredibly smooth. He kept us informed with timely updates and was always available to answer questions. One standout moment was when Omar flagged a property that was underinsured—his advice helped us avoid potential issues that could have surfaced down the line. That level of diligence and care truly sets him apart. If you're looking for a mortgage broker who is thorough, communicative, and genuinely invested in your success, Omar is the one. Highly recommended!
Iris Urvina
9 months ago
Omar is an exceptional broker who truly goes above and beyond. My sister and I were previously stuck in an unfair loan and felt discouraged, thinking we wouldn’t qualify for anything better given our financial situation. Omar took the time to carefully research our options and quickly found a solution that put us in a much better position. He made the entire process clear and stress-free, walking us through every question and detail. Even after closing, he continues to check in and guide us toward our future goals. We’re extremely grateful for his support and expertise!
Amy Genao
11 months ago
Omar was referred to me from multiple friends as a top mortgage broker, and from our first conversation, I could see why. He listened to me patiently, asked insightful questions, and took the time to explain every detail in plain language. What really impressed me was how knowledgeable he is—not just about mortgages, but the broader financial landscape. Omar’s approach is proactive, thorough, and refreshingly human as he’s genuinely invested in helping his clients succeed. I’m grateful for his guidance and would wholeheartedly recommend Omar!
Kensuke Yamamoto
2 weeks ago
This was my second time working with Omar, and once again, he exceeded my expectations. I chose to work with him again because of the excellent experience I had the first time, and he continued to deliver outstanding service. From start to finish, Omar was incredibly responsive, professional, and easy to work with. Whenever I had a question, he replied quickly and always took the time to make sure I fully understood the answer. What really sets Omar apart is how well he guides his clients through the mortgage process. He clearly explained each step, kept me informed about what to expect next, and made sure I always knew where we were in the process. Buying or refinancing a home can be overwhelming, but Omar made everything feel smooth, organized, and stress-free. He was also very efficient and kept everything moving forward without unnecessary delays. I truly appreciated his patience, attention to detail, and commitment to providing exceptional customer service. It’s rare to find someone who is not only knowledgeable and efficient but also genuinely cares about making the experience as easy as possible for their clients. That’s why I came back to Omar a second time, and I wouldn’t hesitate to recommend him to anyone looking for a trustworthy, responsive, and dedicated mortgage broker. Thank you again, Omar, for another outstanding experience!
Lycia Cardoso
4 months ago
We had an excellent experience working with Omar for our HELOAN to secure the down payment on our second home. From start to finish, he demonstrated incredible knowledge and experience in navigating the lending process. He took the time to explain every detail clearly, answered all of our questions, and made sure we fully understood our options. What truly stood out was how committed he was to acting in our best interest as borrowers. He carefully evaluated different scenarios to ensure we were making the smartest financial decision for our family. We never felt rushed or pressured — just genuinely supported. On top of his professionalism, he is friendly, approachable, and easy to communicate with, which made what could have been a stressful process feel smooth and manageable. We are so grateful for his guidance and highly recommend him to anyone looking for a knowledgeable and trustworthy mortgage professional!
Patrick Yrigoyen
9 months ago
Working with Omar to purchase my first investment property was an absolute pleasure. The entire process was quick and painless, thanks to his professionalism and proactive approach. Omar asked for everything he needed upfront, which eliminated the usual back-and-forth and made the experience incredibly smooth. He kept us informed with timely updates and was always available to answer questions. One standout moment was when Omar flagged a property that was underinsured—his advice helped us avoid potential issues that could have surfaced down the line. That level of diligence and care truly sets him apart. If you're looking for a mortgage broker who is thorough, communicative, and genuinely invested in your success, Omar is the one. Highly recommended!
Iris Urvina
9 months ago
Omar is an exceptional broker who truly goes above and beyond. My sister and I were previously stuck in an unfair loan and felt discouraged, thinking we wouldn’t qualify for anything better given our financial situation. Omar took the time to carefully research our options and quickly found a solution that put us in a much better position. He made the entire process clear and stress-free, walking us through every question and detail. Even after closing, he continues to check in and guide us toward our future goals. We’re extremely grateful for his support and expertise!
Amy Genao
11 months ago
Omar was referred to me from multiple friends as a top mortgage broker, and from our first conversation, I could see why. He listened to me patiently, asked insightful questions, and took the time to explain every detail in plain language. What really impressed me was how knowledgeable he is—not just about mortgages, but the broader financial landscape. Omar’s approach is proactive, thorough, and refreshingly human as he’s genuinely invested in helping his clients succeed. I’m grateful for his guidance and would wholeheartedly recommend Omar!
Ready to Find Out Your Exact Reverse Mortgage Amount?
This calculator gives you a solid estimate — but your actual proceeds depend on a full appraisal and the rate in effect at closing. Call Omar Michel at (619) 370-0889 or get a free personalized quote below.
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