Reverse Mortgage & HECM for Purchase Explorer

Reverse Mortgage and HECM for Purchase Explorer

Built for Homeowners with paid-off or nearly paid-off homes and seniors considering a HECM for Purchase. This tool shows educational estimates so you can bring better numbers to a real conversation.

You keep title and control. A reverse mortgage lender is a lienholder (just like a traditional mortgage).

Educational estimate only. We only show “May Qualify” when common thresholds are met.

Your Inputs

Current estimated market value.

If you have a mortgage, a HECM typically must pay it off at closing.

HECMs generally require the youngest borrower to be 62+.

HECMs are designed for principal residences.

Some property types have extra FHA/HUD eligibility steps (especially condos and manufactured homes).

Enter the interest rate you have been quoted (rates change often).

Used to estimate monthly property charges you must keep current.

Used to estimate monthly property charges you must keep current.

Used to estimate a monthly payment on your current mortgage balance (comparison only).

Reverse Mortgage Estimate Controls

These vary by state, title, appraisal, etc. Pick a reasonable estimate for planning.

If percent: common planning range is often 1%–4% (varies).

This tool estimates ranges. Exact options depend on loan type and structure.

Helps estimate remaining equity after your planned draw (first-year limits may apply).

HECM for Purchase Scenario (optional)

Enter a purchase price to estimate how much the reverse might cover.

Used to estimate whether you may have enough to complete an H4P.

We never say “Qualifies.” Results show “May Qualify” only when common program thresholds are met. Actual approval requires full underwriting, counseling, property eligibility, and financial assessment.

Your Results

Estimated Available Equity

$0

—
Estimated Monthly Property Charges (Taxes + Insurance)

$0

These must be kept current for a HECM to remain in good standing.
HECM 2026 Max Claim Amount Used (MCA cap)

$0

MCA is typically the lesser of home value (or purchase price) and the HECM lending limit.
Monthly Payment Comparison (Current Balance)

$0

A reverse mortgage typically has no required monthly mortgage payment (you still pay taxes/insurance/maintenance).

Reverse Mortgage Principal Estimate (Educational)

Estimated Principal Limit Range

$0 – $0

PLF estimate uses age and your entered interest rate (approximation).
Estimated Net Principal After Upfront Costs

$0 – $0

Includes upfront MIP, origination cap estimate, and your closing cost estimate.
Estimated Cash Remaining After Paying Off Current Mortgage

$0 – $0

If you have an existing mortgage, HECM proceeds generally must pay it off at closing.
Estimated Remaining Equity After Your Planned Draw

$0

Based on your desired initial cash amount (if entered). Home value changes are not assumed.

HECM for Purchase (H4P) Estimate (if you entered a purchase price)

Important reminder: You keep title and control. The lender is a lienholder, and the loan is typically repaid when the last borrower sells, moves out, or passes away. Also: A HECM is “non-recourse.” If the balance is ever higher than the home value at payoff, the borrower/heirs are generally protected from owing more than the home’s value (subject to HECM rules).

Next Steps to Confirm Your Numbers

Bring these estimates to a quick call so we can verify property eligibility, run accurate principal limit factors, and structure the option that matches your goals.
Schedule Your Consultation
Educational estimate only. Final approval depends on full underwriting, property, reserves, counseling, and lender guidelines.
(772) 618-5058

Treasure Coast Mortgage, LLC

NMLS# 1958997

Contact Us

584 NW University Blvd, Suite 711

Port Saint Lucie, FL 34986

Treasure Coast Mortgage, LLC is an Equal Housing Lender. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other Federal regulations. All applicants applying for credit from Treasure Coast Mortgage, LLC will never be discouraged on on the basis of race, color, religion, national origin, sex, military status ,marital status, age, or because you get public assistance. All information we request is voluntary, and will be kept confidential. For more information on the ECOA, please visit:

http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm

© Copyright 2026 | Treasure Coast Mortgage, LLC | All rights reserved.

© Copyright 2026 | Treasure Coast Mortgage, LLC | All rights reserved.