HECM Calculator

The HECM Calculator page is a tool that allows users to accurately calculate the HECM Mortgage amount after selecting the appropriate loan type and entering the required data. Detailed help is available online or contact the Single Family Administrator.

Factor Table

* Case Information *
Borrower Data: Borrower Name (Last, First MI):
Case Characteristics: Case Number Assigned:	HECM Type:
Refinance:	Amortization Type:

* HECM Calculator *
	Variables	Calculate - FY 2018	Compare - FY 2018
Date of Closing MM/DD/YYYY:	/ /
Borrower/Non-Borrowing Spouse Birth MM/DD/YYYY:	/ /
Expected Interest Rate:
Property Appraised Value:	$.00
Maximum Claim Amount:	$.00
Prior Loan Maximum Claim Amount:	$.00
Prior Loan MIP Paid Amount:	$
Prin Lim - Shared Prem Fac:
Initial Principal Limit:
10% of Initial Principal Limit:
50% of Initial Principal Limit:
60% of Initial Principal Limit:
Initial Premium:	$
Other Closing Costs: Includes funds to payoff outstanding HECM	$
Discharge of Liens:	$
Repair Set Aside:	$
T&I First Year Payments:	$
Mandatory Obligations:
Additional 10% IPL Usage:	$
Initial Disbursement Limit:
Cash to Borrower at Closing:	$
Cash from Borrower:	$
Cash from Lender/Interested Party Contributions:	$
Disbursement at Closing:
Remaining Draw Allowed during Year 1:
Monthly Servicing Fee:	$
Servicing Fee Set Aside:
Net Fully-funded LESA Amount:	$
Net Partially-funded LESA Amount:	$
Net Principal Limit:
Line of Credit during Year 1:
Line of Credit Life of Loan:	$
Monthly Payment during Year 1:
Monthly Payment Life of Loan:	$
Length of Term (in months):
Youngest Borrower Birthdate MM/DD/YYYY: (Required for Amortization Reports)	/ /

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HECM Calculator