Property
Borrower
Loan Parameters
0%3.0%8%
ℹ Rate Scenarios
Results are shown across three planning scenarios based on current market conditions (10-yr CMT 4.38% + lender margins): Lower Rate ~6.25%, Current Market ~6.625%, Higher Rate ~7.375%. These are planning illustrations — not rate quotes.
Disbursement Preference i
New Home Being Purchased
Borrower
Funding Source (optional)
Loan Parameters
Rate Scenarios
HECM for Purchase uses the same rate scenarios as refinance: Lower ~6.25%, Current ~6.625%, Higher ~7.375%. Conventional comparison uses the 30-yr rate below for payment illustration only.
Enter client details to begin
Complete the inputs on the left to generate a home equity scenario analysis for your client.
Client Scenario
Est. Net Proceeds
TAP ↻
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Current Market rate
Est. Net Proceeds
What's available after paying off any existing mortgage and estimated closing costs. Based on the Current Market rate scenario — see the three scenario cards below for the full range.
Available Equity
TAP ↻
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Home value minus mortgage
Available Equity
Your client's home value minus any outstanding mortgage balance. This is the equity pool the reverse mortgage draws from — a higher equity position generally means more proceeds available.
Monthly Payment
TAP ↻
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No monthly payment required
Monthly Payment
No monthly mortgage payment is required as long as the client lives in the home as their primary residence, maintains the property, and keeps taxes and insurance current.
Est. Closing Costs
TAP ↻
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Rolled into loan — no out-of-pocket
Est. Closing Costs
Includes FHA upfront MIP (2% of max claim amount), origination fee (capped at $6,000 by HUD), and estimated third-party costs (title, appraisal, etc.). These are typically rolled into the loan — no cash out of pocket required at closing.
Eligibility Snapshot i
⚖ Federal Requirement: HUD-Approved Counseling
All HECM borrowers must complete independent counseling with a HUD-approved counselor before application — this cannot be waived. Direct clients to HUD.gov or 1-800-569-4287.
Estimated Proceeds — Three Rate Scenarios i
Product Category Comparison i
Disbursement Analysis
HECM for Purchase
$0
per month — for life
Conventional Mortgage
—
per month — 30-year fixed
HECM for Purchase
TAP TO FLIP ↻
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Required down payment
Monthly Payment$0 / month
Annual Cash Freed Up—
10-Year Cash Flow—
HECM Principal Limit—
Est. Closing Costs—
Rate Sensitivity TAP TO FLIP ↻
Down Payment by Rate Scenario
🟢 Lower Rate (~6.25%)—
🔵 Current Market (~6.625%)—
🟠 Higher Rate (~7.375%)—
Why the difference?
A lower expected rate increases the principal limit — meaning more of the purchase price is covered by the loan, reducing what you bring to closing.
Conventional 30-Year
TAP TO FLIP ↻
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per month
Down Payment (20%)—
Annual Cost—
10-Year Total Payments—
20-Year Total Payments—
True Cost of the Loan TAP TO FLIP ↻
What $X/month really costs over time
Loan Amount—
Total Interest (30 yr)—
Total Cost (principal + interest)—
With HECM — that money stays with you
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Eligibility & Requirements
⚖ Federal Requirement: HUD-Approved Counseling
All H4P borrowers must complete independent counseling with a HUD-approved counselor before application — this cannot be waived. Direct clients to HUD.gov or 1-800-569-4287.
All figures are planning estimates only — not quotes, rate locks, or commitments to lend. See footer for full disclosures.
Barrett Financial Group NMLS #181106 · Zack Diener NMLS #470413 · Not affiliated with HUD, FHA, or any government agency · nmlsconsumeraccess.org
Barrett Financial Group NMLS #181106 · Zack Diener NMLS #470413 · Not affiliated with HUD, FHA, or any government agency · nmlsconsumeraccess.org
20-Year Equity Outlook
▸ Show table
All figures are planning estimates only — not quotes, rate locks, or commitments to lend. Actual amounts vary based on appraisal, lender selection, borrower qualification, and current rates. See footer for full disclosures.
Barrett Financial Group NMLS #181106 · Zack Diener NMLS #470413 · Not affiliated with HUD, FHA, or any government agency · nmlsconsumeraccess.org
Barrett Financial Group NMLS #181106 · Zack Diener NMLS #470413 · Not affiliated with HUD, FHA, or any government agency · nmlsconsumeraccess.org
Does home equity belong in your client’s plan?
Connect with Zack Diener to discuss whether this fits — Barrett Financial Group · NMLS #470413
