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Reverse Mortgage – Learn From America's Leading Educational. – We offer a reverse mortgage calculator and plenty of detailed information to help better educate you in this financial decision. What is a reverse mortgage? A reverse mortgage is a type of mortgage loan that the fha (federal housing administration) insures. This loan is available only to homeowners aged 62 or older.

For example, using the calculator on the national reverse mortgage lenders Association website. In comparison, on the Bankrate 2013 Closing Costs survey, the national average was $2,402 to close on.

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Use our free mortgage calculator to quickly estimate what your new home will cost. Includes taxes, insurance, PMI and the latest mortgage rates.

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