| Product Name | CMT Monthly Cap 5 | HomeSafe | EquityPower |
| Margin Or Rate | 2.500% | 9.450% | 8.990% |
| Initial Rate | 6.580% | 9.450% | 8.990% |
| Mip Rate | 0.500% | 0.000% | 0.000% |
| Property Value | $700,000.00 | $700,000.00 | $700,000.00 |
| Principal Limit | $286,300.00 | $212,800.00 | $228,200.00 |
| Liens Payoff | $150,000.00 | $150,000.00 | $150,000.00 |
| Origination Fee | $6,000.00 | $2,128.00 | $5,305.00 |
| Mip | $14,000.00 | $0.00 | $0.00 |
| Other Closing Costs | $4,907.00 | $5,990.05 | $8,840.05 |
| Available Funds | $111,393.00 | $54,681.95 | $64,054.95 |
| Available Loc | $111,393.00 | ||
| Available Tenure | $713.00 | ||
| Available Cash At Closing | $28,630.00 | $54,681.95 | $64,054.95 |
Find Out How a Reverse Mortgage
Can Help You Buy Your Dream Home
Discover How Much Home You Can Buy with a Reverse Mortgage Purchase
A Reverse Mortgage Purchase calculator is an essential tool for seniors considering the option to buy a new home using a reverse mortgage. This calculator helps estimate the amount you can borrow, and the funds required to purchase a new property. By entering details such as the home's purchase price, your age, and current interest rates, you can gain a clear understanding of the financial aspects involved in using a reverse mortgage for purchasing a home. This tool simplifies the decision-making process, providing valuable insights without any commitment.
The Reverse Mortgage Purchase option allows seniors to buy a new home that better suits their needs while still benefiting from the financial flexibility of a reverse mortgage. This can be particularly advantageous for those looking to downsize, relocate to a different area, or move into a more accessible home. With no monthly mortgage payments required, the Reverse Mortgage Purchase provides an opportunity to maintain financial stability and enhance your quality of life in retirement. The funds from the reverse mortgage can cover a substantial part of the new home's cost, making the transition smooth and financially sound.
REVERSE Mortgage LOANS
Why a Reverse Mortgage Could Be Your Best Move
At Opulence Home Equity, we are committed to helping you navigate the complexities of reverse mortgage options. Our Reverse Mortgage Purchase calculator is designed to provide you with accurate estimates and clear information, empowering you to make informed decisions. Our team of experts is here to guide you through the process, offering personalized advice and support every step of the way. With our assistance, you can confidently explore the benefits of purchasing a new home with a reverse mortgage, ensuring a comfortable and secure future.
Reverse Mortgage Qualifier
