Following up on the successful launch of our reverse mortgage calculator we have received inquiries if we could expand it to include jumbo reverse mortgages or build a new tool that encompasses this new fast-growing product. We’re pleased to announce that we’ve built such a tool for our visitors. This new jumbo reverse mortgage calculator is available with three easy steps. Simply input your estimated home value, your remaining mortgage balance (first and second if applicable) and the oldest age of the homeowner on title. From there you’ll get a simple estimate. Please note that jumbo reverse mortgages vary from lender to lender and that this is simply an estimate. Generally speaking, if you live in a home that has an estimated value of $1,000,000 or more a jumbo reverse mortgage may qualify for you for more proceeds than a traditional FHA backed reverse mortgage that has a maximum home value limit of approximately $726,525 in 2019. If you are considering a reverse mortgage please consider reading our 2019 guide where we outline pros and cons, the process, etc. From there you can use both our standard reverse mortgage calculator and our jumbo reverse mortgage calculator to see which may work best for you.