HECM Principal Limit Calculator
Please enter the age of the youngest borrower and the estimated market value of the home.

The principal limit (PL) is the total amount of money available. The PL tends to increase as age increases and/or interest rates decrease.

NOTE: The PL is not necessarily your "take home" money. The PL is divided up to pay off existing mortgages, closing costs, set asides, and any distributions to the borrower.
Age of the youngest borrower:
Estimated property value:
Select expected interest rate (EIR):
PL Factor:
Initial % of MCA:
Principal Limit (PL):
NOTE: This calculator has been updated to reflect the January 1, 2021 lending limit change.