HECM for Purchase (H4P) Calculator
Buy your next home with a reverse mortgage — make a one-time down payment and have no required monthly mortgage payments for as long as you live there.
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A HECM for Purchase (H4P) lets buyers 62+ purchase a new primary residence with a reverse mortgage. You make a single down payment and the loan covers the rest, with no required monthly mortgage payment while you live there.
It’s popular for right-sizing in retirement — moving closer to family or into a more accessible home while preserving cash flow.
Frequently asked questions
How much down payment do I need?
It depends on age, expected rate, and price — usually a substantial percentage. This gives an illustrative estimate; a loan officer confirms exact figures.
Do I still have monthly payments?
No required monthly mortgage payment. You still pay taxes, insurance, HOA dues, and maintenance.
Who is eligible?
Generally borrowers 62+ buying a primary residence who can cover the down payment and property charges and complete counseling.
Related calculators
Line of Credit Growth
See how an unused reverse mortgage credit line grows over time.
Open calculator →Loan Balance & Equity
Project how the loan balance grows against your home value over time.
Open calculator →Reverse Mortgage vs. HELOC vs. Home Equity Loan
Compare monthly payment impact across the three main ways to tap equity.
Open calculator →What this calculates
Estimates the down payment needed to buy a home with a HECM for Purchase.
Assumptions & methodology
- Uses illustrative principal-limit factors.
- Results are estimates based on the figures you enter and simplified assumptions.
- Taxes, fees, rates and individual circumstances can change real outcomes.
Important: These tools provide educational estimates only. They are not a loan offer, pre-approval, or financial advice, and results never mean you are approved for any product. Eligibility and terms are determined by a lender after a full application. Consider speaking with a HUD-approved counselor or financial professional.
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