Tenure Payment Calculator
Turn your home equity into guaranteed monthly income for as long as you live in your home — a “tenure” payment that never runs out.
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A tenure payment converts your reverse mortgage principal limit into equal monthly payments that continue as long as you live in the home — steady income from equity without selling.
The amount is fixed at closing and depends on age, rate, and home value; reserving part as a line of credit lowers the payment.
Frequently asked questions
How long do payments last?
As long as at least one borrower lives in the home as a primary residence and meets obligations.
Can I change my plan later?
Many borrowers can adjust payment options later, sometimes for a small fee.
What if I move?
If it’s no longer your primary residence, the loan becomes due and payments stop.
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Open calculator →What this calculates
Estimates a HECM tenure (lifetime monthly) payment.
Assumptions & methodology
- Uses illustrative rates.
- 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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