Purchase Price of New Home
FHA lending limits for HECMs are currently $1,149,825.
Age of Youngest Borrower
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Current Home Value
Current Mortgage Balance
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$500,000
Max Val
$327,500
Cash to Close
$172,500
Principal Limit
$15,000
Closing Cost
Expected Profit After Sale of Current Home
$350,000
Remaining Profit
Additional Cash to Close
$22,500