You can make a prepayment to your reverse mortgage at any time for any amount you choose. Use Calculators. Mortgage calculator. An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA for short.. Bankrate is compensated in exchange for.
As with most other loans and credit lines, reverse mortgage interest rates are charged on the funds that you receive from your loan. Bankrate.com provides a FREE mortgage tax deduction calculator and other mortgage interest calculators to help consumers figure out how much interest is tax deductable. Bankrate.com’s mortgage loan.
The margin used in our calculator is 250 basis points (2.50%). You might find reverse mortgage originators that offer higher or lower margins and various credits on lender fees or closing costs.