How much you can borrow is based on the age of the youngest person on title, appraised value of your home, and current interest rates. Existing mortgages/liens will be paid off at closing and deducted from the figures below.
Age |
Home Value $1,000,000 |
Home Value $2,000,000 |
Home Value $3,000,000 |
HomeValue $10M |
55 |
$382,000 |
$764,000 |
$1,146,000 |
$3,820,000 |
60 |
$392,000 |
$784,000 |
$1,176,000 |
$3,920,000 |
65 |
$411,000 |
$822,000 |
$1,233,000 |
$4,000,000 |
70 |
$439,000 |
$878,000 |
$1,317,000 |
$4,000,000 |
75 |
$477,000 |
$954,000 |
$1,431,000 |
$4,000,000 |
80 |
$533,000 |
$1,066,000 |
$1,599,000 |
$4,000,000 |
85 |
$598,000 |
$1,196,000 |
$1,794,000 |
$4,000,000 |
90 |
$604,000 |
$1,208,000 |
$1,812,000 |
$4,000,000 |