RATES
HELOC avg 7.30%Home-equity loan 8.13%Reverse (HECM) expected rate 7.68%Cash-out refi 6.93%10-yr Treasury 4.73%
The Equity Ledger
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METHODOLOGY

How we source, calculate, and check every number.

This is the standard everything on the site is held to. If a figure can’t be tied to a public source, we don’t publish it as fact.

OUR SOURCES

Our analysis is grounded in public, authoritative sources, including:

HOW THE CALCULATOR WORKS

Our reverse-mortgage calculator estimates HECM proceeds and costs entirely in your browser — no name, no phone number, no network call. It approximates HUD’s Principal Limit Factor (PLF) as a function of the youngest borrower’s age and the expected interest rate, applies the FHA maximum claim amount, and then subtracts the real cost side: upfront MIP, the origination fee, closing costs, and any existing mortgage that must be paid off first. It also projects how the growing loan balance erodes the equity you leave behind. The full model, its assumptions, and its limits are documented openly in our calculator math spec.

An estimate, never a quote

The PLF approximation and the FHA maximum claim amount are directionally accurate but not exact — HUD’s actual PLF tables and current-year lending limit will produce a different figure, and rates change daily. Every reverse mortgage requires independent HUD-approved counseling before you can proceed. Use our number to understand the shape of the trade-off, then get a real figure from a HUD-approved counselor and lender.

HOW WE TRACK RATES

The rates cited across the site report national-average rates for HELOCs, home-equity loans, cash-out refinances, and the HECM expected rate, drawn from public sources such as Freddie Mac PMMS and published national averages. Rates are dated and vary by lender, credit, loan-to-value, and state — the figure you’re quoted will differ.

WHAT WE OMIT — ON PURPOSE

Where a data point isn’t reliably available from public sources, we report that rather than estimate or fabricate a number. We don’t publish per-lender “scores,” letter grades, or “best reverse mortgage” rankings, which invite mistaking editorial opinion for individualized advice.

CORRECTIONS

We correct errors promptly and visibly. If you believe a figure or claim is wrong, email editor@theequityledger.com with the detail and we’ll review it against the source.

INDEPENDENCE

We are independent and do not originate loans. Our conclusions are driven by the source data; any referral relationships we add will be disclosed and will not change our analysis.