Question: how much does it cost to get a reverse mortgage?
Answer: Upfront costs Reverse mortgages come with origination fees, which compensate the lender for originating the loan. You'll pay a fee that's equal to either $2,500 or 2% of the first $200,000 of your home's appraised value — whichever is greater — plus 1% of your home's value above $200,000.