My question is about the discrepancy between available funds and monthly tenure.

Part of the formulas has to do with future interest earned. The lower the interest rate accrual, the longer it takes for the balance to accrue. the formulas are driven by the programs. What you need to do is select the option that makes the most sense for you. A little less now and more per month, or a little more now and a little less per month. Your RM Specialist should be able to show you the amortization calculations to help you decide which is best for you. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

As Bert explained... the formula dictates the upfront and monthly based on the rate selected... in comparison, both are fairly similar... go with the one you feel best suits your situation.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

hi: there is a special formula that is used to quite you different scenarios...limits/fees etc all plays a role...how much is the loan amt if I may ask? would like to get some more information..Mike (703 505 5300) lending nationwide.

Bert gave you a great answer.

This is a great question that you should discuss with your reverse mortgage specialist. If you are simply using an online calculator, there will be inevitably differences when the actual appraisal is completed. Good luck on leveraging your home once again for a happy retirement.