Reverse Mortgage Calculator

This Reverse Mortgage calculator will show you your Home Equity Remaining over time, the Mortgage Debt accumulated and an estimated future value of your Home. The calculator will show you the results of different scenarios when you alter several factors:

- how much you would like to borrow
- how long you would like to borrow for
- Taking an initial sum , regular monthly payments or both
- Interest Rates, Upfront Costs and Monthly Fees

Reverse Mortgage Calculator
You can change all these in the " Input " section. Alerts are put in place to keep you within reasonable guidelines.
The "Results" section will show you how long it will take until the value of your home is equal to the amount of Mortgage Debt.
To see what the Mortgage Debt, Equity Remaining and Home Value is at a particular year, move the slider on the right hand side.

Several assumptions have been made including: CPI Consumer Price Index; this calculator uses a CPI of 2.5%, Assumed Increase in Home Value Rates:
You can select
Low = CPI - 2.5% = Rate of 0%
Medium = CPI + 1% = Rate of 3.5%
High = CPI + 4.5% = Rate of 7%
or Your Own

This is just one of the many Calculators that we have to assist you in making informed decisions about your home loan choices.