Buying and selling
Reverse Mortgage Calculator
Estimate how much you could borrow against your home in retirement and how the loan and your equity change over time.
How much could you borrow
Most lenders require you to be at least 60.
A share of the home you set aside so it can never be used to repay the loan.
How you receive the money
Payment option
Loan and property
Establishment, valuation and legal fees, added to the loan.
Indicative maximum loan
$252,000
- Total you would receive
- $100,000
- Starting loan-to-value ratio
- 11.11%
- Equity runs out
- 33 years, 9 months (age 101)
Your home and the loan over time
- Home value
- Loan balance
Show the figures as a tableHide the table
| Year | Home value | Loan balance |
|---|---|---|
| 0 | $900,000 | $101,500 |
| 1 | $927,374 | $111,574 |
| 2 | $955,581 | $122,647 |
| 3 | $984,646 | $134,819 |
| 4 | $1,014,595 | $148,200 |
| 5 | $1,045,455 | $162,908 |
| 6 | $1,077,254 | $179,077 |
| 7 | $1,110,019 | $196,850 |
| 8 | $1,143,782 | $216,387 |
| 9 | $1,178,571 | $237,862 |
| 10 | $1,214,418 | $261,470 |
| 11 | $1,251,356 | $287,420 |
| 12 | $1,289,417 | $315,946 |
| 13 | $1,328,636 | $347,302 |
| 14 | $1,369,048 | $381,771 |
| 15 | $1,410,689 | $419,661 |
| 16 | $1,453,596 | $461,312 |
| 17 | $1,497,809 | $507,096 |
| 18 | $1,543,366 | $557,424 |
| 19 | $1,590,309 | $612,747 |
| 20 | $1,638,679 | $673,560 |
| 21 | $1,688,522 | $740,409 |
| 22 | $1,739,879 | $813,893 |
| 23 | $1,792,800 | $894,670 |
| 24 | $1,847,329 | $983,464 |
| 25 | $1,903,518 | $1,081,071 |
| 26 | $1,961,415 | $1,188,364 |
| 27 | $2,021,073 | $1,306,306 |
| 28 | $2,082,546 | $1,435,954 |
| 29 | $2,145,889 | $1,578,469 |
| 30 | $2,211,158 | $1,735,128 |
| 31 | $2,278,412 | $1,907,336 |
| 32 | $2,347,713 | $2,096,634 |
| 33 | $2,419,120 | $2,304,720 |
| 34 | $2,492,700 | $2,533,458 |
| 35 | $2,568,518 | $2,784,898 |
| 36 | $2,646,642 | $3,061,292 |
| 37 | $2,727,142 | $3,365,118 |
Reverse mortgages written since 18 September 2012 have statutory negative equity protection, so you will never owe more than your home is worth.
How this calculator works
- The maximum loan is indicative: about 20% of the home's value at age 60, rising about 1% for each year of age, up to 45%. Each lender sets its own limits.
- Interest, fees and home price growth compound monthly, and upfront costs are added to the loan.
- Reverse mortgages written since 18 September 2012 carry statutory negative equity protection, so you cannot owe more than the home is worth.
- Interest rates and property values will change over time.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Borrowing Power CalculatorUse your details to estimate how much you could borrow.
- Budget PlannerUse your income and expenses to better plan your spending.
- Property Selling Cost CalculatorFind out how much it will cost to sell your property and see where to save.
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