Reverse Mortgage Calculator

Reverse Mortgage

Reverse Mortgage Calculator, helps find the balance of your remaining equity, that is outstanding on your home equity that grew significantly over a certain period of time to remortgage your home on a monthly basis to receive an allowance for your retirement as an income. Apply this calculator to estimate the amount for your reverse mortgage after your specified number of years, to determine the amount you want to receive every month.
Lump sum advance
The initial value on the reverse mortgage.
Years
Number of years after which you have planned to draw.
Monthly loan advance
Amount of money you are planning to receive monthly.
Interest rate
Yearly rate of interest on the loan.