Reverse Mortgage Calculator
Reverse Mortgage
Use the reverse mortgage calculator to help determine the balance of a reverse mortgage. This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.
Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Reverse Mortgage Calculator
Use the reverse mortgage calculator to help determine the balance of a reverse mortgage. This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Balance by Year Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Your estimated total is $739,222.63 after 10 years.
Reverse mortgage inputs: |
Balance by Year |
Definitions
Lump sum advance
The starting balance or amount you expect to receive immediately from your reverse mortgage.
Years
The total number of years you are planning draw from the reverse mortgage.
Monthly loan advance
Total monthly amount you plan on receiving, in addition to the lump sum advance.
Interest rate
The annual interest rate for this loan.
Location & Hours
Security Center
