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.

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For more information about these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

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.

Your estimated total is $739,222.63 after 10 years.

*indicates required.

Reverse mortgage inputs:

Lump sum advance:*This entry is required.Enter an amount between $0 and $2,000,000,000

Years:*This entry is required.Enter an amount between 0 and 100

Months:

Monthly loan advance:*This entry is required.Enter an amount between $0 and $10,000,000

Interest rate:*This entry is required.Enter an amount between 0% and 20%

Frequency:*This entry is required.

Interest:*This entry is required.

Balance by Year Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

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.

Reverse Mortgage Calculator