Reverse Mortgage Calculator

Reverse Mortgage Calculator

Reverse Mortgage Calculator

Use this 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.

Reverse Mortgage Calculator
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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.

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