Reverse Mortgage
A reverse mortgage allows you to borrow against equity you have in your home while you live in it.
Reverse Mortgage Calculator
| Term: | yrs |
| Current home value: | |
| Initial lump sum: | |
| Required payment each month: | |
| Monthly fees: | |
| Upfront costs: | |
| Interest rate: | % |
| Assumed increase in home value: | % |
| Show Mortgage at: | yr |
| Initial Mortgage | |
| % of current home value | |
| Equity falls to zero at | |
| At year | |
| Mortgage debt | |
| Equity remaining | |
| Value of home | |
Please note: these calculators are only estimates and should be used only as a guide.
Contact an RDL Tax Accountant for professional financial advice or call (03) 9878 1477
