calculators

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