- Initial borrowing
- $100,000
- Estimated interest added
- $121,964
Reverse Mortgage Calculator
Reverse Mortgage Calculator
Explore how an illustrative reverse mortgage balance may grow and how different assumptions affect remaining home equity.
Calculator
Reverse Mortgage Calculator
Explore how a reverse mortgage balance may grow over time and how different assumptions could affect the equity remaining in your home.
- Projected property value
- $1,000,000
- Estimated equity remaining
- 77.8%
Borrowing comparison
What if you borrowed $50,000 less?
Projection
Projected loan balance and property value
The space between the two lines represents estimated gross home equity while the projected property value remains above the modelled loan balance.
Long-term view
5, 10, 15 and 20-year projection
| Time | Projected loan balance | Interest added | Projected property value | Gross equity remaining |
|---|
What does this mean?
Understanding the estimate
Illustrative estimate only.
Negative equity protection
Australian reverse mortgages entered into from 18 September 2012 are subject to statutory negative equity protection. In general, this means the amount ultimately repayable cannot exceed the market value of the mortgaged property, subject to the applicable law and loan arrangements.
This calculator may still display a modelled loan balance that exceeds the projected property value so you can see the mathematical effect of the assumptions entered.
This calculator demonstrates how a reverse mortgage balance may grow using the assumptions entered. It does not determine eligibility, maximum borrowing, loan approval or suitability. Actual rates, fees, lender interest calculations, loan features and repayment outcomes can differ and variable rates can change over time. Property growth is uncertain and should not be relied upon as a forecast.
This website calculator is an educational modelling tool and does not replace any lender or regulatory projections required during the formal credit-assistance process.