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.
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.
Financial Calculators from
Dinkytown.net
Balance by Year Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Financial Calculators from
Dinkytown.net
Your estimated total is $739,222.63 after 10 years.
Reverse mortgage inputs: |
Balance by Year |
Your estimated total is $739,222.63 after 10 years.
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.