Reverse Mortgage calculator

FREE guide from Seniors First. Downloaded by thousands of Australians since its introduction in 2008.

Reverse Mortgage calculator Australia

When considering a loan for pensioners or retirees, information is crucial. A Reverse Mortgage calculator can be a good way for you to see the possible effect of a Reverse Mortgage over a short, medium and long-term period.

Although no one can ever predict what your remaining equity balance will be in the future, a Reverse Mortgage calculator is an effective tool for modelling what may be a likely outcome.

The amount of Reverse Mortgage loan depends on a number of key variables such as:

  • the amount borrowed
  • the value of the property at the outset
  • the rate of capital growth on the property
  • the prevailing interest rate
  • the age of the borrowers
  • time (or the overall loan term)

A Reverse Mortgage calculation will typically illustrate – at any given time during the loan term:

  • the amount you will owe to the lender
  • the future value of your home
  • your future home equity

Please feel free to use the Seniors First online Reverse Mortgage Calculator to obtain your very own Reverse Mortgage calculation.

Seniors First work with a small network of financial advisers around who specialise in aged care financial advice in NSW, QLD, VIC, WA and SA.