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.

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Reverse Mortgage Calculator 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.