Reverse Mortgage Calculator

For Calculating Monthly Take Outs*

Use the calculator to see how rising home values can offset some (or even all) of the amount of reverse mortgage interest accruing against your home. If your home's value rises enough, it can even offset the original reverse mortgage loan amount (the "principal"). In highly concentrated urban areas, such as those in Ontario and British Columbia, a complete offset of the loan has not been uncommon.

Interest Rate: 4.39%
What's Your Home's Estimated Value?
How Much Money Do You Want?
How Much Does Your Home Appreciate In Value Every Year?
How Much Money Do You Want As A First Lump Sum?
Interest Rate For Ongoing Monthly Income (Only Variable Rates Are Available In Canada): 5.94%
How Much Money Do You Want To Receive Each Month, As Ongoing Monthly Income?

*These calculations and the chart are for illustration purposes only. There are always assumptions and external factors that cannot account for in these calculations, and those assumptions and unknown external factors may affect future projections. Lotus Income may change or update its calculations without notification. The calculations on this reverse mortgage calculator are only a guide and are not specific legal, financial, accounting, or tax advice.

Lotus Income

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