Get a Reverse Mortgage Calculator branded for your website! Colorful, interactive, simply The Best Financial Calculators!
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.
Click this menu to access additional calculator functions including:
Reset to Defaults: Click the "Reset to Defaults" button to reload the default values for this calculator.
Clear all Fields: Click the "Clear all Fields" button to clear all entry fields and reset any radio buttons or drop downs to their default values.
Copy Link: Click to copy a link to this calculator and its current entries to the clipboard. This link can then be pasted into a browser, or another location such as an email or a document. When the link is followed, it will bring up the calculator and load the values that were entered when the link was created.
Email: Click to create an email. Your email program will open with a new email and a brief summary of the calculator results. A link will also be generated as part of the email. When this link is clicked, the calculator page and the values used to create the email will open in a internet browser tab.
Save a copy*: This allows you to save a copy of your entries. Up to 10 sets of data are allowed for each calculator. All data is stored locally and encrypted within your browser. The data is not transmitted over the Internet.
* Note: The "Save a Copy" function is temporary and will only retain information until you clear your browser's cache.
Reverse Mortgage Calculator
*indicates required.
Reverse mortgage inputs:
Lump sum advance
The starting balance or amount you expect to receive immediately from your reverse mortgage.
$0
$1k
$10k
$100k
Years
The total number of years you are planning draw from the reverse mortgage.
0
33
67
100
0
4
8
12
Monthly loan advance
Total monthly amount you plan on receiving, in addition to the lump sum advance.
$0
$1k
$5k
$20k
Interest rate
The annual interest rate for this loan.
0%
4%
8%
12%
**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Balance by Year
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.
