Reverse Mortgage Calculator
Free reverse mortgage calculator: enter your home value, the youngest borrower's age, interest rate and any existing loan to estimate what you could get.
Reverse Mortgage Calculator — Unlock Your Home's Value in Retirement
Reverse Mortgage is a loan product designed for senior citizens (60+) who own a home but lack regular income. The bank pays you a monthly amount or lump sum against the property value — the loan is repaid only when the homeowner passes away or sells the property. Our Reverse Mortgage Calculator gives a rough estimate of the total amount you could unlock, based on your home’s value, your age and the interest rate.
Enter your home’s value, the youngest borrower’s age, the expected interest rate and any loan still owed on the home. See the total loan available, the estimated fees and the net amount you could receive. No signup, no cost.
How Reverse Mortgage Works
1. Property Value
Enter the current market value of your owned home as assessed by the bank's valuer.
2. Borrower Age
Enter the youngest borrower’s age. The estimate lends a larger share of the home’s value to older borrowers: between 20% and 60% of it.
3. Interest Rate and Existing Loan
Enter the expected interest rate (a higher rate lowers the amount you can borrow) and any loan still owed on the home, which is paid off first.
4. View Proceeds
See the total loan available, the estimated fees and costs, and the net amount left for you.
Reverse Mortgage Calculator Features
Loan-to-Value by Age
The estimate lends between 20% and 60% of your home’s value, more for older borrowers and less when rates are higher.
Net Proceeds
See what is left after paying off any existing loan and the estimated fees — the cash you could receive.
Fees Included
Estimated upfront costs are deducted: an insurance premium of 2% of the home’s value plus closing costs of about 2% (capped at ₹6 lakh).
Visual Breakdown
A chart splits the loan into your net cash, any existing loan paid off, and fees and costs.
Multiple Currencies
Show amounts in any of 20 currency symbols, from the rupee and US dollar to the euro, pound and yen. Only the symbol changes; nothing is converted.
Free and Private
No signup, no tracking. Runs entirely in your browser.