Reverse Mortgage Calculator

This calculator uses a standard 60% loan-to-value assumption, which is not user-adjustable here — lenders set their own actual LTV based on your age, property valuation, and their specific policy, so treat this as an illustrative estimate.

The maximum payout tenure is capped at 20 years, and further limited by your age (calculated as up to 100 minus your current age) — older applicants get a shorter maximum tenure in this model.

No — a reverse mortgage lets you continue owning and living in your home while receiving regular income against its value; the lender recovers the loan (typically from the property) after the homeowner passes away or the home is sold.

Reverse mortgage payouts are generally treated as loan disbursements rather than income, so they're typically not taxed as income — confirm current tax treatment for your situation.

It's designed for senior citizens who own their home outright (or nearly so) and want a regular income stream without selling or moving out.