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Reverse Mortgage
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.
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**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Financial Calculators from
Dinkytown.net
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Reverse Mortgage
*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%
Balance by Year |
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.