Reverse Mortgage Calculator

Opening the Doors to Lending Possibilities

At Intellichoice we provide you with the best, easy to use and effective financial tools that can help improve your finances and prepare you for a loan or asset finance.

The Reverse Mortgage Calculator can help you find out how many years you will be able to live off the equity in your home before it returns to a zero value or protected level. It can help you identify if what you have in your superannuation is indeed enough to live without worry with a mortgage to repay tied on your finances.

GET A QUOTE

Interested in getting a loan? Fast online quotes available here!

Reverse Mortgage Calculator

Considering retiring yet not certain you have enough superannuation saved to live comfortably? This calculator can help you find out how many years you will be able to live off the equity in your home before it returns to a zero value or protected level. The interest that accumulates on a reverse mortgage compound monthly and develops quickly. You can use this calculator to see if using a reverse mortgage could be beneficial for you or what works better for you.

Conclusion: How much you can borrow is calculated on lenders’ Age and LVR model which can differ from lender to lender. The property increase/decrease rate remains constant over the life of the loan however in reality this rate may rise and fall over time. Interest rate does not change over the loan term.

Frequently asked questions

How to use the home loan repayment calculator

Using our home loan repayment calculator is basic.You should simply enter the following variables to calculate your monthly repayments, total interest on the loan and the total amount you would be required to pay over the term of the loan; Repayment frequency, Loan term, Interest rate, Loan amount and Loan type.

Why should you use a loan repayment calculator?

A home loan calculator is a perfect tool to enable you to deal with your mortgage repayments and pay off your loan in time. If you currently have a mortgage, you could use the home loan repayment calculator to figure out what your new monthly repayments would be if you refinanced to a longer or shorter loan term. You would also be able to keep track of the required mortgage repayments should interest rates fluctuate amid the term of your mortgage.

What does the calculator show me?

This calculator assesses the amount of money that could be borrowed from a lender to purchase a property. The figures provided by the calculator are estimates only, based on your inputs and a range of assumptions. The actual amount available for borrowing will be determined by the lender.

Who should use this calculator?

This calculator is a useful tool for any individual who needs to figure out what the maximum amount is they can borrow. It will be most applicable to those in the early stages of refinancing or getting a new home loan.

About Us

Find out why our clients wouldn’t use anyone else. Put your financial needs in the hands of the leaders in the market. Find out why we’re the mortgage broker of CHOICE! Speak to one of our finance specialists TODAY!