Reverse Mortgage Calculator
Find out how much equity you could unlock from your home in 30 seconds. No commitments, no personal details required.
regular repayments required
Estimate your equity
If applying as a couple, lenders usually assess the younger person's age.
A rough estimate is enough for now. We can refine this with you later.
Leave as $0 if your home is fully paid off.
Indicative estimate based on public Australian age/LVR guides. Actual borrowing still depends on the lender, property, postcode, fees, and your circumstances.
Calculating
Estimating accessible cash using public age, property value, and mortgage payout guidance.
You may be able to access
$160,000
to
$200,000
Indicative estimate based on public Australian age/LVR guides. Actual borrowing still depends on the lender, property, postcode, fees, and your circumstances.
How much can you borrow with a reverse mortgage?
The amount you can access depends primarily on your age. Australian reverse mortgage lenders use a Loan-to-Value Ratio (LVR) that increases as you get older:
These are general guidelines. Actual LVRs vary by lender and product.
What Affects Your Borrowing Amount?
Several factors determine how much equity you can access through a reverse mortgage.
Your age
The older the youngest borrower, the higher the percentage of home equity you can access.
Property value
Higher property values mean higher potential borrowing amounts in dollar terms.
Property location
Some lenders have location-based criteria that can affect the maximum LVR available.
Existing debt
Any existing mortgage must be paid off from, to increase your reverse mortgage amount.
Lender policies
Different lenders offer different maximum LVRs, interest rates, and product features.
Number of borrowers
Joint applications use the age of the youngest borrower to determine the maximum LVR.
Reverse Mortgage Vs Home Equity Access Scheme
Both let you access your home equity in retirement, but they work quite differently.
