Reverse Mortgage Calculator

Find out how much equity you could unlock from your home in 30 seconds. No commitments, no personal details required.

$0

regular repayments required

Estimate your equity

5565 years90

If applying as a couple, lenders usually assess the younger person's age.

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A rough estimate is enough for now. We can refine this with you later.

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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.

Book a strategy callLearn how reverse mortgages work

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:

Age 6020% LVR$200,000 on a $1M home
Age 6525% LVR$250,000 on a $1M home
Age 7030% LVR$300,000 on a $1M home
Age 7535% LVR$350,000 on a $1M home
Age 8040% LVR$400,000 on a $1M home
Age 85+45-50% LVR$500,000 on a $1M home

These are general guidelines. Actual LVRs vary by lender and product.

Older couple standing in a garden outside their home

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.
Feature
Reverse Mortgage
HEAS
Provider
Private lenders (banks, non-banks)
Services Australia (Government)
Payment type
Varies by lender (typically 7-10%)
Fortnightly payments only
Interest rate
Private lenders (banks, non-banks)
Currently 3.95% p.a.
Maximum amount
Based on age/LVR (up to 50%)
Up to 150% of pension rate
Eligibility
Age 55+ (varies by lender)
Age Pension age + own property
No Negative Equity Guarantee
Yes (mandatory)
Yes

Frequently asked questions

The amount you may be able to access usually depends on your age, your property's value, your location, and any mortgage still owing. In general, older borrowers can access a higher percentage of their home equity. This calculator gives you an indicative range only, and actual lender limits can vary.

Most reverse mortgages do not require regular ongoing repayments while you continue living in the home and meet the lender's conditions. Interest is usually added to the loan balance over time, although some lenders may allow voluntary repayments if you want to reduce the balance.

Yes. With a reverse mortgage, you generally remain the owner of your home. The lender takes a mortgage over the property, but title usually stays in your name for as long as you keep meeting the loan terms.

The No Negative Equity Guarantee means you or your estate will not owe more than the property's sale value when the loan is repaid, provided the loan terms have been met. It is an important consumer protection built into Australian reverse mortgage products.

A reverse mortgage is offered by private lenders and can provide a lump sum, line of credit, or other structures depending on the lender. The Home Equity Access Scheme is a government-run option through Services Australia and works differently, including how funds are paid and how borrowing limits are calculated.

No. The calculator result is an estimate only and should be used as a guide. Your actual available amount may differ depending on lender policy, property type, valuation, age of the youngest borrower, and your broader circumstances.

Ready to explore your options?

Book a free, no-obligation chat with a Stryve broker to get a personalised assessment.

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