Calculators
Reverse Mortgage Calculators
Free tools to help you understand your reverse mortgage options. No personal information required — all calculations happen in your browser.
Loan Estimate
Compare estimated loan amounts from CHIP, Equitable Bank, Bloom Finance, and Home Trust side by side. Enter your age, province, and home value to see which lender offers the best value for your situation.
Equity Projection
See how your home equity evolves over 20 years with a reverse mortgage. Visualize the balance between loan growth and home appreciation across multiple scenarios.
HELOC vs Reverse Mortgage
Compare a HELOC with a reverse mortgage side by side. See monthly payments, total interest, and qualification requirements — so you can make an informed choice between the two options.
Cost Estimator
Understand setup costs for each lender — admin fees, appraisals, ILA, and legal costs. Know exactly what to expect before you apply, broken down by lender.
Amortization Schedule
View a detailed year-by-year breakdown of your loan balance, interest accrued, home value, and remaining equity. Uses semi-annual compounding as required under Canadian law.
Downsizing vs Reverse Mortgage
Compare net cash from downsizing versus taking a reverse mortgage on your current home.
Benefits Impact (OAS/GIS)
See how choosing reverse mortgage proceeds vs RRIF withdrawals affects your OAS, GIS, and taxes.
Break Cost Estimator
Estimate the cost of breaking a reverse mortgage early to repay or switch lenders.
All calculators provide estimates only and do not constitute financial advice. Actual rates, LTV ratios, and fees depend on your specific circumstances and lender approval. Rates shown are as of the most recent update and may change. Consult a licensed mortgage broker for personalized advice.
Learn More Before You Calculate
Check if you qualify before running the numbers
Understand the mechanics behind the numbers
Detailed lender profiles with rates and fees
What happens after you decide to proceed
Balanced analysis to help you decide
What your heirs actually inherit
Ready to See What You Qualify For?
Get a free, no-obligation estimate. Or speak with a licensed broker who specializes in reverse mortgages.