Equity Release Tool
Reverse Mortgage Calculator
Access tax-free cash from your home equity without selling. See how much you can borrow and what equity remains over time.
Your Situation
$
70 years
55 years95 years
7.74%
4.00%12.00%
15 years
5 years30 years
Canadian reverse mortgages (like CHIP) are available to homeowners aged 55+. The loan is repaid when you sell or move out. No monthly payments required — interest compounds on the balance.
Max Tax-Free Cash Available
$440,000
55% of home value at age 70
As Lump Sum
$440,000
As Monthly Income
$2,444/mo
Equity After 15 Years
$0(0% of home value)
Yr 5
$161,240
Yr 10
$0
Yr 15
$0
Reverse mortgage interest compounds — your debt grows over time. This calculator assumes no home appreciation. In reality, your home value may also increase, partially offsetting the growing balance.
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