Free Reverse Mortgage Calculator for New Zealanders
A reverse mortgage lets retirees borrow against the equity in their home, with no scheduled repayments. The interest compounds onto the balance until the home is sold. The loan amount available depends on age.
Your details
$1,000,000
$
70 years
years
9.50%
%
15 years
years
Available to borrow now
$300,000
based on age 70 (~30% of value)
Based on a $1,000,000 home, age 70, at 9.50% rate over 15 years.
Maximum % of home value30%
Debt at end of period$1,179,000
Estimated home value at end (3% growth)$1,558,000
Equity remaining$379,000
About our Reverse Mortgage Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.