Basic Calculations - 100/month. Required link back.
Customize Calculations - unlimited. Customizable. No link.
Reverse Mortgage Formula:
fv(Interest Rate/100/12, Years to Receive Payments x 12, - Monthly Payments Received, - Lump Sum Advance)
Reverse Mortgage Definition
The Reverse Mortgage Calculator will calculate exactly how much your mortgage balance will be after utilizing a reverse mortgage. Simply enter in the lump sum reverse mortgage advance payment received, the number of years to receive reverse mortgage payments, the reverse mortgage interest rate, the reverse mortgage monthly payment received (not including the initial reverse mortgage advance payment received), and see your reverse mortgage calculation with our free calculator.
Calculating how a reverse mortgage works is easy with the free online reverse mortgage calculator. Try it out now! Be sure to check out some of our other calculators as well like the Maximum Mortgage, Home Equity Loan, and the HAMP Calculator to name just a few. Don’t forget you can embed our Reverse Mortgage Calculator Widget on your personal site!
How to Calculate Reverse Mortgage
Let's be honest - sometimes the best reverse mortgage calculator is the one that is easy to use and doesn't require us to even know what the reverse mortgage formula is in the first place! But if you want to know the exact formula for calculating reverse mortgage then please check out the "Formula" box above.
Add a Free Reverse Mortgage Calculator Widget to Your Site!
You can get a free online reverse mortgage calculator for your website and you don't even have to download the reverse mortgage calculator - you can just copy and paste! The reverse mortgage calculator exactly as you see it above is 100% free for you to use. If you want to customize the colors, size, and more to better fit your site, then pricing starts at just $29.99 for a one time purchase. Click the "Customize" button above to learn more!