Reverse Mortgage Rate Calculator

Result will be displayed here.

Are you considering a reverse mortgage and wondering about the associated rates? Our Reverse Mortgage Rate Calculator is here to simplify the process for you. This user-friendly tool allows you to quickly estimate your monthly payments, providing valuable insights into your financial planning.

Formula: The reverse mortgage calculation is based on the formula for calculating a fixed-rate mortgage payment. The monthly payment is determined using the formula:

M = \frac{PV \cdot \frac{r(1+r)^{n}}{(1+r)^{n}-1}}


  • M is the monthly payment,
  • ��PV is the present value or home value,
  • r is the monthly interest rate (annual rate divided by 12),
  • n is the total number of payments (loan term multiplied by 12).

How to Use:

  1. Enter your home value.
  2. Input the loan term in years.
  3. Provide the annual interest rate.
  4. Click the “Calculate” button to obtain your estimated monthly payment.

Example: Suppose your home value is $300,000, the loan term is 15 years, and the interest rate is 5%. The calculated monthly payment would be displayed as an outcome.


  1. Q: How accurate is the calculator’s result? A: The calculator provides a close estimate; however, actual rates may vary based on additional factors.
  2. Q: Can I use the calculator for adjustable-rate mortgages? A: No, this calculator is designed for fixed-rate reverse mortgages.
  3. Q: Is the result inclusive of insurance and property taxes? A: No, the result reflects the principal and interest only.
  4. Q: Can I input my own formula for calculation? A: The calculator uses a predefined formula for accuracy and consistency.
  5. Q: Are there any fees associated with using the calculator? A: No, the calculator is free to use.

Conclusion: Empower yourself with the knowledge of reverse mortgage rates using our Reverse Mortgage Rate Calculator. Make informed decisions about your financial future by understanding your potential monthly payments. Use this tool to plan effectively and confidently for a secure retirement.

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