Reverse Interest Rate Calculator

Calculate reverse mortgage interest rates, loan amounts, and payment scenarios. Compare different reverse mortgage products and understand how interest rates affect your loan.

Reverse Interest Rate Calculator
Calculate reverse mortgage interest rates, loan amounts, and payment scenarios for different reverse mortgage products.
Loan Details
Enter your mortgage information to get accurate calculations

$300,000

20.0% of home price ($60,000)

Additional Costs
Monthly expenses beyond mortgage

$3,000

$1,200

Required if down payment < 20% ($0)

$0

Extra Payments
Pay off your mortgage faster

Monthly Payment

$1,517

Principal & Interest

Total Monthly

$1,867

Including all costs

Total Interest

$306,107

Over life of loan

Total Cost

$546,107

Principal + Interest

Payment Breakdown

Total Cost

$546,107
Over 30 years

Principal

$240,000
43.9% of total

Interest

$306,107
56.1% of total

Payment Breakdown

Principal43.9%
$240,000
Interest56.1%
$306,107
Interest vs Principal Ratio
You'll pay 56% in interest
That's $66,107 more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
1$1,517$217$1,300$239,783
1$1,517$230$1,287$237,317
2$1,517$246$1,271$234,455
3$1,517$262$1,255$231,401
4$1,517$280$1,237$228,143
5$1,517$298$1,219$224,666
6$1,517$318$1,199$220,957
7$1,517$340$1,177$216,999
8$1,517$362$1,155$212,776
9$1,517$387$1,130$208,270
10$1,517$413$1,104$203,463
11$1,517$440$1,077$198,333
12$1,517$470$1,047$192,860
13$1,517$501$1,016$187,021
14$1,517$535$982$180,790
15$1,517$571$946$174,142
16$1,517$609$908$167,049
17$1,517$650$867$159,481
18$1,517$693$824$151,405
19$1,517$740$777$142,790
20$1,517$789$728$133,597
21$1,517$842$675$123,788
22$1,517$898$619$113,323
23$1,517$958$559$102,156
24$1,517$1,023$494$90,242
25$1,517$1,091$426$77,530
26$1,517$1,164$353$63,967
27$1,517$1,242$275$49,495
28$1,517$1,325$192$34,054
29$1,517$1,414$103$17,579
30$1,517$1,509$8$0
Understanding Reverse Mortgage Interest Rates
Learn how reverse mortgage interest rates work and how they affect your loan balance over time.

What is a Reverse Interest Rate Calculator?

A reverse interest rate calculator helps you understand how interest rates affect your reverse mortgage loan balance. Unlike traditional mortgages where you make payments, reverse mortgages allow you to receive payments while interest accrues on your loan balance.

Key Features of Reverse Interest Rate Calculators

  • Interest Rate Analysis: Compare different interest rate scenarios
  • Loan Growth Projection: See how your loan balance grows over time
  • Available Proceeds: Calculate how much you can borrow
  • Interest Accrual: Understand how interest compounds on your loan
  • Payment Scenarios: Analyze different payment options

Types of Reverse Mortgage Interest Rates

  • Fixed Rate: Interest rate remains constant throughout the loan term
  • Variable Rate: Interest rate can change based on market conditions
  • Hybrid Rate: Combination of fixed and variable rate features

Factors Affecting Reverse Mortgage Interest Rates

  • Current market interest rates
  • Your age and home value
  • Loan type and terms
  • Lender fees and closing costs
  • Property location and condition

Benefits of Using a Reverse Interest Rate Calculator

  • Compare different reverse mortgage products
  • Understand how interest rates affect your loan balance
  • Plan for future financial needs
  • Make informed decisions about reverse mortgage options
  • Calculate potential loan proceeds

Important Considerations

  • Interest accrues on your loan balance over time
  • Higher interest rates mean faster loan balance growth
  • Consider your long-term financial goals
  • Consult with a reverse mortgage specialist
  • Understand all fees and costs involved