Reverse mortgage calculator
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What the calculator does
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The FIDO reverse mortgage calculator shows the effect of decisions you make about:
- how much you borrow
- whether you take an initial lump sum, or arrange regular income payments or a combination of both
- how long you borrow for
- interest rates and various fees.
It also shows how your home equity may be affected by future changes in the value of your home. |
| Information you need |
- an estimate of the value of your home. A reverse mortgage lender's valuation could be less than you might expect to sell your home for, so you may want to lower your estimate slightly.
- the most up-to-date product information, including interest rates and fees, for the reverse mortgage you are considering.
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| You can also download a spreadsheet version |
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More information about reverse mortgages
FIDO Website: Printed 07/31/2010
