Reverse mortgages let homeowners over 60 borrow against home equity without selling, with no required repayments — interest compounds onto the loan balance until the home is sold. The calculator shows the loan balance growing over your chosen horizon and the equity remaining in the home (after assumed property growth). Useful for retirees considering a reverse mortgage and family members concerned about future equity.
| Year | Age | Loan Balance | Equity |
|---|---|---|---|
| +0 | 70 | $120,000 | $680,000 |
| +5 | 75 | $239,899 | $733,423 |
| +10 | 80 | $409,143 | $775,052 |
| +15 | 85 | $648,046 | $792,709 |
| +20 | 90 | $985,289 | $767,610 |