Reverse Mortgage Calculator
ASAG Reverse Mortgage Calculator
How much available equity do you have access to? Calculate your potential equity release amount based on your age and property value by using ASAG’s Reverse Mortgage Calculator.
This calculator is designed and available for you to see if a reverse mortgage is the right decision for you and your requirements. It will let you use a range of scenarios of estimated property value to provide an estimate on available equity.
Assess scenarios to see the effect of interest rate and home value estimates on your home equity.
Print the results.
MoneySmart Reverse Mortgage Calculator
ASIC’s MoneySmart Reverse Mortgage Calculator will provide you a estimated projection of the effect of an ASAG Reverse Mortgage against the equity in your property over a 5, 10 and 15 year period.
This calculator from MoneySmart is a great way to consider if a reverse mortgage is the right decision for you as it will help and show an estimate of:
- How much you may have to pay at the end of the loan assuming you make no repayments, and what this looks like against the equity in your property.
- How different scenarios of changes in property prices and interest rates change your loan total and how this looks against the value of your property.
Frequently Asked Questions
Yes, you can change the values within both calculators to fit the requirements of your particular circumstance. It’s important that you get the right answers for your individual circumstance.
Yes, you can use the reverse mortgage calculator on your phone. There will be a lot of information presented to you depending on what calculator you use, so it is also important you consider your device and can digest the calculators output.
The calculator doesn’t allow you to enter ages younger than 55 as most lenders don’t offer a reverse mortgage to people under this age.
The most that you can borrow will need to be determined by a complete assessment which will consider your property value, your age as well as your personal circumstances through an application assessment. However, the best way to get an estimate to see if a reverse mortgage is the right decision for you is to contact ASAG on 1300 002 724, email firstname.lastname@example.org, or use the ASAG Reverse Mortgage Calculator today to determine your potential property equity release.