Reverse Mortgage Calculator
Before and After Reverse Mortgage
Before Reverse Mortgage
Lump Sum: $350,000
Total Advances: $0
Total Interest: $0
Final Balance: $350,000
After Reverse Mortgage
Lump Sum: $350,000
Total Advances: $350,000
Total Interest: $389,222.62
Final Balance: $739,222.62
Yearly Breakdown
| Year | Start Balance | Interest | End Balance |
|---|---|---|---|
| 1 | $350,000 | $27,171.41 | $377,171.41 |
| 2 | $377,171.41 | $29,280.8 | $406,452.21 |
| 3 | $406,452.21 | $31,553.94 | $438,006.15 |
| 4 | $438,006.15 | $34,003.56 | $472,009.7 |
| 5 | $472,009.7 | $36,643.34 | $508,653.04 |
| 6 | $508,653.04 | $39,488.06 | $548,141.1 |
| 7 | $548,141.1 | $42,553.62 | $590,694.72 |
| 8 | $590,694.72 | $45,857.17 | $636,551.88 |
| 9 | $636,551.88 | $49,417.18 | $685,969.06 |
| 10 | $685,969.06 | $53,253.56 | $739,222.62 |
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Monthly Breakdown
| Month | Balance | Interest |
|---|---|---|
| 1 | $352,187.5 | $2,187.5 |
| 2 | $354,388.67 | $2,201.17 |
| 3 | $356,603.6 | $2,214.93 |
| 4 | $358,832.37 | $2,228.77 |
| 5 | $361,075.08 | $2,242.7 |
| 6 | $363,331.8 | $2,256.72 |
| 7 | $365,602.62 | $2,270.82 |
| 8 | $367,887.64 | $2,285.02 |
| 9 | $370,186.93 | $2,299.3 |
| 10 | $372,500.6 | $2,313.67 |
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