Reverse Mortgage Calculator
Estimate how much you could borrow with a reverse mortgage in Australia. The amount is based on your home's value and your age, older borrowers can access a larger share. No repayments are made; interest is added to the loan until the home is sold.
Your reverse mortgage details
Your estimate sits within the typical range.
No repayments are made on a reverse mortgage, instead the interest compounds and is repaid when you sell, move into care or pass away, so the debt grows over time. Australian loans carry a 'no negative equity' guarantee.
💰 Ways to save
- Borrow only what you need now, drawing a smaller amount (or a regular income stream) means less interest compounding against your equity.
- Get independent financial and legal advice, and discuss it with family, since it reduces the inheritance in your home.
or from $743/week over 5 years , indicative finance
How we estimate this
A reverse mortgage lets Australians aged 60+ borrow against their home without making repayments. How much you can borrow is based on your age and home value, typically starting around 15 to 20% of the value at 60 and rising by about 1% per year of age.
Pricing reviewed: October 2026.
Doing more than just reverse mortgage?
Build a combined estimate across every part of your project in one place.
Understanding reverse mortgages in Australia
A reverse mortgage lets Australians aged 60+ borrow against their home without making repayments. How much you can borrow is based on your age and home value, typically starting around 15 to 20% of the value at 60 and rising by about 1% per year of age.
No repayments are required; interest is added to the loan and compounds until the home is sold, you move into aged care, or you pass away. Regulated Australian reverse mortgages include a 'no negative equity' guarantee, so you can never owe more than the home is worth.
Frequently asked questions
How much can I borrow with a reverse mortgage in Australia?
It depends on your age and home value, typically from around 15 to 20% of the value at age 60, rising by roughly 1% for each year older. Older borrowers can access a larger share.
Do you make repayments on a reverse mortgage?
No. Interest is added to the loan and compounds until the home is sold, you move into care, or you pass away. Regulated Australian loans include a no-negative-equity guarantee.
Are you a mortgage / finance broker?
Everyone on this page is working out what reverse mortgage costs because they are ready to hire. Put your business right beneath the calculator, in your state, so you are who they find. From $50/mo.