How is the reverse mortgage amount calculated?

The amount you qualify for is based on three factors: your age (must be 55+), your home's appraised value, and your property's location. Generally, the older you are, the higher percentage (up to 55%) you can borrow.

Do I need to make monthly interest payments?

No. With a standard Reverse Mortgage in Canada, no monthly payments are required. Interest accrues and is added to the balance. You only repay the loan when you move, sell the home, or pass away.

For Homeowners 55+

Reverse Mortgage
Calculator.

Find out instantly how much tax-free cash you can unlock from your Ontario home. No credit check required to calculate.

Are you over 55?

How the Math Works

In Canada, Reverse Mortgages are regulated to ensure you never owe more than your home is worth. The "LTV" (Loan-to-Value) limit is strictly capped.

Age FactorThe older you are, the more you get. A 55-year-old might qualify for 30%, while an 80-year-old could get 55%.
Location PremiumHomes in major urban centers like Toronto, Vaughan, and Ottawa often qualify for higher limits due to stable liquidity.

Equity Protection

Unlike a HELOC, a reverse mortgage does not require monthly payments. Instead, the interest is added to the principal.

Home Value$1,000,000

LTV Limit55%

Max Cash$550,000

Calculator FAQ

Does this affect my Old Age Security (OAS)?▼

No. The funds from a reverse mortgage are considered a loan advance, not income. Therefore, it is 100% tax-free and does not trigger a clawback of OAS or GIS (Guaranteed Income Supplement) benefits.

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Reverse Mortgage Calculator.