Reverse Mortgage Calculator
Estimate how much home equity you can access and compare offers from all Canadian reverse mortgage lenders.
Your Details
Must be 55 or older
Spouse or partner on title
Enter 0 if your home is mortgage-free
Estimated Amount Available
$210,000
Up to 35% of your home value
Lender Estimates
HomeEquity Bank (CHIP)
Available across all of Canada. Largest reverse mortgage provider.
Rate
6.64%
Closing Fee
$1,795
Estimated Amount
$210,000
Equitable Bank
Flex Lite — lowest closing fee among reverse mortgage lenders.
Rate
6.44%
Closing Fee
$995
Estimated Amount
$210,000
Bloom Finance
SafeRate lifetime fixed rate. Fee waiver if borrower enters LTC or passes within 3 years.
Rate
6.69%
Closing Fee
$1,500
Estimated Amount
$210,000
Home Trust
EquityAccess product launching in 2026 — rates TBD.
15-Year Growth Projection
Assumes 3% annual home appreciation. Loan balance grows at the lender rate. Your remaining equity is the difference.
| Year | Home Value | Loan Balance | Remaining Equity | Equity % |
|---|---|---|---|---|
| 0 | $600,000 | $210,000 | $390,000 | 65% |
| 5 | $695,564 | $289,614 | $405,950 | 58% |
| 10 | $806,350 | $399,412 | $406,938 | 50% |
| 15 | $934,780 | $550,835 | $383,946 | 41% |
Get Your Personalized Estimate
These are estimates based on general guidelines. A reverse mortgage specialist can provide an exact figure based on your specific situation, at no cost or obligation.
Speak With a SpecialistWant a Personalized Estimate?
Our specialists compare all 4 Canadian reverse mortgage lenders and recommend the best fit for your situation. No cost, no obligation.
How This Calculator Works
This calculator provides estimates based on general industry guidelines. The amount you can access through a reverse mortgage depends primarily on your age (or the younger borrower's age for couples), your home value, and your province.
Older borrowers qualify for a higher loan-to-value (LTV) ratio, meaning they can access a greater percentage of their home equity. Typical ranges are 20% for borrowers aged 55 to 59, increasing up to 55% for borrowers aged 85 and older.
The growth projection assumes 3% annual home appreciation, which is a conservative long-term average for Canadian residential real estate. Actual results will vary based on your local market conditions.
Important Disclaimer
These estimates are for informational purposes only and do not constitute a loan offer or commitment. Actual amounts, rates, and terms are determined by the lender based on a full application review including a professional home appraisal.
For an exact figure, speak with a Loans Expert reverse mortgage specialist at no cost or obligation.