🏠 Reverse Mortgage Calculator
Estimate monthly income from your home equity while staying in your home
📊 Property Details
Lakhs
₹20L₹2.5Cr₹5Cr
Years
607080
Minimum age for reverse mortgage is 60Property Value₹1.00 Cr
Loan Amount (60% LTV)₹60.00 L
🏦 What is Reverse Mortgage?
Reverse mortgage allows senior citizens (60+) to convert their home equity into regular income while continuing to live in the house.
- Bank pays YOU monthly income
- No repayment during your lifetime
- Loan settles from property sale later
- You never owe more than property value
📋 Key Terms (SBI Reference)
Loan-to-Value (LTV)60%
Interest Rate~9.5%
Minimum Age60 years
PropertySelf-occupied
💰 Your Monthly Income Options
15 Years
Total: ₹39.00 L
₹21,667
per month
≈ ₹2.60 L/year
20 Years
Total: ₹39.00 L
₹16,250
per month
≈ ₹1.95 L/year
Lifetime (25 Years)
Total: ₹39.00 L
₹13,000
per month
≈ ₹1.56 L/year
🔄 Alternative: Sell & Rent
If staying in this specific home isn't essential, selling and renting may generate higher monthly income and leaves full sale proceeds for heirs. However, this means adjusting to a new home in later years.
Reverse mortgage advantage: Stay where you're comfortable.
Based on SBI Reverse Mortgage terms. Actual terms may vary. Consult your bank for exact figures.