How does the reverse mortgage calculator work?

The reverse mortgage calculator helps you estimate how much you can borrow based on your age, home value, and location. It also illustrates the impact of interest rates and house price changes on your home equity.

What information do I need to use the reverse mortgage calculator?

You need to provide details such as the number of borrowers, your age, home value, and postcode to use the reverse mortgage calculator.

What types of loans can I apply for using the reverse mortgage calculator?

You can apply for a Standard Reverse Mortgage, a Secondary Property Option, or an Aged Care Option using the reverse mortgage calculator.

What is the purpose of the ASIC's MoneySmart Reverse Mortgage Calculator?

ASIC's MoneySmart Reverse Mortgage Calculator provides an illustration of the impact of your reverse mortgage on the equity in your home, helping you understand how your debt will increase over time.

Reverse mortgage calculator for Australia

See how much you could borrow

ASIC’s MoneySmart Reverse Mortgage Calculator

Taking the time to understand your options is a good first step. Use ASIC's MoneySmart Reverse Mortgage Calculator to explore how a reverse mortgage could affect the equity in your home over time.

The calculator can help you find out:

How your loan balance could grow over time, and what that might mean for your home
How shifts in interest rates and property values could change the picture for you

MoneySmart Calculator

Want to know more?

Our guides and resources can help you learn more about how a Heartland Bank Reverse Mortgage works.

Reverse Mortgage documents

1This estimate isn’t an approval but provides an indication of how much you may be able to borrow.

*Comparison rate is based on a loan of $150,000 over a term of 5 years. Please note the comparison rate only applies to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees and costs savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Please select which online banking portal to log into.

Heartland Bank Internet Banking

Reverse Mortgage Internet Banking