Reverse Mortgage Planner
A Long-Term Financial Sustainability Simulator
A reverse mortgage can feel simple on the surface: access equity, no monthly payments, stay in your home. But beneath that simplicity sits a long-term financial structure that compounds, interacts with inflation, and depends on your ability to maintain the property over time.
I built the Reverse Mortgage Budgeting Planner to move the conversation beyond “How much can I borrow?” and toward the more important question:
Is this sustainable over the next 10, 15, or 25 years?
Instead of looking at a reverse mortgage in isolation, the tool integrates a fuller picture:
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Your income (CPP, OAS, pensions, investment income)
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Your living expenses
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Property taxes, insurance, utilities, and maintenance
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Reverse mortgage interest compounding
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Home appreciation or depreciation
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Draw strategies (lump sum, staged, or automatic shortfall coverage)
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Downside stress scenarios
It then models what happens month by month. The Reverse Mortgage Budgeting Planner is not a basic calculator. It is a long-term sustainability simulator.
Disclaimer
The mortgage calculators provided on this website are for general informational and illustrative purposes only. The results generated are based on user-entered information and standardized assumptions regarding interest rates, amortization periods, debt service ratios, stress test requirements, property taxes, and other inputs.
These tools do not constitute financial advice, mortgage advice, a mortgage approval, or a commitment to lend.
Actual mortgage qualification and terms depend on many factors, including but not limited to:
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Verification of income and employment
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Credit history and credit score
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Existing debt obligations
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Down payment source and documentation
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Property type and location
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Applicable federal and provincial regulations
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Specific lender underwriting policies and guidelines
Lender policies and regulatory requirements may change without notice and may differ between financial institutions. As a result, the outcomes produced by these calculators may not reflect the final mortgage approval amount, interest rate, product structure, or conditions offered by a lender.
For advice tailored to your individual circumstances, please consult with me.
Mortgage services are provided in accordance with applicable provincial legislation, including the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Ontario) and regulated by the Financial Services Regulatory Authority of Ontario (FSRA) where applicable.
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