Reverse Mortgage Calculator
Estimate the monthly income a senior citizen can receive against a self-occupied home through a reverse mortgage, while continuing to live in it.
Your property
Monthly income you receive
₹21,714
For 15 years
- Eligible loan value
- ₹90,00,000
- Monthly payout
- ₹21,714
- Total received over tenure
- ₹39,08,603
A reverse mortgage lets senior citizens (60+) draw a regular income against a self-occupied home while continuing to live in it. The loan is settled later from the property; the payout you receive is generally tax-free. Terms vary by bank.
Frequently Asked Questions
What is a reverse mortgage?
A reverse mortgage lets a senior citizen who owns a home receive regular payments from a lender against the home, while continuing to live in it. The loan is settled later, typically from the sale of the property.
How much can I receive from a reverse mortgage?
Lenders lend only a portion of the home’s assessed value, then spread it as payouts over the chosen tenure. The calculator estimates the monthly payout from the value, eligible percentage, tenure and rate; actual terms vary by lender.
Are the TerraNexxus calculators free to use?
Yes — every calculator and tool on TerraNexxus is completely free to use, with no sign-up or login required.
How accurate are these property and loan calculators?
They use standard, widely-accepted formulas to give a close estimate. For exact figures (loan eligibility, EMI, stamp duty, tax), always confirm with your bank, lender or a qualified financial advisor.
Do the calculators work on mobile?
Yes, all tools are fully responsive and work smoothly on mobile, tablet and desktop browsers.
Is the data I enter stored or shared?
No. Calculations run entirely in your browser — TerraNexxus does not store, track or share the values you enter.