Tools
Reverse mortgage calculators for Canada
Short answer
Five free tools on one set of dated lender terms: the four-route comparison (reverse mortgage vs HELOC vs downsizing vs selling), how much you could borrow, what you'd owe by age, lump sum vs monthly advances, and the cost of repaying early. Nothing you type leaves your browser.
Figures as of November 1, 2026.Five free tools on one set of dated lender terms: compare a reverse mortgage with a HELOC, downsizing and selling; estimate how much you could borrow at your age; see what you'd owe at 80, 85 and 90; compare a lump sum with monthly advances; and price getting out early.
Compare: reverse mortgage vs HELOC vs downsizing vs sellingThe same cash four ways, followed year by year to age 95: what each costs, what you pay monthly and what's left.Open →How much can I borrow?An estimate by age, home value, type and area, with what's left after the mortgage and fees.Open →What will I owe? Balance by ageYear-by-year balance, home value and equity left, with the age the balance could pass the home's value.Open →Lump sum or monthly advances?Three ways to take the same money, and how much interest each one costs.Open →Cost of repaying earlyPrepayment charges by lender and year, with the total cost of getting out early.Open →
| Wants | $80,000up front, CHIP |
|---|---|
| Reverse mortgage: left at 90 | $744,883 |
| HELOC: left at 90 | $816,739 |
| Downsize: left at 90 | $831,603 |
| Sell and rent: left at 90 | $169,942 |
| Leaves the most at 90 | Downsize |
Open this example in the calculator →Computed by our engine with the lender terms and rules on the methodology page.Computed November 1, 2026.