What will you owe at 80, 85, 90?
One advance, no payments, interest compounding twice a year.
Owed at age 85$390,987from $150,000 borrowed at 70
- Doubles about every
- 10.9 years
- Left at 85 after selling
- $719,065
- Interest by then
- $240,987
- Balance passes the home's net value
- not by 95
Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.
$150,000 at 6.49% doubles about every 10.9 years; owed at 85: $390,987.
Show the numbers
| Home after selling costs | Owed | |
|---|---|---|
| 70 | $713K | $150K |
| 71 | $734K | $160K |
| 72 | $756K | $170K |
| 73 | $779K | $182K |
| 74 | $802K | $194K |
| 75 | $826K | $206K |
| 76 | $851K | $220K |
| 77 | $876K | $235K |
| 78 | $903K | $250K |
| 79 | $930K | $267K |
| 80 | $958K | $284K |
| 81 | $986K | $303K |
| 82 | $1M | $323K |
| 83 | $1M | $344K |
| 84 | $1.1M | $367K |
| 85 | $1.1M | $391K |
| 86 | $1.1M | $417K |
| 87 | $1.2M | $444K |
| 88 | $1.2M | $474K |
| 89 | $1.2M | $505K |
| 90 | $1.3M | $538K |
| 91 | $1.3M | $574K |
| 92 | $1.4M | $611K |
| 93 | $1.4M | $652K |
| 94 | $1.4M | $695K |
| 95 | $1.5M | $741K |
| Age | Owed | Home value | Left after selling | Loan-to-value |
|---|---|---|---|---|
| 70 | $150,000 | $750,000 | $562,500 | 20% |
| 75 | $206,434 | $869,456 | $619,549 | 24% |
| 80 | $284,100 | $1,007,937 | $673,440 | 28% |
| 85 | $390,987 | $1,168,476 | $719,065 | 33% |
| 90 | $538,087 | $1,354,583 | $748,767 | 40% |
| 95 | $740,530 | $1,570,333 | $751,287 | 47% |
Assumptions & sources
Assumptions
- Balance after n years = amount × (1 + rate/2)2n: semi-annual compounding, the Canadian convention for fixed-rate mortgages. Lenders state how their products compound in the loan documents.
- One rate for the whole period. Real reverse-mortgage rates are fixed for a term (for example 5 years) or variable, and reset at renewal.
- Home growth of 3.0% a year is an assumption, not a forecast.
Sources
- HomeEquity Bank — CHIP Reverse Mortgage rates (special rates as of October 29, 2026) (effective October 29, 2026). Checked .
- Financial Consumer Agency of Canada — Reverse mortgages (effective October 15, 2025). Checked .
- Justice Laws — Interest Act, R.S.C. 1985, c. I-15, s. 6. Checked .
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What will I owe? Balance by age · Powered by ReverseMortgaged.ca · MITEY