Reference 1
- Property value
- INR 75 L
- LTV
- 60%
- Tenure
- 15 years
- Typical use case
- Basic retirement supplement
वित्तम्
Reverse Mortgage Calculator
Estimate monthly reverse mortgage payout, eligible loan amount, and accumulated debt for senior citizens using property value, LTV, tenure, and bank rate.
सूत्रव्याख्या
Eligible loan = property value x LTV; Monthly payout = loan x r / ((1 + r)^n - 1)Reverse mortgage payouts are estimated like a reverse annuity: the bank disburses monthly amounts while interest accumulates on the outstanding loan balance.
Step-by-Step Example
- 1Calculate eligible loan from property market value and loan-to-value ratio.
- 2Convert bank interest rate to monthly rate.
- 3Use the reverse annuity formula to estimate tax-free monthly payout.
- 4Project accumulated debt at tenure end from all payouts compounded at the bank rate.
Reference
Benchmark Table
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Reference 2
- Property value
- INR 1.5 Cr
- LTV
- 60%
- Tenure
- 15 years
- Typical use case
- Urban senior cash flow
Reference 3
- Property value
- INR 2 Cr
- LTV
- 70%
- Tenure
- 20 years
- Typical use case
- Higher payout, larger debt
Reference 4
- Property value
- INR 50 L
- LTV
- 50%
- Tenure
- 10 years
- Typical use case
- Short conservative payout
प्रश्नोत्तराणि
Reverse mortgage loan disbursements are generally treated as loan receipts, not taxable income, but users should verify with a tax advisor.
It is typically available to senior citizens owning a self-occupied residential property, subject to bank policy and property valuation.
Heirs may repay the loan and retain the property, or the lender may recover dues through sale as per loan terms.
Because the bank must account for interest accumulation over time and keep total debt within the eligible property-backed loan limit.
Estimated monthly payout
₹23,783.99