Move the sliders for a rough idea of how much home equity you may be able to access with a reverse mortgage in BC, and what could happen to your equity over time. It runs right here in your browser and does not ask for any personal details.
For illustration only. Not an offer, approval, rate quote or guarantee of any amount. Actual amounts depend on age, home type, location, lender and appraisal. Any existing mortgage is paid from the proceeds, so your net cash is less.
| Today | In 15 years | |
|---|---|---|
| Home value | $900,000 | $1,402,000 |
| Loan balance | $374,000 | $1,049,500 |
| Equity left | $526,000 | $352,500 |
Uses the middle of the range taken at once, an illustrative 7% rate compounded twice a year, and home prices rising 3% a year. Reverse mortgage rates are typically higher than regular mortgage rates. Real results will differ, and equity can be lower than shown.
How the estimate works
Lenders base the amount mostly on the age of the youngest borrower. The older you are, the higher the percentage of your home's value they may lend. Couples get a little less than a single borrower of the same age, condos get less than houses, and homes outside the main metro areas get less again. Lenders also set minimum home values and lending areas, and the final number always comes after a valuation.
This calculator is calibrated against real BC approvals and capped below the usual maximum of 55% of home value. Treat it as a starting point, not a quote.
Gross access vs cash in hand
The range above is gross access. If you have a mortgage or line of credit on the home, it is paid out first. Set up, appraisal and legal fees also come off. What is left is your cash in hand.
A $900,000 house in the Kelowna area, single borrower aged 70, shows roughly $351,500 to $396,500. With a $100,000 mortgage still owing and about $4,000 in costs, cash in hand would be roughly $247,500 to $292,500. Illustration only.
Why borrowing less, later, saves money
Every dollar you borrow today starts building interest today, and it compounds. If you only need part of the money now, a product that lets you draw the rest later can leave a lot more equity at the end. Your Equity Report shows these trade-offs in plain numbers.
Questions people ask
How accurate is this reverse mortgage calculator?
It gives a rough range calibrated against real BC approvals. Actual amounts depend on the lender, an appraisal, your exact location and home type. Your Equity Report and a lender quote give real numbers.
Why do women get a slightly lower amount?
Some lenders factor in life expectancy, which is longer on average for women, so the loan is expected to run longer.
What rate does the calculator use?
An illustrative 7%, compounded twice a year. Reverse mortgage rates are typically higher than regular mortgage rates and change over time, so confirm current rates.
Does using the calculator share my information?
No. It runs in your browser and does not collect any details. Only the Equity Report form asks for contact information.
About the author
Matt Blake is a licensed mortgage broker in British Columbia with BRX Mortgage Inc. He helps homeowners 55 and over, and their families, compare reverse mortgages with HELOCs, selling and downsizing, and he will tell you straight when a reverse mortgage is the wrong move.
Licence MB600487 · BRX Mortgage Inc., brokerage licence X301291 · Last reviewed October 2026
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