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Are you an Australian homeowner over 60?
Congratulations! You have saved significant wealth.
Are you an Australian homeowner over 60?
Congratulations! You have saved significant wealth.
Calculate the Wealth Available in Your Home
Our quick and easy online calculator is the best way to see how much of the wealth in your home you could unlock to live the lifestyle you deserve in the home you love.
It’s Easy
Our 3-step process gives you control of your home wealth now and in the future.
Use the Home Wealth Calculator to get your own wealth projection and personal plan.
Noel Whittaker
Author “Retirement Made Simple”
Home equity is the largest store of lifetime savings for most Australians. If that’s true for you, don’t ignore it — understand your home equity and actively manage your access to it. Like any other savings, the number one rule is “don’t blow it”! “
Security
Stay in your home
Control
No regular repayments required
Your Wealth
Tax free funds
Flexibility
Income or lump-sum
How you can use the wealth in your home
We’ve helped thousands of Australians access their home wealth to use in many different ways.
From topping up your regular income stream to helping your kids to buy their first home, you can use your home wealth in more ways than one.
Top up
Increase retirement income or set aside a contingency
Finance
Refinance a mortgage or consolidate debts
Live
Fund home repairs, renovations, or expenses
Care
Cover medical, dental, in home or aged care
Give
Gift family with a home deposit or education
Frequently asked questions
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Do I have to make monthly payments on a reverse mortgage?
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We offer flexibility and choice; you decide if you want to do so or not. Depending on what best suits you, you can get access to the wealth amount indicated by our reverse mortgage calculator with no repayment obligations.
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Who should use the reverse mortgage calculator?
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If you’re aged 60 or over and would like to pay out a bank mortgage, improve your retirement income or draw a capital sum for renovations or a new car, you should use our reverse mortgage calculator to see how using your home equity could transform your retirement.
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How are reverse mortgages calculated?
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Your age and home value are used to calculate your loan-to-value ratio (LVR). This must comply with the maximums prescribed by the Australian Securities and Investments Commission (ASIC). This determines how much home equity you can access.
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How do I use the calculator?
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The reverse mortgage calculator requires several key inputs:
- Your name, phone number and email so we can send you a summary document of your results
- The age of the borrower/s (note: the youngest borrower must be aged 60+)
- Whether your home is a house or apartment
- Your postcode
- The estimated value of your home (which needs to be at least $600,000 AUD)
Once you submit that information, if eligible, you’ll see an estimate of the amount you may be able to borrow.
If you have any questions regarding our reverse mortgage calculator, call us on 1300 169 046. See how using your Household Capital™ could improve your retirement income and help you Live Well At Home™.
Our calculator demonstrates how much home wealth you could unlock to improve your retirement funding.
Our calculator demonstrates how much home wealth you could unlock to improve your retirement funding.
Trusted by thousands of Australians
Hearing our customer’s stories is a big part of what motivates our team each and every day.
I had an existing mortgage and wanted to clear it. The best thing about Household Capital is that you can ring up and can actually talk to someone who understands what you are going through. Nothing was too much trouble and that’s the big difference.
Barry
Shoalhaven, NSW