What will you owe on a reverse mortgage at 80, 85 and 90?
With no payments, a reverse-mortgage balance compounds: at 6.49% it doubles about every 10.9 years. Enter what you borrow, the rate and your home's growth to see what you'd owe and what's left at every age, and when the balance could pass the home's value.
Figures as of November 1, 2026.With no payments, interest is added to a reverse mortgage and compounds. At 6.49% compounded semi-annually the balance doubles about every 10.9 years: $150,000 borrowed at 70 becomes about $284,100 at 80 and $538,087 at 90. What's left for you depends on how fast your home's value grows.
What will you owe at 80, 85, 90?
One advance, no payments, interest compounding twice a year.
- 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 .
How this tool works
Canadian fixed mortgage rates are quoted with semi-annual compounding, so a balance with no payments grows by (1 + rate ÷ 2) twice a year. The calculator applies that from the age you borrow to the age you choose, and grows your home's value at the rate you set. "Left after selling" subtracts selling costs from the home's value before subtracting what's owed.
Real rates aren't fixed for decades: terms renew at the lender's posted rate (HomeEquity Bank's 5-year posted rate is higher than its special rate for new loans). For a projection that switches to the renewal rate after the first term, use the comparison engine.
| Borrowed | $200,000 |
|---|---|
| At 6.49% (CHIP 5-year special) | $521,316 |
| At 7.36% (Income Advantage) | $591,398 |
| Difference after 15 years | $70,082 |
Open this example in the calculator →Computed by our engine with the lender terms and rules on the methodology page.Computed November 1, 2026.
Frequently asked questions
How fast does a reverse mortgage balance grow?
At 6.49% it doubles about every 10.9 years. At 7% it doubles about every 10.1 years; at 5%, about every 14.0 years.
Can I owe more than my home is worth?
The balance can grow past the home's value, but HomeEquity Bank, EQ Bank and Bloom all promise you or your estate won't owe more than its fair market value when it's sold, as long as you kept the loan terms (property tax, insurance, upkeep). Fees and interest after the due date are excluded.
Can I pay the interest to stop the balance growing?
Yes. HomeEquity Bank says you may be able to pay the interest annually or monthly; EQ Bank lets you prepay interest monthly and up to 10% of principal a year without a charge; Bloom offers optional monthly interest payments.
Primary sources
- HomeEquity Bank — CHIP Reverse Mortgage rates (special rates as of October 29, 2026) (effective October 29, 2026). Checked .
- HomeEquity Bank — CHIP posted rates (applicable upon reset). Checked .
- HomeEquity Bank — Client FAQs (repayment, estate, default). Checked .
- EQ Bank (Equitable Bank) — Reverse mortgage FAQ. Checked .
- Bloom Finance Company — Bloom reverse mortgage. Checked .
- Justice Laws — Interest Act, R.S.C. 1985, c. I-15, s. 6. Checked .