How much could a reverse mortgage give you?
An estimate before you call a lender: by age, home value, location and type.
Estimated maximum reverse mortgage$315,00042% of $750,000 · CHIP, EQ Flex and Bloom: up to 55%
- Pays off your mortgage
- $0
- Set-up costs (estimate)
- $3,070
- Lender fee, appraisal, independent legal advice
- Left for you
- $311,930
- If you wait to 75
- 47%
- of value: $352,500 at today's price
This is an estimateLenders publish only their maximum and say the amount depends on your age, the home's appraised value, its location and type. Our age curve is a planning estimate; a lender's quote replaces it. How we built it.
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.
Estimated maximum $315,000 (42% of value); about $311,930 in hand after the mortgage and set-up costs.
Show the numbers
| Estimated maximum | |
|---|---|
| 55 | $150K |
| 60 | $210K |
| 65 | $270K |
| 70 | $315K |
| 75 | $353K |
| 80 | $383K |
| 85 | $405K |
| 90 | $413K |
Assumptions & sources
Assumptions
- Age curve (our estimate): 55: 20% · 60: 28% · 65: 36% · 70: 42% · 75: 47% · 80: 51% · 85: 54% · 90: 55% for a city house, capped at the lender's published maximum.
- Condos 3 points lower and rural homes 5 points lower (estimates; lenders say location and property type matter but publish no adjustment).
- Set-up costs: lender fee $1,795, appraisal about $425, independent legal advice about $850.
Sources
- HomeEquity Bank — CHIP Reverse Mortgage rates (special rates as of October 29, 2026) (effective October 29, 2026). Checked .
- EQ Bank (Equitable Bank) — EQ Bank Reverse Mortgage. Checked .
- Financial Consumer Agency of Canada — Reverse mortgages (effective October 15, 2025). Checked .
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