Calculate my loan

Use the calculator below to find out how much you could potentially borrow and to see the impact of your Heartland Reverse Mortgage on the equity in your home.

Based on the information you provided, you will be able to see:

  • how much your loan will increase over time and what this means for the equity in your home
  • how changes in interest rates and house prices could affect the equity in your home.
Year Age of Youngest Borrower Loan Amount
(including interest)
Estimated Home Value Equity Remaining

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Notes for the table illustrations

Please note that these examples are for illustrative purposes only and give no guarantees as to any future equity that you may have in your property.

Equity Remaining is based on the estimated property value less loan balance including interest. This figure does not allow for any costs that may be incurred during the sale of the property.

The current Heartland Reverse Mortgage variable interest rate is 5.95% p.a. and is subject to change. An interest rate of 5.95% p.a. compounded monthly, including applicable fees or charges and no repayments being made has been used in this example. Different interest rates may apply. Different loan amounts, interest rates, terms and conditions, and fees and charges, will result in different repayment amounts.

The value of your home may not increase over the term of the loan and could even fall. This may mean that the amount of equity remaining in your home (the difference between the home’s value and the outstanding loan balance) may be substantially less at the end of the loan than it was at the outset. However, Heartland Bank offers you the No Negative Equity Guarantee which means that you will not have to pay us back more than the net sale proceeds of the property, even if this amount is less than the outstanding loan balance.

Fees and charges will apply and will be deducted from your loan drawdown, including an Arrangement Fee of $995 and applicable valuation fee.

Heartland Bank's lending criteria, terms and conditions, fees and charges apply.

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