Tools
Reverse mortgage calculator for Kingston homes
This reverse mortgage calculator opens with the typical Kingston value for your kind of home. Change the value, your age and the amount you want, and you see the most you could qualify for, plus how the house, the loan and your equity could change over the next 15 years.
No cost · No credit check · No sales pressure
The most you could qualify for
Your home, the loan and your equity, year by year
- Home value
- Loan
- Equity
| Figure | ||
|---|---|---|
| Home value | ||
| Loan balance | ||
| Equity |
For illustration only, not a quote: it supposes Kingston prices rise 4.5% each year and the mortgage charges 6.44%, compounded twice a year. Your own numbers depend on your house, the lender you choose and the housing market. The loan line never rises above the home's value, because you can never owe more than your home is worth when the mortgage comes due, as long as taxes, insurance and upkeep are kept up.
No cost · No credit check · No sales pressure
How the Kingston figures are worked out
To get the top figure, the calculator multiplies your home's value by a percentage tied to the youngest owner's age: roughly 46% at 55, 50.55% at 65, 52.85% at 70, and a ceiling of 60% from 78 on.
If there is a mortgage or line of credit on the home, it gets paid off from that same amount. It is not added on top, so allow for it when you move the amount slider.
The loan line starts at whatever amount you choose. The house line climbs 4.5% a year. Twice a year, interest at 6.44% is added to the loan, because there are no required monthly mortgage payments. You still pay the property tax, insurance and upkeep. The gap between the two lines is your equity, the value you still own. Since interest applies only to money actually taken, a smaller amount keeps the gap wider.
The starting values are the Kingston and Area Real Estate Association, September 2026 MLS® Home Price Index benchmarks, published on the Canadian Real Estate Association's board page (accessed October 16, 2026).
Calculator questions from Kingston homeowners
Is the top figure what a lender will actually offer on my Kingston home?
Not always. It is the most you could qualify for, not a quote. The age table sits near the top of what lenders advance. Your real amount depends on the lender, the appraisal and, for a couple, the younger owner's age.
Why does the amount go up with age?
Lenders expect a mortgage to an older borrower to last fewer years, so less interest has time to build. The table therefore starts at about 46% of the value at 55 and climbs to 60% at 78 and older.
Does the 15-year chart predict what will happen?
No. It is an illustration built on two fixed assumptions: home values growing 4.5% a year, and interest at 6.44% added twice a year. Real prices and rates rise and fall, so your own figures will be different.
Is anything I type saved?
No. The calculator works entirely in your browser. Nothing you enter is sent anywhere, and it is cleared when you leave the page.
Sources
- Kingston and Area Real Estate Association, September 2026 MLS® Home Price Index benchmarks, published on the Canadian Real Estate Association's board page (accessed October 16, 2026)
- Dominion Lending Centres Homestead Financial, estimate table (age table and 15-year assumptions)