Loan
$
$
%
yrs
%
Canadian fixed mortgages compound semi-annually by law; US loans compound monthly.
Rate changes
Simulate a variable rate moving during the term. Each change applies from that year onward.
Balance & cost over time
Balance owed
Cumulative interest
Cumulative principal
Show yearly schedule
The loan
$
%
yrs
The investment
%
%
Tax
%
In Canada, interest on money borrowed to earn investment income is generally deductible — the basis of the "Smith Manoeuvre."
Market changes
Vary the borrowing rate and/or market return at points in the horizon.
Wealth vs. cost of leverage
Investment value
Cumulative after-tax interest
Net benefit
Your home
$
%
The reverse mortgage
%
yrs
$
Loan balance vs. home equity
Home value
Loan balance
Remaining equity