Calculate the future value of your property using our lumpsum calculator

 Lack of a retirement plan or difficult circumstances can make many people thankful for the option of having a home which they can use to overcome financial difficulties. And the equity release helps you do that. However, to make sure the deal is right, you need to make sure you understand exactly what you are getting and what you are leaving for it. An equity release lumpsum calculator will help you do just that.

Most websites that offer you quotes from loan providers will also give you an equity release calculator that you can use to figure out how much you stand to gain. This is cheaper than a financial advisor and also very easy. Before you start, you need to understand some of the factors that will affect the equity that you leave your home as well as the income that arises from that equity.

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• At any given time, the equity of your home depends a lot on the market value of your home, its age, its condition and any other mortgage you have.

A lifetime mortgage will usually bring in more equity than a home revision.

You will not receive all the value of your home as a loan, you will usually get only one amount.

When using the Equity Release Calculator, you will be asked to choose from a number of options. It is good to find out how each of these options affects your income.

If you choose Lifetime Mortgage, you will find these options on your Equity Release Calculator:

1. Roll-up mortgage: No regular payments. Interest is converted into a loan amount and is repaid when the home is sold. If interest rates rise, or if you live significantly longer than you expect, it may mean that the amount to be paid is much higher than the proceeds from the sale.

2. Fixed Repayment Mortgage: Interest does not 'roll up' and neither do you pay regular interest. Instead, you and the provider determine the amount of repayment that is fixed and paid when the home is sold. This is usually a better deal, however, as you get the loan only as a lump sum. Also, since the amount to be paid is more than lumpsum Calculator, if you sell the house too fast, it will not be a very good deal.

3. Interest Only Mortgage: Where you pay only monthly interest and the principal amount is recovered from the sale proceeds. This is not a good option if interest rates are flexible and grow faster than your income.

If you are choosing a home reversal you stand to get between 20 and 60% of the value of your property as a lumpsum calculator or income, the more you get the older you get. However, when using an equity calculator, keep in mind that:

1. You may have to make some monthly payments to continue living.

2. You’ve already sold the house, so don’t stand up to make a profit or pass anything up after your death or when you move out.

3. You will still be expected to maintain and maintain the home

In addition to all these costs, you will need to add legal fees, management fees and consultant fees.

Thus, with the Equity Release Calculator, also make sure that you have a good website that gives you a lot of options and helps you find the best quotes from the providers.