Equity Release Calculator

We’ve put together a calculator to help you determine:

  • The maximum amount you could borrow
  • The projected future loan balance
  • The projected future house value
  • The projected future equity remaining in your home. Find out more about Equity Release here »
  • The impact of making optional repayments on the loan balance

You can run and re-run the calculator as many times as you’d like to see the different outcomes.

Qualifying criteria

To qualify for a Lifetime Mortgage you (or the younger borrower if there are two) must be at least 60 years of age. The property must be of standard construction, located in the Republic of Ireland and be worth at least €300,000 if in Dublin or €225,000 if elsewhere.

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How much money can you release?

Our equity release calculator gives instant results.
In the case of joint borrowers, both must be aged at least 60 years of age. The age of the younger borrower is used to determine the maximum loan value.
Your property must be worth at least €300,000 if in Dublin or €225,000 if elsewhere.
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Our maximum loan is €500,000 but contact us directly for loan amounts in excess of this.
This is the indicative maximum amount you could borrow. You can choose how much of this you want to borrow based on the amount required to meet your identified financial needs and objectives.
Enter the lump sum amount you would like to borrow and your own assumption of the average amount by which house prices will grow (or fall) each year during the life of the loan.
The calculator will provide an estimate of your property's future value, the future loan balance and the amount of equity remaining for you or your beneficiaries at various ages.
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Cannot be higher than the maximum loan amount above.
Your property value may increase over time. Please enter the assumed property growth rate you would like to use for this illustration. (The default property growth rate is 2% per annum. You can enter a negative growth rate to see the impact if house prices fall instead of grow over time.)
Loan Summary Details
Age of Younger Applicant:
Your Estimate of Your Property's Value:€
Assumed House Price Growth Rate:%
Fixed Interest Rate:%
Maximum loan amount:€
Requested loan amount:€
Age Years Loan Balance Estimated Property Value Estimated Equity Remaining
For illustrative purposes only.
Excludes loan set up fee of €1,500 which we recommend you pay upfront to avoid interest being added to the fee.
Scroll down to see the impact of making optional repayments

Impact of Making Optional Repayments On the Cost of Borrowing

To help you reduce the amount that your loan balance grows to over time, you can choose to make monthly optional repayments.
You can repay up to 10% annually of the amount you initially borrow which will be exempt from any possible early repayment charge.
If you make any optional repayments in excess of the 10%, the excess may be liable to an Early Repayment Charge.
Optional Repayments
Step 2 - View what the impact of making optional repayments has on your loan balance
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You have chosen an amount that annually is greater than 10% of the requested loan amount. You can make such repayments but the excess over 10% may be liable for an early repayment charge.
Impact of making optional repayments on the cost of borrowing
This demonstrates the impact of making Optional Repayments has on your loan balance and the estimated equity remaining with and without repayments.
Figures for illustrative purposes only.
Years Youngest Age Estimated Future Property Value Guaranteed 20% of Future House Value Total Amount Owing without making repayments Total Amount Owing making repayments Reduction in Total Amount Owing by making repayments Estimated Remaining Equity without making repayments Estimated Remaining Equity making repayments
(i) (ii) (iii) (ii) less (iii) (i) less (ii) (i) less (iii)
Hover over the graph to see the impact of making optional repayments over time
By making regular repayments, the rolled up value of the Lifetime Mortgage is less (i.e. the dashed line is less than the solid line).
Figures for illustrative purposes only.
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New Loan Enquiry Form

If you want to take things further, we will work with you to build a clear picture of your own personal needs and whether or not a Lifetime Mortgage is suitable to meet them.

We will guide you through the process, telling you exactly how it all works. Call us at (01) 5822 570 or fill in our form.

New Loan Enquiry
Spry Finance Loan Process - New Loan Enquiry Form

Notes:

For illustrative purposes, interest on the loan is calculated at a fixed rate of 6.70% or 6.50% per annum and compounded monthly. Your Annual Percentage Rate (APR) will be calculated and provided to you during the application process.

The estimated future property values are based on your estimate of the current property value and the rate of house price growth you entered.

The equity remaining is based on the estimated future property value less the accumulated loan balance. It does not allow for any costs that may be incurred upon sale of the property.

This Spry Lifetime Loan calculator is for illustrative purposes only and is not an offer of a loan. It does not guarantee any future equity in your home. The amount you can borrow will depend on your individual circumstances.

Property values may not increase over the term of the mortgage, and could even fall.

If the amount of equity remaining is shown as zero, the No Negative Equity Guarantee would ensure that you would not have to repay more than the net sale proceeds of your property.

Get in Touch

If you want to take things further, we will work with you to build a clear picture of your own personal needs and whether or not a Lifetime Mortgage is suitable.

We will guide you through the process, telling you exactly how it all works. The first step is to get in touch with us.

New Loan Enquiry