Lifetime Loan Calculator
Welcome to the Spry Lifetime Loan Calculator which lets you run your own scenarios. Use this calculator to 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
You can run and re-run the calculator with different assumptions to see the outcome of each scenario.
For illustrative purposes, interest on the loan is calculated at a fixed rate of 4.95% 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.
To qualify for a Lifetime Loan 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 €250,000 if in Dublin or €175,000 if elsewhere.