Working calculator — verify before sending

Equity Release Illustration Builder

Loan amount (£)

Interest rate — MER (%)

Voluntary payment (£/month)

House price growth (% p.a.)

Starting property value (£)

Term (years)

ERC period (years)

Option 1 — pay for (years)

Option 2 — pay for (years)

Show figures at years

Also show the final year of payment contribution for each option

Option 1

Year	Loan Balance	Projected Property Value	Remaining Equity

Option 2

Year	Loan Balance	Projected Property Value	Remaining Equity

Method used: loan interest compounds monthly (annual rate ÷ 12). House price growth compounds annually from the starting property value. Figures rounded to the nearest pound.