Working calculator — includes future drawdown — 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

Future drawdown

Optional. Leave amount at 0 to run the illustration without a drawdown. The drawdown accrues at its own rate from the year it's taken; the voluntary payment above applies only to the initial loan.

Plan year taken

Amount (£)

Interest rate — MER (%)

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) for the initial loan and, separately, for any future drawdown, each at its own MER. A drawdown taken in plan year N is added to the balance at the end of that year and starts accruing interest the following month. House price growth compounds annually from the starting property value. Loan Balance shown is the initial loan plus drawdown combined. Figures rounded to the nearest pound.