---
title: Do you pay interest on reverse mortgage?
description: "Yes, interest is charged on a [reverse mortgage](https://reversemortgageresourcecenter.com/reverse-mortgage/). The interest you pay depends on the type of reverse mortgage you have, the amount you borrow, and your interest rate. Although you do not make monthly payments on a reverse mortgage,…"
url: "https://reversemortgageresourcecenter.com/faqs/do-you-pay-interest-on-reverse-mortgage/"
updated: "2023-02-23"
category: Reverse Mortgage
---

# Do you pay interest on reverse mortgage?

Yes, interest is charged on a [reverse mortgage](https://reversemortgageresourcecenter.com/reverse-mortgage/). The interest you pay depends on the type of reverse mortgage you have, the amount you borrow, and your interest rate. Although you do not make monthly payments on a reverse mortgage, interest accrues on the loan.

[FAQ Do you pay interest on reverse mortgage? | Reverse Mortgage Resource Center](https://www.youtube.com/embed/zwdVZ-kBakw?list=PLIXdz9DLAFTC05MDPc_5QjKBB13v61zWS)

[![Do you pay interest on reverse mortgage?](https://reversemortgageresourcecenter.com/wp-content/uploads/2023/02/Do-you-pay-interest-on-reverse-mortgage.jpg)](https://reversemortgageresourcecenter.com/wp-content/uploads/2023/02/Do-you-pay-interest-on-reverse-mortgage.jpg)