Mortgage Calculators.

The more you know, the less you stress.

Crunching the numbers to make it work.

Whether you need a mortgage calculator to work out your borrowing power, loan repayments or some help budgeting to work out what you can afford, you’ll find them here. Start with the budget planner, then assess your borrowing power and finally work out what your mortgage repayments would be.
Budgeting is the best way to steer your finances, stay in control and prepare for managing your mortgage.
Work out how much you could borrow based on some quick questions about your current financial situation
Get an estimate of what your repayments could be, based on your mortgage amount, term and interest rate.

Why use a mortgage calculator?

Even if you’re a finance whizz, using a mortgage calculator saves time and ensures a higher degree of accuracy.

Mortgage calculators help you to understand how much a mortgage really costs, including total interest paid over the loan’s term. You can use them to calculate repayment amounts, which can be applied to your budget. And you can also use them to experiment with numbers by varying loan amounts, interest rates and loan terms. It’s always enlightening to try out ‘what if’ scenarios by increasing repayment amounts or reducing terms.

What could impact my repayments?

If you’re thinking about having all or some of your mortgage on a floating interest rate, your repayments will be affected by ups and downs in the OCR (official cash rate).

A mortgage calculator can let you see how these interest rate moves could impact your repayments.

It’s always good to be prepared for worst-case scenarios, like a significant interest rate hike that pushes your repayments up. You can also see what happens with a best-case scenario, where rates drop, causing a reduction in repayments.

Check out the latest mortgage rates.

Are you on the best mortgage rate? See a daily snapshot of the advertised rate from many of New Zealand’s top lenders. The rates have been grouped into different lender types. You can also sort the entire list of options by rate.

Buying your first home?

Purchasing a first home can be one of the most exciting but also challenging times of our lives. Finding and being approved for the correct mortgage can be complex and stressful – even for a seasoned property investor. We are here to help.

Visit the Learning Centre.

Visit our Learning Centre for carefully-researched articles that are relevant to your situation. Our resources are organised into categories – first home buyer, next home buyer, property investing, refinancing, building and general news. Authors include independent economist Tony Alexander and experts from the NZ home loan industry.
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