Mortgage Calculator - Calculate Your Repayments
Our calculator shows you what a mortgage costs, what your repayments will be weekly, fortnightly and monthly and the total costs of repaying your mortgage. Enter your loan amount, interest rate and loan length to determine what you need to pay and how much you can afford.
Updated 16 January 2025
How to use our mortgage calculator:
Important: Are you ready for a mortgage?
Our friends at LifeDirect Mortgages have a useful Mortgage Potential Calculator that gives you a clear snapshot of your borrowing ability in just a few clicks. Whether you're looking for a first home, refinance, moving home or an investment property mortgage, simply enter a few details, and you'll see:
It's easy to use, with clear visuals to help you understand your position. You do not need to enter any personal information.
- Enter the amount you wish to borrow ('Mortgage Amount')
- Slide or enter the number of years you want your mortgage ('Loan Length)
- Adjust the interest rate to match the market
- Select how you often you wish to make repayments - i.e. monthly, fortnightly or weekly
Important: Are you ready for a mortgage?
Our friends at LifeDirect Mortgages have a useful Mortgage Potential Calculator that gives you a clear snapshot of your borrowing ability in just a few clicks. Whether you're looking for a first home, refinance, moving home or an investment property mortgage, simply enter a few details, and you'll see:
- Your estimated borrowing amount
- Monthly, fortnightly, and weekly repayments
- Your deposit and income breakdown
- Tips to improve your mortgage readiness
It's easy to use, with clear visuals to help you understand your position. You do not need to enter any personal information.
Your Mortgage Calculator is Brought to You by LifeDirect MortgagesLifeDirect Mortgages, a trusted name in mortgage brokering across New Zealand, proudly supports this guide. We value LifeDirect Mortgages' commitment to helping New Zealanders secure the best home loan solutions, offering personalised advice tailored to your needs.
Whether you're a first-home buyer, looking to refinance, or exploring investment property options, LifeDirect Mortgages' experienced team makes the process simple, transparent, and stress-free. We proudly name them winners of our 2024 Editor's Choice for our favourite nationwide mortgage adviser. We encourage you to contact their friendly experts to discuss your mortgage needs - you can learn more about LifeDirect Mortgages with our detailed review or visit their website. |
Mortgage Calculator
Mortgage Amount
Mortgage Payment
Mortgage Amount
Total Interest
Total Cost
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Mortgage Amount
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Total Interest
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Total Cost
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Important: Our calculations are based on the assumption that you make the same fixed mortgage repayment for the entire loan period, the interest rate does not increase or decrease, you don't miss any repayment deadlines, overpay or underpay.
Video explainer
MoneyHub's Head of Research, Christopher Walsh, explains how our calculator works in the video below, as well as highlighting must-know facts and considerations:
Video explainer
MoneyHub's Head of Research, Christopher Walsh, explains how our calculator works in the video below, as well as highlighting must-know facts and considerations:
Ready to Re-Mortgage or Apply for a Home Loan?
Consider a Mortgage Broker - They Usually Save Time and Money
Mortgage brokers are popular and don't charge a fee. Their service goes beyond what a bank offers by comparing a number of lenders to find the best deal for your circumstances.
We've shortlisted top-rated mortgage brokers who go the distance for their clients in select cities around New Zealand:
Are you ready for a mortgage?
Our friends at LifeDirect Mortgages have a useful Mortgage Potential Calculator that gives you a clear snapshot of your borrowing ability in just a few clicks. Whether you're looking for a first home, refinance, moving home or an investment property mortgage, simply enter a few details, and you'll see:
It's easy to use, with clear visuals to help you understand your position. You do not need to enter any personal information.
We've shortlisted top-rated mortgage brokers who go the distance for their clients in select cities around New Zealand:
- Trusted Mortgage Brokers in Auckland
- Trusted Mortgage Brokers in Hamilton
- Trusted Mortgage Brokers in Tauranga
- Trusted Mortgage Brokers in Napier and Hastings
- Trusted Mortgage Brokers in Wellington
- Trusted Mortgage Brokers on the Kapiti Coast
- Trusted Mortgage Brokers in Christchurch
Are you ready for a mortgage?
Our friends at LifeDirect Mortgages have a useful Mortgage Potential Calculator that gives you a clear snapshot of your borrowing ability in just a few clicks. Whether you're looking for a first home, refinance, moving home or an investment property mortgage, simply enter a few details, and you'll see:
- Your estimated borrowing amount
- Monthly, fortnightly, and weekly repayments
- Your deposit and income breakdown
- Tips to improve your mortgage readiness
It's easy to use, with clear visuals to help you understand your position. You do not need to enter any personal information.
How much should I borrow to buy a house?
General practice suggests spending no more than 25% to 30% of your monthly pre-tax income on your mortgage. For example, if you earn $80,000 a year, that's around $1,667 to $2,000 per month. This leaves you money for essential expenses and everyday items, such as living costs, house repairs and insurance, council rates bills, utilities and any body corporate charges. Check our how much can I borrow mortgage affordability calculator for more details.
Your Mortgage Calculator is Brought to You by LifeDirect MortgagesLifeDirect Mortgages, a trusted name in mortgage brokering across New Zealand, proudly supports this guide. We value LifeDirect Mortgages' commitment to helping New Zealanders secure the best home loan solutions, offering personalised advice tailored to your needs.
Whether you're a first-home buyer, looking to refinance, or exploring investment property options, LifeDirect Mortgages' experienced team makes the process simple, transparent, and stress-free. We proudly name them winners of our 2024 Editor's Choice for our favourite nationwide mortgage adviser. We encourage you to contact their friendly experts to discuss your mortgage needs - you can learn more about LifeDirect Mortgages with our detailed review or visit their website. |
Related Resources - Mortgage Essentials:
Other Mortgage Options:
- Best Home Loans Offers
- How Much Can I Borrow?
- Mortgage Repayment Calculator
- Mortgage Options
- Mortgage Cashback
- Mortgage Break Fees
Other Mortgage Options: