Mortgage Repayment Calculator
Find out how much your monthly mortgage repayments will be with our trusted Mortgage Repayment Calculator
Updated 16 January 2025
Summary
- When you take out a mortgage, you repay it over a fixed number of years in equal installments. Part of each payment goes toward the loan principal, and part goes toward interest.
- Our Mortgage Repayment Calculator shows exactly how much money you pay in principal and interest over time, and most importantly, what you'll pay each month in total.
- 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:
Your Mortgage Repayment 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. |
|
Using the calculator
Simply insert:
Simply insert:
- Your Loan Amount (current mortgage balance), and
- The Term (how many years your mortgage is for), and
- The Interest Rate you pay, and
- The Start Date of your loan
Mortgage Repayment Calculator
464.84
Monthly Mortgage Repayment
Over 120 Payments
Total Interest
Pay-off Date
Mortgage Repayment Schedule
Annual Mortgage Repayment
Monthly Mortgage Repayment
Our calculations are based on the assumption that you make the same fixed mortgage repayment for the entire repayment period, the interest rate does not increase or decrease, you don't miss any repayment deadlines, overpay or underpay.
Ready to make your move? Our best mortgage rates guide has the latest home loan deals from the banks.
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.
Mortgage Essentials:
Other Mortgage Options:
Ready to make your move? Our best mortgage rates guide has the latest home loan deals from the banks.
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.
Mortgage Essentials:
Other Mortgage Options:
