Home Loan Calculator

Calculate your mortgage payments and see how much you can borrow. Real rates from all major NZ banks.

Advanced Mode

Calculate based on property value and deposit

Loan Details

$500,000
$50,000$2,000,000

How much you want to borrow

30 years
1 years30 years

Length of the loan

6.50%
3.00%10.00%

Annual interest rate (indicative)

Payment Frequency

More frequent payments can save you interest over time

Your Monthly Payment

Principal + Interest

$3,160/month
Loan Amount
$500,000
Interest Rate
6.50%
Loan Term
30 years

Total Cost

Total Payments$1,137,722
Total Interest$637,722
Interest as % of Loan127.54%

Ways to Save

Pay weekly/fortnightly instead of monthly to save interest
Make extra payments when possible - even $50/week adds up
Consider a shorter term to save on total interest
Review your rate annually - refinancing could save thousands