Home Loan Calculator NZ

Our free home loan calculator NZ helps you plan your property purchase in New Zealand. Whether you're buying your first home in Auckland, Wellington, or anywhere else in the country, this comprehensive tool provides accurate calculations for monthly repayments, borrowing capacity, and loan affordability.

The calculator supports multiple calculation modes to suit different needs. Use the repayment calculator to determine your monthly mortgage payments based on loan amount, interest rate, and term. The affordability calculator helps answer the question "how much can I borrow" by analyzing your income, expenses, and existing debts. For investors or those seeking lower initial payments, the interest-only calculator shows payments during the interest-only period and subsequent principal and interest payments.

First-time home buyers can take advantage of the first home loan calculator, which incorporates KiwiSaver contributions and the First Home Grant. This feature helps you understand how much deposit you can accumulate and how it affects your loan amount and monthly repayments.

Compare rates from major New Zealand banks including ANZ, ASB, Kiwibank, TSB, BNZ, and Westpac. You can also use Sorted's comparison rates or enter a custom interest rate. The calculator accounts for additional costs such as property tax, home insurance, and rates, giving you a complete picture of your monthly housing expenses.

All calculations include detailed payment schedules showing principal and interest breakdowns for each payment period. You can export these schedules to CSV for further analysis or record-keeping. The tool is designed to be mobile-friendly, so you can use it on any device whether you're at home, at a bank, or viewing properties.

Understanding your borrowing capacity is crucial when entering the New Zealand property market. Our affordability calculator uses conservative lending criteria typically used by NZ banks, considering your income, monthly expenses, existing debts, and dependents. This helps you set realistic expectations and avoid overextending yourself financially.

For those considering interest-only loans, the calculator shows how these loans work during the interest-only period and how payments change once principal repayment begins. This is particularly useful for property investors or those with irregular income who want lower initial payments.

The first home loan calculator is specifically designed for New Zealand's first home buyer programs. It helps you understand how KiwiSaver can be used for your deposit and how the First Home Grant can reduce your loan amount. This feature is especially valuable for those planning to purchase their first property in Auckland or other high-value markets.

Our home loan calculator NZ is regularly updated to reflect current interest rates and lending practices. While the calculator provides accurate estimates based on standard formulas, actual loan terms and rates may vary depending on your credit history, property location, and lender policies. Always consult with a qualified mortgage broker or lender for personalized advice tailored to your specific situation.