Mortgage Repayments Calculator
Calculate your home loan repayments
Use our mortgage calculator to see what your repayments could be. Knowing what your repayments are can help you plan for the future and get you prepared for the cost of having a mortgage. Th resulting figures are the minimum regular repayments but there is room to make extra repayments to pay the loan off faster, subject to the lenders policies.
Choose the Calculator which suits your repayments
Input your actual or proposed loan values into the Mortgage amount field. Test different loan terms and interest rates to see how it can impact your minimum repayments.​
For more information on the calculator you can review How it Works below.
Monthly
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Fortnightly
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Weekly
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How it works
Repayment Frequency
Choose the calculator that matches your preferred repayment frequency which is either Monthly, Fortnightly or Weekly. Use the calculators to compare how different repayment frequencies and amounts will change the duration and cost of your desired loan. (Keep in mind, not all lenders allow weekly repayments).
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Interest Rate
The default interest rates used in the calculator are for illustration purposes only. For an indication of current rates, visit interest.co.nz. There may be discounts available below these advertised rates so check in with one of our advisers to see what's on offer. Try testing rates higher than what is available to give yourself long term confidence in making payments.
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Cost of the mortgage
Once you have entered in your loan details, minimum repayment figures will be produced showing the cost of your mortgage. The interest rate and duration dictate how much interest you will pay over the duration of the loan. The repayment amount shows how much the loan will cost you based on your repayment frequency. This is an estimate of the minimum, you may be able to make additional repayments above this.
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Minimum Payments
The final figure demonstrated the minimum payment that is required to be repaid given the repayment frequency. This figure is a combination of principal and interest. Principal payments reduce the actual loan amount. Interest payments are the banks charge for access the borrowed funds. Interest payments are calculated based on the current loan amount and the interest rate that is offered from the lender. As you can test, reductions in interest rates will save you money.
Disclaimer
This calculator is for information purposes only and does not provide financial advice. We recommend seeking financial advice about your situation and goals before getting a financial product. Get in touch with one of our specialists through our contact page.
This calculator provides an estimated amount and is for illustrative purposes only. The figures produced are for illustrative purposes and may differ from real life figures. It is based on the accuracy of the limited financial information provided by you and assumptions made by us. Results are based on amortised scheduled repayments with a constant interest rate for the term of the loan which will likely not reflect a real situation. This is not an offer of finance or demonstration of approval with any of our partnered lenders. Approval is subject to a successful lending application and financial situation.
The information collected in this calculator will not be saved to our systems and is only seen by you.