Mortgage Repayments Calculator
Calculate your home loan repayments
Use the mortgage calculators below to see what your loan payments will be and how much quicker you can pay off your loan by increasing your payments. Contact one of our New Zealand Mortgage and Finance Specialists to help you with your loan application.
How it works
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.)
The default interest rates used in the calculator are for illustration purposes only. For an indication of current rates, visit interest.co.nz. Work with one of our specialists to see which lender can offer you the best rate and meet your lending needs.
Cost of the mortgage
Once you have entered in your loan details, 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.
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 a fee that you pay to access the lending amount. Interest payments are calculated based on the current loan amount and the interest rate that is offered from the lender.
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.