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Mortgage repayment calculator

If you don't have a mortgage and want to know how much one could cost you, use this calculator to find out what your repayments could be and how long it could take to pay it off.

Mortgage one
$

The amount you plan to borrow. (The full cost of the property less your deposit.) If your mortgage is split between fixed and floating, put your fixed amount here. And use 'Mortgage two' for the floating amount.

Only borrow what you really need and can afford to repay.

How your mortgage will be structured.

Fixed - you pay a fixed interest rate for an agreed amount of time.

Floating - you pay a rate which can change, sometimes called a 'variable' rate.

If you plan to have a mix of fixed and floating, put your fixed amount here, and your floating amount in 'Mortgage two'.

Talk to a lender or broker to discuss the best mortgage structure for you.

 
%

The interest rate you pay on the amount you borrow.

Visit www.interest.co.nz for current interest rates.

You can find current interest rates from lenders eg. banks learn more about interest rates (opens in a new window)

How often you make your repayments.

You'll save on interest if your repayments are fortnightly rather than monthly.

New mortgages are often based on a 25 or 30 year term. But you can choose a shorter timeframe.

The shorter the mortgage term, the less interest you pay.

Minimum
repayment
amount

The lowest repayment required to pay this mortgage within the term.

Make your repayments as high as you can afford. Check your budget with the Money Planner.

$ --

fortnightly

Total you will pay

$--

The amount you borrow plus the total interest you will pay.
Including interest of

$--

Time to repay

-- years

Age repaid by

--

 

Want to
save money?

$

Move the slider to see how an increase in repayments can reduce the amount you pay and clear your mortgage faster.

Saves you

$--

Total you will pay

$--

Including interest of

$--

Time to repay

-- years

Age repaid by

--

Mortgage two
$

The amount you plan to borrow. (The full cost of the property less your deposit.) If your mortgage is split between fixed and floating, put your fixed amount here. And use 'Mortgage two' for the floating amount.

Only borrow what you really need and can afford to repay.

How your mortgage will be structured.

Fixed - you pay a fixed interest rate for an agreed amount of time.

Floating - you pay a rate which can change, sometimes called a 'variable' rate.

If you plan to have a mix of fixed and floating, put your fixed amount here, and your floating amount in 'Mortgage two'.

Talk to a lender or broker to discuss the best mortgage structure for you.

 
%

The interest rate you pay on the amount you borrow.

Visit www.interest.co.nz for current interest rates.

You can find current interest rates from lenders eg. banks learn more about interest rates (opens in a new window)

How often you make your repayments.

You'll save on interest if your repayments are fortnightly rather than monthly.

New mortgages are often based on a 25 or 30 year term. But you can choose a shorter timeframe.

The shorter the mortgage term, the less interest you pay.

Minimum
repayment
amount

The lowest repayment required to pay this mortgage within the term.

Make your repayments as high as you can afford. Check your budget with the Money Planner.

$ --

fortnightly

Total you will pay

$--

The amount you borrow plus the total interest you will pay.
Including interest of

$--

Time to repay

-- years

Age repaid by

--

 

Want to
save money?

$

Move the slider to see how an increase in repayments can reduce the amount you pay and clear your mortgage faster.

Saves you

$--

Total you will pay

$--

Including interest of

$--

Time to repay

-- years

Age repaid by

--

Mortgage three
$

The amount you plan to borrow. (The full cost of the property less your deposit.) If your mortgage is split between fixed and floating, put your fixed amount here. And use 'Mortgage two' for the floating amount.

Only borrow what you really need and can afford to repay.

How your mortgage will be structured.

Fixed - you pay a fixed interest rate for an agreed amount of time.

Floating - you pay a rate which can change, sometimes called a 'variable' rate.

If you plan to have a mix of fixed and floating, put your fixed amount here, and your floating amount in 'Mortgage two'.

Talk to a lender or broker to discuss the best mortgage structure for you.

 
%

The interest rate you pay on the amount you borrow.

Visit www.interest.co.nz for current interest rates.

You can find current interest rates from lenders eg. banks learn more about interest rates (opens in a new window)

How often you make your repayments.

You'll save on interest if your repayments are fortnightly rather than monthly.

New mortgages are often based on a 25 or 30 year term. But you can choose a shorter timeframe.

The shorter the mortgage term, the less interest you pay.

Minimum
repayment
amount

The lowest repayment required to pay this mortgage within the term.

Make your repayments as high as you can afford. Check your budget with the Money Planner.

$ --

fortnightly

Total you will pay

$--

The amount you borrow plus the total interest you will pay.
Including interest of

$--

Time to repay

-- years

Age repaid by

--

 

Want to
save money?

$

Move the slider to see how an increase in repayments can reduce the amount you pay and clear your mortgage faster.

Saves you

$--

Total you will pay

$--

Including interest of

$--

Time to repay

-- years

Age repaid by

--

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