Mortgage

Your home loan, how it pays down, and what a refix could look like

Kea Bank mortgage

Kea Bank

Fixed
Balance
$950,000
Interest rate
5.59%
p.a.
Repayment
$2,715
a fortnight
Remaining term
25 years

Fixed until 22 November 2026Ends in 60 days

How the loan pays down

Modelled on your recorded repayment.

Balance of your Kea Bank mortgage starts at $950,000 and reaches $0 by Year 25, with $814,176 of interest paid in total.

Remaining balance over time
Cumulative principal vs interest paid

Early repayments are mostly interest; the gap between the lines is the balance still owing.

Refix insight

Your fixed rate of 5.59% p.a. runs until 22 November 2026 — ends in 60 days.

Rates as at 1 August 2026

Comparable advertised rates — eligibility not assessed

Comparable advertised rates by fixed term — eligibility not assessed
TermLowest advertisedRateFortnightly repaymentvs now
6 monthsMoa Mutual Special5.15%$2,600−$114
1 yearMoa Mutual Special4.95%$2,549−$166
2 yearsMoa Mutual Special4.79%$2,508−$206
3 yearsMoa Mutual Special4.89%$2,534−$181
5 yearsMoa Mutual Special5.29%$2,636−$78

Repayments are the minimum over your remaining term at each rate; at your current rate that minimum is $2,715 a fortnight.

If you moved to the best comparable — Moa Mutual Special 2 years at 4.79%

Now
$2,715 a fortnight
At the comparable rate
$2,508 a fortnight
  • Over the next 24 months: about $15,124 less interest than staying at your current rate
  • Break-even: immediately — no switching costs are assumed, so every month at the lower rate is ahead

Switching costs are assumed to be $0 — add your lender's break fee, legal costs and any cashback clawback before deciding.

Assumptions
  • These figures are estimates under the stated assumptions, not guarantees or financial advice
  • Current rate of 5.59% p.a. and new rate of 4.79% p.a. held constant over the comparison horizon
  • Costs are compared over a 24 month horizon
  • Each path re-amortises at its own rate over the remaining 300 month term, on the minimum computed repayment
  • The comparison counts interest only — the two paths end the horizon at different principal balances (the switching path is typically further ahead)
  • Eligibility and lender criteria are not assessed

Pay it off faster

See what extra repayments would do. Estimates on the modelled loan, not a promise.

Adjusting scenarios is available with a free account.

$0
$

Applied with your next repayment.

Interest saved
$0
Paid off
No change
Total interest
$814,176
over the remaining term

  • These figures are estimates under the stated assumptions, not guarantees or financial advice
  • Interest rate of 5.59% p.a. held constant
  • Repayments modelled at your recorded $2,715 a fortnight (the minimum over the remaining 300-month term would be $2,714.59)

Flagged for this mortgage

Dismiss cards on the dashboard — dismissals live there.

InformationHigh confidence

Your fixed rate ends in 60 days

OpportunityMedium confidence

Your Kea Bank mortgage rate looks above the market

$7,583estimated

Covers your mortgage and refix options. This prompt includes a summary of your figures. It goes to whichever AI you paste it into, not to Fat Pocket.

Preview prompt
Using my Fat Pocket tools, look at my mortgage refix options — the summary below is a starting point, the tools have the detail. I'm in New Zealand. My fixed-rate mortgage has a balance of about $950,000 at 5.59% p.a., with about 25 years remaining. The fixed term ends in 60 days. The lowest comparable advertised 24-month fixed rate I can see is 4.79% p.a. — eligibility isn't assessed. Walk me through the trade-offs of refixing with my current lender, refinancing to another lender (including break fees, cashback clawback and legal costs), or floating for a while, and what I should ask my current lender before deciding. State your assumptions, give ranges rather than single figures, and don't promise or guarantee any outcome — this is general information, not personalised financial advice.

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