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 6 January 2027Ends 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 6 January 2027 — 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 is above the lowest advertised rate

$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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