Free tool

Mortgage Calculator

Calculate repayments, compare interest rates, and plan your home loan with our comprehensive mortgage suite.

Loan Details

Loan Tranches

Split your mortgage into multiple tranches with different interest rates. Each tranche can have its own amount and rate.

Amount

Interest Rate (%)

Loan Term (Years)

How long you'll take to pay off the loan. Longer terms mean lower monthly payments but more total interest paid.

Payment Frequency

How often you make payments. More frequent payments (weekly/fortnightly) can reduce total interest paid.

Extra Payment (Optional)

Additional amount you pay with each scheduled payment beyond the required amount. This dramatically reduces total interest and payoff time.

Lump Sum Payments (Optional)

Add one-time lump sum payments at specific dates. These extra payments will be applied to reduce your principal balance.

Even a 0.25% difference in interest rate can save thousands over the life of your loan. Compare offers from multiple lenders.

Making extra principal payments early in your loan can dramatically reduce total interest paid and shorten your loan term.

Remember to factor in insurance, rates, maintenance, and other homeownership costs beyond just your mortgage payment.

Apply for pre-approval before house hunting to understand your budget and strengthen your offers. Lock in rates when they're favorable.

Choose shorter loan terms or make bi-weekly payments to build equity faster. Consider refinancing if rates drop significantly.

Put down 20% or more to avoid private mortgage insurance (PMI). If you can't, plan to remove PMI once you reach 20% equity.

Learn the fundamentals of investing and how compound growth works over time.

Discover your investment personality and find the right KiwiSaver fund type.

See how your KiwiSaver grows year by year with interactive timeline charts.

Understand how management fees affect your retirement savings over time.

Understanding mortgages and investment basics can help you make better property decisions and build wealth through real estate more effectively.