Mortgage Calculator
Calculate your monthly mortgage payments, total interest costs, and more with our free mortgage calculator.
Mortgage Calculator
Interest Rate Comparison
Results
Payment Breakdown
Current rates in New Zealand generally range from 4% to 7% depending on term length and bank.
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About Our Mortgage Calculator
Our mortgage calculator helps you estimate your monthly home loan repayments based on your loan amount, interest rate, and loan term. It also calculates the total interest you'll pay over the life of the loan and the total cost of your mortgage.
How to Use the Calculator
- Enter your loan amount using the slider or input field.
- Set your interest rate (the annual percentage rate offered by your lender).
- Choose your loan term in years (typically 15-30 years in New Zealand).
- The calculator will instantly show your monthly payment, total interest, and total cost.
Understanding Your Results
- Monthly Payment: The amount you'll pay each month toward your mortgage.
- Total Interest: The total amount of interest you'll pay over the life of the loan.
- Total Cost: The combined total of your principal (the amount borrowed) and interest.
Remember that this calculator provides estimates based on the information you provide. Actual loan terms and rates may vary based on your credit score, down payment, and current market conditions. For personalized advice, please consult with a financial advisor or mortgage broker.
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