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Mortgage Calculators

If you're looking to find out how much you can borrow or what your mortgage repayments might be, you've come to the right place. 

Give our mortgage calculators a whirl.

Piggy bank with a calculator

This will take about 30 seconds

Banks want to lend to you. That's how they make their money. This means they'll often let you borrow more money than you can actually afford. We’ll help to give you an idea of how much you can afford to borrow. Simply enter a few basic details into this handy mortgage calculator.

Already know how much you can borrow but keen to know how your repayments will be affected by a change in the total amount of your mortgage, the term or the interest rate? Just pop your details into our quick mortgage repayment calculator below and see how the payment amount is affected.

How much can I borrow for a house?

We'll quickly work out how much you could borrow towards purchasing a home, just tell us a little about your financial situation.

Is this a joint app?
Annual Income (before tax)
This field is required*
Number of children under 18
Monthly school/childcare costs
Number of vehicles

What will my Mortgage repayments be?

Work out your regular repayments and how quickly you could pay off your home loan.

Borrow Amount
This field is required*
Interest Rate
This field is required*

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We work with all the major banks

Why choose Squirrel for your mortgage?

Advice you can trust

Our experienced brokers aren't paid on commission, which means our advice is reliable and unbiased

Simplify things

It might seem like a minefield of jargon but it doesn’t have to be.

Save money

Having the right home loan solution in place will save you thousands.

Wondering about your deposit?

Getting your ducks in a row

Basically, banks won't lend the full amount for a house - you need to be able to put down a deposit, and the more the better. You may be familiar with 20% as the magic number, but the reality is if you're in a strong financial position we can work with as little as 5% deposit. Most people will need around 10% deposit, and if you can fork out a whopping 20%, you'll access the banks' most competitive rates and avoid low equity fees

The banks' appetite for lending more than 80% has been increasing recently which is excellent for first home buyers. In January 2018 the RBNZ (Reserve Bank of New Zealand) loosened their rules, and then again in January 2019 to allow 20% of total lending for owner-occupied houses with less than a 20% deposit.

Bank of mum and dad

If you're eager to put down a 20% deposit but don't have enough, the easiest and cheapest way is to use your parents to guarantee that part of your 20% deposit you don’t have.

Their guaranteed portion will be secured over their property or it can be secured over a term deposit, so you're not asking them to fork out cash, it's more like putting a 'hold' on their existing equity until you've paid that portion back.

In the event they use a term deposit as security, the term deposit stays in your parent’s name and they continue to earn interest on it. Guaranteed home loans are treated the same as loans under 80% so you get great interest rates, there are no fees, and you’ll even get a cash contribution from the bank. On a loan size of $400,000 you will save around $10,000 using this option. Using a guarantor makes strong financial sense, even if you can go it alone.

After a bit more information?

Talk to one of our mortgage experts about your home loan needs today. You can contact us via our website or just give us a call, 7 days a week and we'll be happy to chat. No pressure.