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.
Banks will often let you borrow more money than you can actually afford. Our home loan experts will help to give you an idea of how much you can afford to borrow.
And if you're looking to work out what your repayment amounts might be, check out our mortgage repayments calculator - it's easy to see how your repayments change based on loan size, rate or loan term.
How much can I borrow for a house?
Tell us a little about your financial situation and we'll work out how much you could borrow towards purchasing a home.
Work out your mortgage repayments
Want to know how your home loan repayments change if you adjust the loan amount, the interest rate or the loan term? Just pop your details into our quick mortgage repayment calculator below.
It'll show you your repayment amounts, how much total interest you'll pay over the life of the loan, and the difference between monthly or fortnightly repayments.
What will my mortgage repayments be?
Work out your regular repayments and how quickly you could pay off your home loan.
*This calculator is intended as a guide for illustrative purposes only and is not intended to provide financial advice. The results are based on the information you enter and assume that interest rates and loan terms remain constant for the duration of the loan. It does not account for fees, fluctuating interest rates, or changes to your financial situation over time. Please note that actual repayment amounts may differ and interest rates are subject to change. To talk to one of our team at Squirrel, contact us here. We recommend seeking financial advice about your situation and goals before making any financial decisions.
Why choose Squirrel for your mortgage?
Our advisers aren't incentivised
They get paid the same no matter which lender you end up with, so the only motivation is to make you better off.
Better mortgage rates
We write about $3 billion of home loans per year which gives us negotiating power and access to better rates.
Better technology
Our online application takes less than 10 minutes, and will help us focus on what's most important to you.
More banks, more choices
Our First Home Buyers Guide has everything you need to know
If you're planning on getting your foot in the door of the property market, everything you need to know about deposits, house prices and navigating the process is in our free digital guide.
Wondering about your deposit?
Basically, banks won't lend the full house price amount - 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.
Calculating your borrowing power
A mortgage calculator is a good place to start when starting to think about how much you can borrow. But there are lots of factors that come into play, and every situation is different. Here are a few things to consider.
Get schooled up so you can make smarter decisions.
The more you understand about borrowing for a house, the more likely you will be to make more informed decisions that work for you. We've written a few articles that we think you'll find helpful.
Watch the latest interest rates and property market updates
Watch our latest update on interest rates and the property market - covering house prices, the economy, the OCR and where mortgage rates might be heading.
When should I refinance my mortgage?
Refinancing hasn't always been a super popular option among Kiwi borrowers, put off by all the admin involved. But the benefits—like cashbacks and the chance to restructure your mortgage and other debts to get them working better for you—could mean it's well worthwhile. Here's what you need to know.
Rodney's Ravings: High unemployment isn’t the constraint on economic growth some would have you think
It's your classic chicken and egg conundrum, with an economic twist: which came first—rising unemployment or New Zealand's slow economic recovery? While some have blamed a weak labour market for the sluggish state of the economy, Rodney Dickens (and the data) says it's actually the opposite.
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.
Don’t just take our word for it
Madhu P
New Zealand
We've worked with Ange and the team at Squirrel more than once now, and every time they've been absolutely fantastic. This time was no different, they looked after us from start to finish with the same professionalism, attention to detail, and just the right amount of hustle behind the scenes to make everything run smoothly. What I appreciate most is how they take the stress out of the process. I just tell them what we're trying to do, and they take care of the rest: crunching the numbers, dealing with the bank, and coming back with a clear plan. It means we can focus on the bigger picture without getting bogged down in the details. Even with a few curveballs from the bank this time, Ange and her team kept everything on track and moving forward. We managed to get both the sale and the purchase done without any delays or issues, which is exactly what you want in these situations. When we think about getting a loan, we think about Ange and the team, and no one else. I genuinely don't want to deal with any other company. They've earned that level of trust.
Suzanne
New Zealand
Sudam was great to deal with. I had already met with another broker and hadn't been happy with the interaction. Sudam's approach was completely different - he was really nice to talk to, very clear about the options and process, and made the whole thing easy for us. Sudam communicated well throughout and we're very happy with the outcome of switching our mortgage.
Guy
New Zealand
Very easy to deal with.
James
New Zealand
Fantastic to deal with, makes everything very effortless and provides great advice