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. We’ll help to give you an idea of how much you can afford to borrow.
And if you are looking to work out what your repayments might be, check out our mortgage repayments calculator.
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
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.
What will my mortgage repayments be?
Work out your regular repayments and how quickly you could pay off your home loan.
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 arrange over $3 billion of 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 is in our digital guide.
Wondering about your deposit?
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.
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.
NZ property market update - May 2025
The key takeaway this month? It's a bit of a mixed bag out there right now—but, even with the global situation (which all feels pretty scary and uncertain) it's not all bad news. Here's the latest on what's been happening with interest rates, the New Zealand housing market, and the domestic and global economy.
Wellington property market update - May 2025
While first home buyer activity is picking up, conditions are still challenging for sellers—and those looking to upgrade are having to be careful about how they juggle the buying and selling process. Here's the latest on Wellington's property market, and interest rates, from our Wellington mortgage expert, Nick Virtue.
Rodney’s Ravings: How Trump’s trade war could help boost the housing market
The not-so-good news: US trade wars look set to tip the global economy into a period of low-growth over the next few years. The upside: NZ interest rates could drop further than expected in the coming months as a result, helping to bring some life back to the housing market.
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
Anonymous
New Zealand
Excellent
Peter
New Zealand
Shiva was amazing, this process was so so simple, so much better than direct with the bank. Thanks
CJ
New Zealand
Dealing with Brad was excellent; he has provided great advice, he is a clear communicator, and has saved us money. We are already working on another refinance with Brad. Cheers Brad/Squirrel!
Richard C
New Zealand
Responsiveness and knowledgeable!