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.
OCR & interest rates update - November 2024
The RBNZ has rounded out the year with a 0.50% OCR reduction on 27th November—taking the OCR from 4.75% to 4.25%. We take a look at what that means for fixed-term mortgage rates in NZ, and advice to borrowers who have been holding off fixing in anticipation of further cuts.
The way Kiwi manage our home loans is changing, and it’s helping to drive more competition in the mortgage market
It used to be that you'd just go straight to the bank to get your mortgage sorted—but these days, more and more Kiwi are turning to the expert advice of mortgage advisers. Here's how that shift is helping to create more competition in New Zealand's mortgage market.
NZ property market update - November 2024
Between the US elections, and our final OCR announcement of the year in just a few weeks, November's shaping up to be a big one. Here's the latest from Squirrel founder, JB, on what's been happing with interest rates, the housing market, and wider economy over the last few weeks.
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
Bede
New Zealand
We were very happy with our experience dealing with Sudam, he was very professional and did a lot of work applying with different banks. He went over and above hustling to get things sorted out when we had some unexpected complications and needed to get more documentation. We would definitely recommend Squirrel and especially Sudam.
Pip
New Zealand
Bianca was awesome to work with! She was super professional and happy to answer all my questions, explaining everything clearly. As a first-time home buyer, I really appreciated her help. I'd definitely recommend using Squirrel in the future!
Fraser Worthington
New Zealand
Aatish is excellent to deal with. Gave great advice and guidance through the process. A++, would trade again.
Mario
New Zealand
We dealt with Emma Wallace for our first home purchase and she was excellent. Emma is knowledgeable and very sensible, she gives the necessary information and makes things easy to understand. I would highly recommend Emma to anyone who looking to buy a property.