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.
NZ property market update - October 2025
Could it be? Are things finally starting to turn a corner? With interest rates now firmly in stimulatory territory, and more green shoots starting to appear, things are feeling more positive out there. Here's the latest on interest rates, the economy and NZ housing market from over the last few weeks.
Christchurch property market update - October 2025
With interest rates down even further, and a healthy dose of spring optimism in the air, the Christchurch housing market has a renewed sense of energy about it this month. Here's the latest on what's been happening with interest rates, house prices and the broader Canterbury housing market in recent weeks.
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.
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
James
New Zealand
Fantastic to deal with, makes everything very effortless and provides great advice
Jason
New Zealand
Kyle was so helpful. Gave us ideas to restructure our mortgage we have not thought about. Very informative and professional! We will certainly use again and recommend his services.
Hayley
New Zealand
Amazing service, Matt made it easy, hassle free and was very efficient. He provided the best option to suit my requirements. Extremely happy with the service and will definitely use Squirrel again in the future.
Rutger K
New Zealand
Easy and straightforward. Had all my questions answered