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.
Already have a mortgage? Our refinance calculator can help see how switching to another bank could save you a ton of interest, plus some extra cashback.
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.
*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 borrowing amount 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.
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.
Could you save by refinancing your mortgage?
Reviewing your mortgage - or switching to another bank - could save you thousands in interest, plus you may even unlock cashback.
Use our refinance calculator below to see how changing your interest rate or loan structure could affect your repayments and the total interest you pay over time. And if the numbers look good, it's worth chatting to one of our advisers to see what options might be available to you.
How much could I save by refinancing?
Pop in a few details about your current mortgage and we'll estimate how much you could save by refinancing.
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 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.
Wellington property market update – September 2026
Wellington's been up against a perfect storm of factors over the last little while—but there are still some positives out there, especially for first home buyers looking to get onto the property ladder. Here's the latest on the economy, housing market and the lead-up to the election from our resident Wellington mortgage expert, Nick Virtue.
Christchurch property market update - September 2026
There's an air of quiet confidence about the Canterbury housing market at the moment—with first home buyers continuing to be one of the most active buyer groups. Here's the latest on the Canterbury housing market and economy from our resident Christchurch mortgage expert, Nathan Miglani.
NZ property market update - September 2026
Our economic recovery is landing very differently across different parts of the country, but it definitely looks to be gaining steam. Here's the latest on what's been happening in the economy, with interest rates and across New Zealand's housing market 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
Crystal
New Zealand
My experience was great with squirrel. Professional and timely. Highly rated their service and would use again.
Anonymous Customer
New Zealand
Great communication and efficient processing
Tahlee
New Zealand
Sam was incredible and we honestly could not have done this without him. Highly highly recommend Sam & the squirrel team THANK YOU!
Brad
New Zealand
Great team and great advice