NZ 🏠 Home Loan Calculator
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Gross Annual Income ($)
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Total income before tax (salary, wages, bonuses). Banks require 3-6 months payslips.
Available Deposit ($)
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Cash saved for purchase. Minimum 5% deposit needed, 20% for better rates/no low equity fees.
Target Property Value ($)
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Purchase price or estimated value. Used for Loan-to-Value Ratio (LVR) calculation.
Existing Debts (monthly) ($)
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Total monthly payments for credit cards, loans, etc. Banks assess these for mortgage serviceability.
Monthly Living Expenses ($)
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Monthly costs (groceries, utilities, transport, etc.). Banks use declared or benchmark figures.
Current Interest Rate (%)
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Current mortgage rate. Varies by bank/loan type. Calculator stress tests at +2.5%.
DTI Limit (Income Multiple)
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Debt-to-Income ratio limit (e.g., 6-7x income). Limits borrowing based on income.
6x Income
6.5x Income
7x Income
Loan Term (Years)
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Length of the mortgage in years. Longer terms mean lower monthly payments but more interest paid overall.
15 Years
20 Years
25 Years
30 Years
35 Years
Calculate Maximum Loan
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Loan Assessment Results
Assessment Details
Weekly
Loan Balance Over Time
How Repayments Are Calculated