Mortgage Repayment Calculator
How this calulator works
Firstly, please understand that the results provided by this tool are estimates only and so can not constitute financial advice. Interest rates, fees, and lending criteria vary by lender. For tailored advice please speak to your bank or a Mortgage Adviser (myself)..
This calculator estimate's the ongoing cost of servicing your mortgage depending on the amounts you enter and the interest rate applied. You can obtain up to date interest rates by viewing online from the bank websites, interest.co.nz/borrowing, or RightSize's bank mortgage rates table (which you can access from the Toolbox page).
You can also enter an amount for overpayments to see how many years it could shave off your mortgage. View the results on the second table for that, and please contact me if you would like to learn more on how to pay off your mortgage sooner..
Top tip: A good exercise to do is to enter a slightly higher interest rate to see what the cost might be if rates rise!
Your Repayment Amount is..
LVR Status
Year | Total Payments | Total Interest | Total Principal | Balance End of Year |
|---|---|---|---|---|
See how many years you could shave off your total mortgage by making over payments..
Year | Total Payments | Total Interest | Total Principal | Balance End of Year | Years Saved |
|---|---|---|---|---|---|
This calculator provides estimates only and does not constitute financial advice. Interest rates, fees, and lending criteria vary by lender. Please seek independent financial advice.