Mortgage Affordability Calculator

Use our innovative calculator to find out what you might be able to afford, what your repayments might be, and even customised tips and property suggestions that fit your budget and preferred location (powered by TradeMe).

I'd like to


I am currently

and earn $

per year.

The second applicant is currently

and earns $

per year.

{{hasJointApplicant.value ? "We" : "I"}} have saved $

for the deposit.

{{hasJointApplicant.value ? "We" : "I"}} have been {{hasJointApplicant.value ? "members" : "a member"}} of KiwiSaver for

{{kiwisaverMembership.value > 1 ? "years" : "year"}}.

{{hasJointApplicant.value ? "We" : "I"}} save approximately $

per month.

{{hasJointApplicant.value ? "Our" : "My"}} existing monthly expense on accommodation (rent or mortgage) is $

per month.

My preferred location is .


Ok, let's take a look.

We think you can afford a property worth {{results.propertyValue | currency: "$" : 0}}, based on your deposit of {{deposit | currency: "$" : 0}} and a mortgage of {{results.calculationResults.loanAmount | currency: "$" : 0}}.

Your monthly repayments on today's lowest* fixed interest rate of {{results.lowestFixedRate.rate}}% would be {{results.calculationResults.repayments | currency: "$" : 0 }}, which is {{results.calculationResults.repayments > accommodationExpense ? 'more' : 'less'}} than your existing rent/mortgage expense of {{accommodationExpense | currency: "$" : 0}}. This is assuming a mortgage term of 30 years, and the interest rate remains the same throughout the mortgage term.

*Based on lenders compared by Mortgage Hub. Rates are updated on a regular basis, however we do not guarantee the timeliness of the rates displayed.

Because you have been a KiwiSaver member for over 3 years, you may be eligible for a KiwiSaver HomeStart Grant, or withdrawal to help with the deposit.

The KiwiSaver HomeStart grant is eligible for KiwiSaver members who have been part of a KiwiSaver scheme, complying fund or exempt employer scheme for at least three years. Unfortunately, because you have only been a KiwiSaver member for {{kiwisaverMembership.value}} years, you may not be eligible.

Learn more about the KiwiSaver HomeStart Grant

Banks like to see consistent income and employment, so being employed full time will help.

Banks like to see consistent income and employment, so you might need to have your business' financials in order to show to the bank or broker.

Banks like to see consistent income and employment. This means that they generally like to lend to people in full-time employment. Speak with the bank or a broker about your best options, or look for full-time employment on Trade Me.

The results provided here are purely for informational purposes, and should not be taken as financial advice. If you want to have a no cost, no obligation chat with an expert, submit a loan enquiry to one of our partner brokers today.

Here are some properties around {{}} that might fit your budget

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