Advanced Mortgage Calculator

This calculator is provided as part of our partnership with Calculate.co.nz.

Understanding the full scope of your mortgage requires more than just a surface glance at the numbers. This Advanced Mortgage Calculator is a comprehensive tool designed to give you a deeper insight into your mortgage obligations, considering factors that can influence the overall cost of your loan.

• Detailed Cost Analysis: It provides a clear understanding of your mortgage per payback period, factoring in potential future interest rate changes.

• Additional Payment Options: The calculator highlights the benefits of making extra payments, demonstrating how even slight increases can significantly reduce your loan term and total interest paid.

• Amortisation Breakdown: A comprehensive amortisation schedule is available, detailing the proportion of each payment going towards the principal and interest across the loan term.

• Interest Rate Fluctuation Exposure: Gain insights into how different interest rates can affect your repayments, preparing you for potential rate changes.

When approaching a mortgage, it is essential to consider not just the basic repayments but also how additional payments, fluctuating interest rates and different payment frequencies can impact the total cost. This calculator is an invaluable resource for those seeking a more detailed analysis of their mortgage situation.

For those considering a property purchase, or evaluating their current mortgage strategy, this tool is not just about calculating numbers; it’s about empowering you with knowledge. You can visualise how your principal-to-interest payment ratio evolves over time and see the tangible effects of additional payments on your loan’s longevity and cost.

This calculator also serves as a reminder of the value of consulting with a mortgage adviser. An adviser can provide expertise in negotiating better interest rates, potentially leading to lower repayments and overall costs. To view our list of mortgage adviser partners click here.

While this calculator offers detailed insights, it assumes consistent loan terms and interest rates throughout the loan's duration and does not account for inflation or relative buying power. It's an excellent starting point for understanding your mortgage in-depth, but it is always advisable to consult with financial professionals for personalised advice and to re-evaluate your position using this tool every few years.

Embrace this tool as part of your financial planning toolkit. It is designed to provide clarity and confidence as you navigate the complexities of mortgage management in New Zealand.