Borrowing Capacity Calculator

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

Our Borrowing Capacity Calculator is designed to provide you with a realistic estimate of how much you can borrow from a lender, tailored to your financial situation. It is a valuable tool for any Kiwi looking to enter the property market or considering a new home purchase.

Start by entering the amount you can put down as a deposit, followed by the interest rate you anticipate. Your preferred loan term is also a crucial input. With these details the calculator assesses how much you could comfortably afford to pay each week towards mortgage repayments. It offers insights not just for your initial affordability but also shows how increasing your weekly payments by 5%, 10% or 15% could enhance your borrowing capacity. This feature is particularly helpful in understanding how slight adjustments in your budget can significantly impact the value of the property you can afford.

Ideal for first-time buyers or those looking to upgrade, this calculator is a key tool in your home-buying journey, providing a clear picture of your potential in the New Zealand real estate market.