First-Home Buyer Calculator

This calculator is provided as part of our partnership with

Our First-Home Buyer Calculator is designed to simplify the process of estimating the costs of and saving needed to buy your first home. It provides you with detailed insights into the financial aspects of your homeownership journey.

Start by entering the purchase price of your desired property and the amount you have available for a deposit. The calculator then estimates the amount you'll need to borrow and the Loan to Value Ratio (LVR). Crucial details such as the term of the loan, the interest rate per year and your repayment frequency are factored in to give a comprehensive view of your loan repayment costs.

The calculator breaks down monthly and yearly loan repayment amounts, both with and without Mortgage Lenders Insurance (LMI). It also provides a clear picture of the principal versus interest ratio over the term of the loan, helping you understand the long-term financial implications of your mortgage.

In addition to loan repayment costs, the calculator includes associated property ownership costs, including council rates, insurance and maintenance costs. It even considers one-off costs associated with purchasing a property, like conveyancing fees and moving costs.

This tool is invaluable for first-home buyers in New Zealand, offering a detailed and realistic overview of the financial commitment involved in purchasing a home, ensuring you are well-prepared for this exciting new chapter.

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