Mortgage Interest Rate Comparison Calculator

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

Our Mortgage Interest Rate Comparison Calculator is an invaluable tool for providing clarity on how different rates affect your mortgage repayments.

Start by entering the property price and your loan deposit as a percentage. Next, enter the mortgage rate you are considering. The calculator works for various loan terms up to 30 years, showing how the interest rate influences the cost of the mortgage over different periods.

You can compare repayments for 5, 10, 15, 20, 25 and 30 years, helping you understand how the length of the loan affects the rate and total repayment amount. This feature is particularly useful for weighing up shorter-term higher repayments against longer-term lower repayments.

Whether you’re a first-time homebuyer or looking to refinance, this tool helps you navigate the complexities of mortgage rates in New Zealand. By comparing different scenarios, you can choose a mortgage that aligns with your financial situation and long-term goals, ensuring you make the best decision for your future.