Mortgage calculators
If you're looking to find out how much you can borrow or what your mortgage repayments might be, you've come to the right place.
Banks will often let you borrow more money than you can actually afford. We’ll help to give you an idea of how much you can afford to borrow.
And if you are looking to work out what your repayments might be, check out our mortgage repayments calculator.
How much can I borrow for a house?
Tell us a little about your financial situation and we'll work out how much you could borrow towards purchasing a home.
Work out your mortgage repayments
Keen to know how your repayments will be affected by a change in the total amount of your mortgage, the term or the interest rate?
Just pop your details into our quick mortgage repayment calculator below and see how the payment amount is affected.
What will my mortgage repayments be?
Work out your regular repayments and how quickly you could pay off your home loan.
Why choose Squirrel for your mortgage?
Our advisers aren't incentivised
They get paid the same no matter which lender you end up with, so the only motivation is to make you better off.
Better mortgage rates
We arrange over $3 billion of loans per year which gives us negotiating power and access to better rates.
Better technology
Our online application takes less than 10 minutes, and will help us focus on what's most important to you.
More banks, more choices
Our First Home Buyers Guide has everything you need to know
If you're planning on getting your foot in the door of the property market, everything you need to know is in our digital guide.
Wondering about your deposit?
Basically, banks won't lend the full amount for a house - you need to be able to put down a deposit, and the more the better. You may be familiar with 20% as the magic number, but the reality is if you're in a strong financial position we can work with as little as 5% deposit.
Calculating your borrowing power
A mortgage calculator is a good place to start when starting to think about how much you can borrow. But there are lots of factors that come into play, and every situation is different. Here are a few things to consider.
Get schooled up so you can make smarter decisions.
The more you understand about borrowing for a house, the more likely you will be to make more informed decisions that work for you. We've written a few articles that we think you'll find helpful.
Rodney’s Ravings: NZ interest rates can still fall even if the Fed halts cuts
Movements in NZ interest rates have been relatively closely linked to those in US interest rates over the last five years. With the Fed scaling down plans for rate cuts, could it limit scope for NZ mortgage interest rates to fall further this year?
NZ property market update - February 2025
Between Trump's new trade tariffs and speculation around what will happen at our next OCR announcement on 19 February, there's plenty to discuss and dissect this month. Here's the latest on what's been happening with the New Zealand housing market, interest rates and the economy (both domestic and global) in recent weeks.
Wellington property market update – February 2025
Global economic uncertainty has placed a bit of a question mark over the future of New Zealand interest rates—but even so, our resident Wellington mortgage expert Nick Virtue, says 2025 is shaping up to be a year of gradual progress.
After a bit more information?
Talk to one of our mortgage experts about your home loan needs today. You can contact us via our website or just give us a call, 7 days a week and we'll be happy to chat. No pressure.
Don’t just take our word for it
Scott
New Zealand
Mayank was fantastic and a pleasure to work with.
Ashley Paice
New Zealand
Great experience and very happy with the service.
Jonny
New Zealand
Mayank has been great to deal with. Our mortgage is floating for the first few days and then we will fix next week since there's been an OCR cut. Mayank was really good at explaining things especially the option of setting up part of the mortgage with a revolving credit.
Anonymous
New Zealand
Excellent