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.

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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.

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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.

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What will my mortgage repayments be?

Work out your regular repayments and how quickly you could pay off your home loan.

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Why choose Squirrel for your mortgage?

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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.

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Better mortgage rates

We arrange over $3 billion of loans per year which gives us negotiating power and access to better rates.

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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

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Squirrel

We have access to more lenders than other brokers – and if you don't quite fit the bank's box we can step in with our own custom solution for you.

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.

First home buyers 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.

All articles

Close up of woman wearing a cosy sweater and holding a cup of tea

8 November 2024


NZ property market update - November 2024

By John Bolton

Between the US elections, and our final OCR announcement of the year in just a few weeks, November's shaping up to be a big one. Here's the latest from Squirrel founder, JB, on what's been happing with interest rates, the housing market, and wider economy over the last few weeks.

Close up image of a foot in a moon boot, with crutches resting across it

8 November 2024


Wellington property market update - November 2024

By Nick Virtue

Ahead of our final OCR announcement of the year, Squirrel mortgage expert Nick Virtue shares his views on what's been happening with interest rates, the wider economy, and the Wellington housing market over the last few weeks.

Close up of a young man holding a puzzle piece made from clear plastic up to the light

7 November 2024


Rodney’s Ravings: Is inaccurate Stats NZ measurement behind the puzzling resilience of household spending?

By Rodney Dickens

Despite consumer confidence falling to all time lows in recent years, the impact on household spending—as reported by Stats NZ—has been surprisingly muted. In his latest article, Rodney Dickens dives into the numbers to work out what's behind the puzzling results.

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

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See for yourself what our clients think with 1,447 five star reviews on Shopper Approved.

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Raj

New Zealand

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Jessica was/is absolutely a pleasure to work with. She works 100% for her clients, a no-nonsense person with precise recommendation. Thank You Jessica

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Jo

New Zealand

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Highly recommend Squirrel to sort out a mortgage with the banks takes the hassle out of going to separate banks with so much information they do the hard yards for you - Baz was a superstar and helped me all the way to my new home.

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Kat

New Zealand

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My Adviser Cade was so awesome!! He was very knowledgeable and made the whole process very easy for me. I am also really happy with the mortgage deal he got for me and how quickly everything was arranged and completed. Will definitely be using Squirrel again.

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Anonymous

New Zealand

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Very happy with Jessica Carr! Easy to talk to and always happy to answer questions.