How to use this tool
1
Enter your House Price and Deposit — your loan amount and LVR will calculate automatically.
2
Select your Bank and Fixed Term — today’s rate will pre-fill. You can also enter a rate manually.
3
Set your Loan Term and Repayment Frequency to see your full cost breakdown.
Property Details
$
$
Loan Amount
$600,000
LVR
80.0%
✓ LVR ≤ 80% — you may qualify for special rates
Loan Setup
1 yr30 yrs
Interest Rate
%
Monthly Repayment
—
Enter your details to see your repayment
Loan Amount
—
Total Interest Paid
—
Total Cost of Loan
—
Calculation Details
Interest Rate:—
Mortgage Term:—
Frequency:—
LVR:—
Understanding your results
LVR (Loan-to-Value Ratio): Your loan as a percentage of the purchase price. Below 80% means a 20%+ deposit — most banks offer lower “special” rates at this threshold.
Special vs Standard Rates: When your LVR is ≤ 80%, the special rate toggle will appear automatically. Special rates can save thousands over the life of a loan.
Variable Floating: No fixed term — your rate can change at any time. Useful as a baseline comparison, but most Kiwis fix their rate for certainty.
Disclaimer: Rates are sourced from interest.co.nz and updated daily. This tool is a guide only and does not constitute financial advice. Repayments shown are principal & interest on a standard amortising loan. Contact your bank or a licensed mortgage adviser for a personalised quote.
