Compare home loans calculator NZ

Free NZ mortgage tool

Compare two home loans NZ

Put two offers side by side. Include the rate, fees and any cash contribution to see which is cheaper over the time you’ll keep it.

Last reviewed

Indicative only

Your loan

Both offers use the same loan amount and term.

$
years
years

Usually the fixed term, or how long before any cash contribution clawback ends.

Offer A

% p.a.
$
$

Offer B

% p.a.
$
$

Cheaper offer

–

Offer A
Offer B

Net cost over the period

–

Offer A interest–
Offer A net cost–
Offer B interest–
Offer B net cost–

Net cost is interest paid over the period plus fees, minus any cash contribution. Clawback rules, break fees and rate changes are not included.

The lowest rate isn’t always the cheapest loan

Cash contributions usually come with a clawback if you leave within a few years, so compare over the time you’ll actually stay. Fees, package costs and how easily you can pay extra all change the real cost.

Read comparing home loan rates in NZ, or check this week’s ANZ, ASB, BNZ, Westpac and Kiwibank rates.

About this calculator

Built by Yatin Kainth, a Financial Adviser at Mortgage Sense in Hobsonville, Auckland, registered on the Financial Service Providers Register under FSP1007497. Advice is provided under the Mortgage Managers licence (North West Group Holdings Ltd, FSP682791). Results are indicative only and are not personalised financial advice. See the Disclosure Statement.

Want real numbers from real lenders? Book a free chat or see all the mortgage calculators.

Common questions

Is the lowest rate always the cheapest loan?

No. Fees, cash contributions and how long you keep the loan can outweigh a small rate difference.

How do cash contributions work?

Banks may pay a lump sum when your loan settles. If you leave within the clawback period, often three to four years, you repay some or all of it.

Can an adviser get a better offer?

Often. Advisers can ask several lenders at once, which tends to sharpen rates and contributions.