Calculators for Kiwi buyers

Let's see what you could borrow

Friendly figures for a first home, a move, or an investment. Slide the numbers or type them, and the report appears straight away.

See what you could borrow Check usable equity

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Borrowing capacity

A DTI cap and a servicing test, updated as you go.

Short-stay

What a holiday let might clear

Nightly rate, occupancy, costs, and the haircut a bank is likely to apply.

Rental

Does a long-term let pay its way?

Yield, weekly cash flow, and a picture of value, debt, and profit over the years you hold it.

Deposit

When will you have the deposit?

Savings, KiwiSaver, and a house price that can keep rising, on one timeline.

Equity

How much could fund the next place

The gap under the LVR cap, and what that equity could gear as a deposit.

Break fee

Leaving a fixed rate

A straight-line break cost plus cashback clawback, so you know the cost of leaving early.

Budget

A household budget spreadsheet

Income, spending, a deposit goal, and a dashboard. Free to download, no email needed.

Owner-occupier 6× · investor 7×

Borrowing capacity

The number is a cap: the lower of the DTI ceiling and a 30-year loan at an 8.25% test rate. What is left after that payment updates as you go.

Household income

Gross yearly pay for everyone in the household, before tax and KiwiSaver. The model taxes that total across the number of earners you choose.

Dependents

People whose living costs this household covers, usually children. Each one adds $400 a month to the living-cost floor used in the test.

Other monthly debt

Repayments you already make each month, such as a car loan, credit card, or student loan. They reduce the money left for a mortgage payment.

Existing debt balance

The total still owed on those other loans. It uses up part of the debt-to-income cap, so the new mortgage has to fit in what is left.

Deposit or equity

Cash or equity you could put towards a purchase. It is kept with this scenario.

Target property

The purchase price you want to test this scenario against. The cap beside it is what the income can service, which may be above or below this price.

Household

Single uses a $1,800 monthly living-cost floor. Couple uses $2,700. Tax still follows the earners control.

Earners

How many people the household income is split across before tax. Two earners usually keep more than one person earning the same total, because each person gets the lower tax bands.

Application

Owner-occupier is capped at 6 times household income. Investor is capped at 7 times. That debt-to-income ceiling is one of the two limits in the report. Servicing at the test rate is the other.

Waiting on the first calculation