Comprehensive financial calculators to help you make informed mortgage decisions
Estimate how much you could borrow based on your income, expenses and deposit.
Property price you could afford
$500,000
$100,000 deposit + $400,000 loan
Loan your income could support
$707,256
Before your deposit is applied
Lenders usually need at least 20% deposit. You may be able to buy your first home with less than a 20% deposit, your options depend on your income, deposit, expenses and lender eligibility criteria.
Indicative only. Apply with Homely for personalised offers from multiple lenders.
Based on the same income and expenses, here's how much more borrowing a lower deposit could unlock. Your current selection is highlighted.
Apply once and get offers from multiple lenders. Free for home buyers.
The Homely Borrowing Calculator is provided for general information purposes only and does not constitute an offer of finance or financial advice.
The results shown are estimates based on the information you enter and on certain assumptions, including interest rates, repayment schedules, and deposit requirements. These assumptions may not reflect your full financial situation, such as other expenses, existing lending, or future changes in interest rates.
Homely does not provide home loans directly. The borrowing amounts and repayments estimated by this calculator are indicative only and remain subject to the lending criteria, terms, conditions, and fees of the lender(s) you choose to apply with. Actual borrowing eligibility and approval will be determined by the lender after a full assessment of your financial position.
Calculations are based on standard repayment methods and may vary slightly due to rounding, frequency of payments, or changes in rates and lending policies.
We recommend you seek independent financial advice before making decisions based on these results. For more information or if you need any help with the application, please contact the Homely team directly.
Know someone buying a home? Refer them through our referral app at refer.homely.co.nz and you'll receive $200.