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First home buyer calculator

Looking to get on the property ladder? Use this calculator to work out how much you may be able to borrow and compare different repayment scenarios. This calculator is aimed at first home buyers intending to live in the property.

Things to know about this calculator

*If you're a first home buyer, and you’re intending on living in the property, you'll usually need at least a 20% deposit. In limited circumstances you may be able to borrow with a 10% deposit but this is subject to loan-to-value ratio (LVR) restrictions.

***Your indicative debt-to-income (DTI) ratio is based on the details you've provided, and the amount you may be able to borrow. The debt calculation however doesn’t factor in any student or non-home loan debts as the calculator doesn't collect the outstanding balance of these debts. If you have this debt, it'll increase your DTI. Where you’ve provided overdraft, credit or store card limit details, these limits will be factored in the debt calculation.

Please note this calculator doesn’t apply DTI restrictions, therefore the amount you may be able to borrow may differ from the results displayed.

Repayment amount assumptions
  • **The interest rate selected remains the same for the loan term. Realistically, this interest rate is likely to change over the loan term.
  • You make all your repayments in full and on time.
  • You pay the minimum required, don’t make any additional lump sum payments or borrow more under the loan.
  • Your repayments are calculated on a ‘principal + interest basis’ for the loan term.
The calculator also applies
  • Affordability criteria – are based on the details you’ve provided. Please note the amount we can lend may differ from the results displayed. If you apply for a home loan, you’ll need to complete an application form, where you'll need to provide more detailed information. Without this information, this calculator uses assumptions and allowances to estimate the amount you ma be able to borrow.
  • Loan-to-value ratio (LVR) restrictions.

This calculator is intended to provide general information only and is based on the details you provide. It doesn’t take into account your personal financial situation or goals. Therefore this isn’t financial advice, nor is it a quote or an offer of finance from Kiwibank Limited.

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Home loan standard terms and conditions

Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.

Default interest rate may apply in the case of default.