What drives your repayment
A table mortgage repayment is built from the loan amount (price minus deposit), the interest rate and the term. Early payments are mostly interest; later ones mostly principal. A bigger deposit or a shorter term cuts the total interest substantially.
Common questions
Principal and interest on a table mortgage. It does not include rates, insurance or low-equity premiums.
Usually at least 20% to avoid a low-equity premium, though some lenders and First Home loans allow less. The calculator shows your deposit percentage.
Most Kiwis fix for 1–2 years, which is usually cheaper than floating. The default is a 2026 average — enter your quoted fixed rate for accuracy.