The above calculations, including the maximum loan amount and monthly repayment, are an estimate only and use debt servicing and other criteria commonly used by many New Zealand home loan lenders. Individual lenders may use different criteria.
In performing the above calculations, it is assumed that the interest rate, personal and other income does not change during the term of the loan. The calculations do not make allowance for personal debts or other commitments, or fees charged by an individual lender, as individual lenders may use different criteria. Actual interest rates may differ from the rates you select in this calculator. The amount of the deposit and credit history is subject to individual lending criteria and is not factored into the result of this calculation.
As most lenders apply a sensitivity margin of 1.5% to 2% to the interest rate when assessing repayment capacity, we recommend that you use an interest rate 2% higher than currently available to allow for this when using the calculator.
The information is intended to provide you with a guide of how much you may be able to borrow to buy a home. It does not constitute an offer for finance from AMP for a home loan and AMP attaches no guarantee to the result. Individual lenders will apply their own lending criteria and conditions to loan applications.
By specifying maximum and minimum interest rate parameters, AMP is making no prediction or approximation of actual or potential rates of interest. AMP is not liable for any loss or damage resulting from, or arising out of your access to or use of this calculator, or your reliance on any information obtained from this calculator.
All information you provide when using this calculator is protected by AMP’s comprehensive privacy and security policies and will not be distributed, saved or recorded.
This calculator should not be your only source of information when you are making financial decisions. Before taking out a home loan, we recommend you seek professional advice to ensure you choose the right home loan and structure for you.