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Mortgages

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Last Updated Sunday, May 12, 2019 - 8:41pm
Institute Product name Upfront Fees Advertised Rate Comparison Rate Payment Amount More Info
ASB Bank
36 month Special RateLVR <= 80% $150 3.95% 3.95% $1,187.05
Representative example: The advertised rate is 3.95%, so if you borrow $250,000 over 30 years you will pay $150 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,187.05 and you will pay $427,339.76 in total over the life of the mortgage
Westpac
Choices Fixed 3 years - special*LVR <= 80% $400 3.95%

Minimum of 20% equity, plus salary credit to a Westpac transaction account, to be issued prior to drawdown date. These special fixed interest rates cannot be used in conjunction with any other Westpac home loan offers or discount packages, including previously negotiated offers, legal fee contributions or the Westpac Choices Home Loan with Airpoints. These special fixed interest rates do not apply to loans for business or investment purposes.

3.96% $1,188.24
Representative example: The advertised rate is 3.95%, so if you borrow $250,000 over 30 years you will pay $400 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,188.24 and you will pay $427,766.85 in total over the life of the mortgage
Bank of New Zealand
Classic 3 yearsLVR <= 80% $400 3.99% 4.00% $1,194.00
Representative example: The advertised rate is 3.99%, so if you borrow $250,000 over 30 years you will pay $400 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,194.00 and you will pay $429,841.71 in total over the life of the mortgage
SBS Bank
36 months specialLVR <= 80% $400 3.99%

Rates are subject to change without notice. These rates can be booked with a $250 Booked Fixed Rate fee, terms and conditions may apply. These rates are only available for Residential and Residential Investing lending with a minimum of 20% equity (or greater when Residential Investing lending restrictions apply), Welcome Home Loan, or lending where QBE lenders mortgage insurance applies. Available to members with any level of existing lending with SBS Bank or requires new lending of at least $100,000. Not available with commercial or rural loans, or SBS Advance (Reverse Equity Mortgage) loans. Requires primary source of income paid into a SBS Bank transactional account. Welcome Home Loans are supported by Housing New Zealand, are for owner occupied homes only and owners must not own any other property. Specific lending and eligibility criteria and Standard Contract Terms for term Welcome Home Loans, Residential and Residential Investing Loans apply. 1% HNZC premium applies. Credit Fees and Charges may also apply. Copies of our Standard Contract Terms for term Welcome Home Loans, Residential and Residential Investing Loans and Credit Fees and Charges are available on request and free of change from any branch of SBS Bank or at sbsbank.co.nz.

4.00% $1,194.00
Representative example: The advertised rate is 3.99%, so if you borrow $250,000 over 30 years you will pay $400 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,194.00 and you will pay $429,841.71 in total over the life of the mortgage
Sovereign
Fixed 36 months special rateLVR <= 80% $0 4.05%

Sovereign loans are only available via a mortgage adviser, an application fee may be charged by the adviser

4.05% $1,200.76
Representative example: The advertised rate is 4.05%, so if you borrow $250,000 over 30 years you will pay $0 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,200.76 and you will pay $432,272.12 in total over the life of the mortgage
Kiwibank
3 year fixedLVR <= 80% $0 4.09% 4.09% $1,206.55
Representative example: The advertised rate is 4.09%, so if you borrow $250,000 over 30 years you will pay $0 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,206.55 and you will pay $434,356.61 in total over the life of the mortgage
The Co-operative Bank
Fixed - 3 years $350 4.15% 4.16% $1,216.96
Representative example: The advertised rate is 4.15%, so if you borrow $250,000 over 30 years you will pay $350 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,216.96 and you will pay $438,105.48 in total over the life of the mortgage
TSB Bank
3 Years Fixed SpecialLVR <= 80% $250 4.15%

You can make extra payments up to $10,000.00 per calendar year.

4.16% $1,216.47
Representative example: The advertised rate is 4.15%, so if you borrow $250,000 over 30 years you will pay $250 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,216.47 and you will pay $437,930.48 in total over the life of the mortgage
HSBC
3 year $400 4.39%

HSBC Premier qualification criteria applies (e.g. combined lending of NZD500,000 or more or NZD100,000 of savings and investments with HSBC).

4.40% $1,252.43
Representative example: The advertised rate is 4.39%, so if you borrow $250,000 over 30 years you will pay $400 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,252.43 and you will pay $450,873.59 in total over the life of the mortgage
ASB Bank
36 month $150 4.45% 4.46% $1,260.05
Representative example: The advertised rate is 4.45%, so if you borrow $250,000 over 30 years you will pay $150 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,260.05 and you will pay $453,618.89 in total over the life of the mortgage
Sovereign
Fixed 36 months $0 4.45%

Sovereign loans are only available via a mortgage adviser, an application fee may be charged by the adviser

4.45% $1,259.30
Representative example: The advertised rate is 4.45%, so if you borrow $250,000 over 30 years you will pay $0 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,259.30 and you will pay $453,346.88 in total over the life of the mortgage
TSB Bank
3 Years Fixed $250 4.65%

You can make extra payments up to $10,000.00 per calendar year.

4.66% $1,290.38
Representative example: The advertised rate is 4.65%, so if you borrow $250,000 over 30 years you will pay $250 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,290.38 and you will pay $464,537.20 in total over the life of the mortgage
ANZ Bank
3 years $500 4.69% 4.71% $1,297.68
Representative example: The advertised rate is 4.69%, so if you borrow $250,000 over 30 years you will pay $500 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,297.68 and you will pay $467,165.70 in total over the life of the mortgage
Bank of New Zealand
Standard/Fly Buys 3 years $400 4.79% 4.80% $1,312.25
Representative example: The advertised rate is 4.79%, so if you borrow $250,000 over 30 years you will pay $400 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,312.25 and you will pay $472,409.61 in total over the life of the mortgage
Westpac
Choices Fixed 3 years $400 5.19% 5.20% $1,373.43
Representative example: The advertised rate is 5.19%, so if you borrow $250,000 over 30 years you will pay $400 in Upfront Fees and no Monthly Fees. Your monthly repayment amount will be $1,373.43 and you will pay $494,433.80 in total over the life of the mortgage

Pages

Monthly payment amount is based on a $250,000 mortgage over 30 years. The amount takes into account Upfront Fees and Monthly Fees and is an indicative payment amount only.

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Comparison Calculations

The calculations for Monthly Payment Amount and Annual Comparison rate are based on a principal amount of $250,000 and a term of 30 years. These figures take into account the Advertised Interest Rate, Upfront Fees and any Monthly Fees. We calculate these figures as it gives our users a better way to compare each loan. All figures are indicative for comparison purposes only, they do not constitute a quote. Users who are looking to enter into a mortgage contract should seek an exact quote from a mortgage broker or from the institution directly.

 

Monthly payment amount is based on a $250,000 mortgage over 30 years. The amount takes into account Upfront Fees and Monthly Fees and is an indicative payment amount only. The Annual Comparison Rate (APR) takes into account the Advertised Interest Rate, Upfront Fees and any Monthly Fees. We calculate this as it gives our users a better way to compare each loan.

The Annual Comparison Rate (APR) takes into account the Advertised Interest Rate, Upfront Fees and any Monthly Fees. We calculate this as it gives our users a better way to compare each loan.