Can I afford to move or renovate?

Use this calculator to see if you can afford to renovate or trade up on your current home.

Get your mortgage application started

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Property details
Your current home's value$
Your current home loan balance$
How much more are you planning to spend?$
How much are you contributing (in cash)?$
Any additional costs to be covered by the loan
(legal, real estate expenses, valuation, moving)		$

Money coming in Person 1Person 2
Annual income before tax$
Other income annually
e.g. interest, dividends...		$

Money going out (monthly)
Current home loan payment$
Hire purchase payments$
Student loan payments$
Other loan payments$
Child support$
Rates and insurance$

Other commitments
Credit card total limits$
Overdraft limit$
Number of children/dependants 

Loan details
Will this be a single or a joint loan?
Term of loan

This calculator is intended as a guide only and may not necessarily reflect the individual needs or circumstances of a customer. The information and calculations generated are based on certain general assumptions, facts and calculation methods. Any minor variations in these factors may lead to significant changes in the end information and calculations generated. You should seek independent legal and financial advice before committing to any agreements. The information and calculations generated are for general information purposes only and by no means constitute an offer of finance by Westpac.

All applications for finance are subject to Westpac's applicable lending criteria. An establishment charge may apply. Lenders mortgage insurance premium may also apply for loans over 80% of the property value.The information on this page is presented subject to our legal page and any other terms and conditions that Westpac may impose from time to time. It is subject to change without notification.
Copyright©2011 Westpac New Zealand Limited