Free Mortgage Protection Calculator for New Zealanders
Mortgage protection cover pays a monthly amount if illness, injury or redundancy stops you working. The benefit is usually capped at the actual mortgage repayment so the loan keeps being serviced.
Your loan and details
$3,800
$
38 years
years
Indicative monthly premium
$58
cover for the mortgage repayment
Based on a monthly repayment of $3,800, age 38, 4 week waiting period, redundancy included.
Annual premium$696
Premium % of repayment1.5%
Annual benefit if claimed$45,600
About our Mortgage Protection Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.