Free Rates & Insurance Affordability Calculator for New Zealanders
Total housing cost extends well beyond the mortgage. Rates and insurance can add $7,000-$10,000 a year on top. The common affordability benchmark is to keep total housing under 30% of gross income.
Your housing cost
$4,500
$
$3,200
$
$36,000
$
$90,000
$
Housing as % of income
48.6%
over the 30% healthy threshold
Based on $43,700 of housing cost on $90,000 gross income.
Rates$4,500
Insurance$3,200
Mortgage payments$36,000
Total annual housing$43,700
30% healthy threshold$27,000
About our Rates & Insurance Affordability 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.