First Home Calculator

Use our calculator to find out what assistance might be available to help you purchase your first home. See our FAQ’s to answer common questions or contact our friendly team with any queries you may have.

"*" indicates required fields

Number of Applicants*

Do you have dependants?*

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Household has no Dependants

Number of Dependants

Enter how many bedrooms you'd prefer*

Please enter a number from 2 to 3.

Person 1 Details

Annual Income*

Other Savings*

Kiwisaver Funds*

How many years have you been contributing to kiwisaver?*

Person 2 Details

Annual Income*

Other Savings*

Kiwisaver Funds*

How many years have you been contributing to kiwisaver?*

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Calculate Button

Calculate

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Grant, Income, and Savings Calculations

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Total Household Income

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Total Household Weekly Income

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Total Kiwisaver Funds

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Grant for Person 1

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Grant for Person 2

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Total Deposit

Including savings and any grants

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Property Value

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Mortgage Calculations - GROUP 1

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Group 1 Loan Amount

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Group 1 Mortgage Payments per Period

Formula: (P * (0.0545 / 12)) / (1 - (1 + (0.0545 / 12))^(-1 * 30 * 12) Key: P = Loan Amount (variable) r = Interest Rate (5.45%) t = loan term (30 years) n = number of payments per year (12)

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Group 1 Yearly Mortgage Costs

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Group 1 Annual Occupational Costs

Group 1 Annual Occupational Costs include: mortgage payments, rates, and body cooperate costs

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Group 1 Percentage of Affordability

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Mortgage Calculations - GROUP 2

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Group 2 Loan Amount

For Group 2 Programs, Shared Ownership Share (20% of property value) is subtracted from the mortgage

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Group 2 Mortgage Payments per Period

Formula: (P * (0.0545 / 12)) / (1 - (1 + (0.0545 / 12))^(-1 * 30 * 12) Key: P = Loan Amount (variable) r = Interest Rate (5.45%) t = loan term (30 years) n = number of payments per year (12)

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Group 2 Yearly Mortgage Costs

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Group 2 Annual Occupational Costs

Group 2 Annual Occupational Costs include: mortgage payments, rates, and body cooperate costs

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Group 2 Percentage of Affordability

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Mortgage Calculations - GROUP 3

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Bridge Land Share

Calculating the share of the property owned by Bridge

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Group 3 Loan Amount

50% of the property value is subtracted from the loan amount for Group 3 Programs

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Group 3 Mortgage Payments per Period

Formula: (P * (0.0545 / 12)) / (1 - (1 + (0.0545 / 12))^(-1 * 30 * 12) Key: P = Loan Amount (variable) r = Interest Rate (5.45%) t = loan term (30 years) n = number of payments per year (12)

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Group 3 Yearly Mortgage Costs

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Group 3 Annual Occupational Costs

Group 3 Annual Occupational Costs include: mortgage payments, rates, body cooperate and ground lease

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Group 3 Percentage of Affordability

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Max Income Threshold Brackets

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Max Income Threshold

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Results

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Qualification Rating for Group 1 Ownership Programs

This rating system assists with conditional logic for calculations. With a rating of 1 meaning they don't qualify (income is over max threshold), 2 meaning they could qualify (percentage of affordability does not meet requirements yet) and 3 meaning it seems they do qualify (percentage of affordability conditions are met).

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Qualification Rating for Group 2 Ownership Programs

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Qualification Rating for Group 3 Ownership Programs

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GROUP 1 PROGRAMMES

The size of your annual income means that you are ineligible our support programs, however you may be interested in purchasing a freehold property with us. Contact us to find out more.

Unfortunately your current deposit and annual income does not yet meet requirements for the following programs: Freehold with no Assistance, or First Home Loan. If you have any questions or queries, contact us. We would love to help. Continue reading to find out if you may apply for any of our other programs...

Freehold with No Assistance

Additional Deposit Required for Freehold with no Assistance

Freehold no Assistance - Approximate Weekly Occupational Costs

Based on this information, it appears you may meet the income and deposit requirements and you may be eligible to purchase a property freehold with no assistance. Contact us to find out more.

Based on this information, when you meet the deposit requirements you may be eligible to purchase a property freehold with no assistance. Contact us to find out more.

First Home Loan

Additional Deposit Required for First Home Loan Program

First Home Loan - Approximate Weekly Occupational Costs

Based on this information, it appears you may meet the deposit requirements and you may be eligible for our First Home Loan program. Contact us to find out more.

Based on this information, when you meet the deposit requirements you may be eligible for our First Home Partner program. Contact us to find out more.

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GROUP 2 PROGRAMMES

Unfortunately your current annual income is also not meeting the income/deposit requirements for the First Home Partner Program just yet. If you have any questions or queries, contact us. We would love to help.

First Home Partner

Additional Deposit Required for First Home Partner Program

First Home Partner - Approximate Weekly Occupational Costs

Based on this information, it appears you may meet the deposit requirements and you may be eligible for our First Home Partner program. Contact us to find out more.

Based on this information, when you meet the deposit requirements you may be eligible for our First Home Partner program. Contact us to find out more.

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GROUP 3 PROGRAMMES

Unfortunately your current annual income also does not yet meet income/deposit requirements for the following programs: Secure Homes, or Secure Home + First Home Loan. If you have any questions or queries, contact us. We would love to help.

Secure Home

Additional Deposit Required for Secure Home Program

Secure Home - Approximate Weekly Occupational Costs

Based on this information, it appears you may meet the income and deposit requirements and you may be eligible for the Secure Home Ownership program. Contact us to find out more.

Based on this information, when you meet the deposit requirements you may be eligible for the Secure Home Ownership program. Contact us to find out more.

Secure Home + First Home Loan

Additional Deposit Required for Secure Home + First Home Loan Program

Secure Home + First Home Loan - Approximate Weekly Occupational Costs

Based on this information, it appears you may meet the income and deposit requirements and you may be eligible for the Secure Home Ownership and First Home Loan program. Contact us to find out more.

Based on this information, when you meet the deposit requirements you may be eligible for the Secure Home Ownership and First Home Loan program. Contact us to find out more.

Secure Homes Programme

First home buyers may be eligible for our Secure Homes programme, which provides quality, affordable housing and security in the same way that freehold home ownership does.

Useful Links

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Accommodation Supplement

You may be eligible for funds to support your housing costs

Find Out More

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KiwiSaver

Find out how you can access your KiwiSaver

Find Out More

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Contact Us

Need more information? Contact us with any queries you might have