Mortgage Toolkit — by Mortgage Pundit
Deposit & LVR, repayments, and extra-payment strategies — all in one place.
Current RBNZ settings (as at July 2026, last eased 1 Dec 2025): Owner-occupier loans above 80% LVR (under 20% deposit) are "high-LVR" — banks can do this for up to 25% of new owner-occupier lending. Investor loans above 70% LVR (under 30% deposit) are "high-LVR" — capped at 10% of new investor lending. New builds are exempt. These are bank-wide caps, not a guarantee for any individual loan, and change periodically.
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Your LVR vs the high-LVR threshold
Indicative only, not a lending decision. Individual banks apply their own credit criteria on top of RBNZ settings and may decline or price high-LVR lending differently. Kāinga Ora First Home Loans (from 5% deposit) are exempt from these restrictions but have their own income and eligibility caps. Speak with Mortgage Pundit to confirm what's achievable for your situation today.
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Principal vs interest, over the full loan term
Principal (what you borrowed)
Interest (the cost of borrowing)
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Loan balance over time, with extra payments
Standard schedule
With extra payments
Figures are illustrative estimates only, not financial advice or a loan offer. Assumes a constant interest rate for the full term, equal payments each period, and no fees. The 1/6-of-monthly default extra payment is a rule of thumb for accelerating payoff — actual results vary with your interest rate.
