Opes mortgage calculator vs sorted.org.nz vs Westpac vs ASB vs BNZ – which mortgage calculator should I use?
Sometimes subtle differences between calculators can mean that one is more user friendly than others.
So, because we went through them and had a play with each, here is our honest opinion on most of the main mortgage calculators in New Zealand.
BNZ mortgage calculator
This one we found to be the quickest to get started, but it has some issues you need to be aware of.
Like the ANZ calculator, this calculator is able to show you what you could save in interest if you made extra repayments and pulls through current interest rates.
And the results update automatically, which means you can instantly see the financial impact as you play around with the numbers. So we do think this one has one up on ANZ.
But again, the function is pretty basic. You can’t create a more complicated mortgage structure with different tranches or create different scenarios.
And you can’t create a more custom mortgage term; you can only set the mortgage term to 5-year increments for anything more than a 5-year term.