This calculator works out how much you can pay for a house. It figures out how large a mortgage your deposit and your payment capacity will support. You should be conservative when adding those two numbers because you need to allow for some sensible headroom in case unexpected things happen. And also don't forget the bank will apply a 'serviceability test' of their own, usually by checking you could still make the payments if the interest rate rose by a full +2%. You can do that in this calculator too.

It is here as part of our partnership with Calculate.co.nz.