Buy now vs wait. What does a rate rise really cost?
Buyers often sit on the fence waiting for the "right time" but when interest rates are moving, time has a cost.
This tool lets you run the numbers yourself. Put in the purchase price you're considering, your deposit, and what a rate rise might look like, and you'll see exactly what waiting could cost you in real dollars every month, and across the full life of your loan.
The property market has always rewarded people who act on good information.
This is a good place to start.
If the numbers raise questions, get in touch. I'm happy to talk through your property plans in more detail.
And before you commit to anything, it's worth sitting down with a good mortgage broker to get genuinely clear on your own financial position first.
Buyers often sit on the fence waiting for the "right time" but when interest rates are moving, time has a cost.
This tool lets you run the numbers yourself. Put in the purchase price you're considering, your deposit, and what a rate rise might look like, and you'll see exactly what waiting could cost you in real dollars every month, and across the full life of your loan.
The property market has always rewarded people who act on good information.
This is a good place to start.
If the numbers raise questions, get in touch. I'm happy to talk through your property plans in more detail.
And before you commit to anything, it's worth sitting down with a good mortgage broker to get genuinely clear on your own financial position first.
Adjust the sliders to see how much extra you'd pay over the life of your mortgage if interest rates rise before you buy — on the exact same property at the same price.
Rates sourced from interest.co.nz · Major bank special rates (LVR <80%) · Calculations are indicative only and do not constitute financial advice.
