How does MyRateCheck calculate my mortgage savings?

We compare your current loan against the lowest current market rate for your fixed term, then run a month-by-month amortisation showing the interest and time saved, including any cashback applied as a lump sum.

Yes. The mortgage savings check is completely free with no obligation. A licensed NZ adviser may contact you to help you switch if you choose.

What is cashback and how does it reduce my loan?

When you refinance, many NZ banks offer cashback (typically around 1% of your loan). We show what happens if you apply that cashback directly against your principal on day one.

Independent NZ mortgage analysis

Check if your mortgage rate is still competitive

Enter your current home loan details to compare your rate against today's indicative NZ mortgage rates and see what a different rate could mean for your repayments and total mortgage cost.

Free mortgage-rate lookup

Your mortgage

Why this works

We take today's best-available NZ rate for your fixed term, then run full amortisation schedules: your loan today, your new loan, and an optimal solution where you keep paying your current amount with extra re-payment and your current average saving amount.