Product
Provider
Rate
Fee
Repayment calculator
NZ$
%
Monthly repayment
NZ$2,820
NZ$495,252total interest
NZ$1,015,252total repaid
| Deposit tier | Rate | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| Deposit ≥ 5% | 5.69% | NZ$3,015 | NZ$565,324 | NZ$1,085,324 |
| Deposit ≥ 10% | 5.69% | NZ$3,015 | NZ$565,324 | NZ$1,085,324 |
| Deposit ≥ 15% | 5.69% | NZ$3,015 | NZ$565,324 | NZ$1,085,324 |
| Deposit ≥ 20%your tier | 5.09% | NZ$2,820 | NZ$495,252 | NZ$1,015,252 |
| Deposit ≥ 25% | 5.09% | NZ$2,820 | NZ$495,252 | NZ$1,015,252 |
Estimate only. Assumes principal & interest, constant rate for full term.
Rates by deposit sizeLVR — Loan-to-Value Ratio
The percentage of the property value you're borrowing. A lower LVR means a bigger deposit and usually a better interest rate.
Example: Property NZ$800k, deposit NZ$160k → LVR = 80% (borrow 80%, own 20%).
| Deposit ≥ 5% | 5.69% |
| Deposit ≥ 10% | 5.69% |
| Deposit ≥ 15% | 5.69% |
| Deposit ≥ 20% | 5.09% |
| Deposit ≥ 25% | 5.09% |
Higher deposit = lower LVR = better rate
About Fixed 2 Year
The ANZ Fixed 2 Year mortgage is ideal for borrowers seeking medium-term stability. Locking in for two years means fewer refixing decisions and protection against rate rises during that period — a strong choice when the rate cycle is trending upward.
ANZ is one of New Zealand's Big Four banks, so you benefit from a large branch network and well-established digital banking. The trade-off versus shorter terms is a slightly higher rate, and break fees apply if you want to repay early or switch.