Mortgage Break Fee Calculator for NZ Homeowners
As mortgage rates fluctuate, knowing your numbers is key. Breaking early might unlock lower rates, but banks calculate an "Early Repayment Adjustment" (break fee) based on wholesale interest rates.
Our calculator helps you estimate these costs instantly. It serves as a helpful guide for customers of all major banks, including ANZ, ASB, BNZ, Westpac, and Kiwibank, helping you decide if you should call your bank to negotiate.
Disclaimer: BreakFee NZ is an independent tool and is not affiliated with, endorsed by, or sponsored by any bank. All calculations are estimates only. Please confirm final figures with your lender.
Why Refix Early?
Banks charge a break fee to recover the interest income they lose when rates drop. The key is to calculate whether the long-term benefit of a lower interest rate outweighs or justifies this upfront penalty. Our calculator helps you run these numbers.
Switching Banks
Many lenders offer cash incentives to new customers. These funds are often used by homeowners to subsidize the cost of breaking a fixed term, helping to reduce the upfront financial impact.
Track Mortgage Rate Changes
Get notified when major banks drop their rates or offer new cashback incentives. No spam, just savings.