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% | 6.59% | NZ$3,318 | NZ$674,333 | NZ$1,194,333 |
| Deposit 5% – 9% | 6.39% | NZ$3,249 | NZ$649,722 | NZ$1,169,722 |
| Deposit 10% – 14% | 5.84% | NZ$3,064 | NZ$583,175 | NZ$1,103,175 |
| Deposit 15% – 19% | 5.39% | NZ$2,917 | NZ$530,017 | NZ$1,050,017 |
| Deposit 20% – 24%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% | 6.59% |
| Deposit 5% – 9% | 6.39% |
| Deposit 10% – 14% | 5.84% |
| Deposit 15% – 19% | 5.39% |
| Deposit 20% – 24% | 5.09% |
| Deposit ≥ 25% | 5.09% |
Higher deposit = lower LVR = better rate
About ASB Fixed 2 Year
ASB's 2-year fixed mortgage gives you two full years of payment certainty, making it ideal for homeowners who want to set and forget their mortgage repayments for a meaningful period. It's one of the most balanced terms across cost and stability.
With ASB's established digital banking and mobile app, managing your mortgage is straightforward. The 2-year term is typically priced higher than the 1-year, but the extra certainty is worth it if you believe rates may rise. Break fees apply for early repayment.