1. The calculator will determine how much you need to contribute over a specified time period, to pay off your mortgage.
  2. Identify each requirement of paying off your mortgage, including total amount owing, interest and time.
  3. Click the up and down arrows beside each box to set the levels.
  4. Click on the left and right arrows on the top left to cycle through your Balance of Loan, Total Payments Over Time and the Yearly Payment Breakdown.
  5. The results will be displayed on the graph, depending on the levels you set.

Disclaimer
The Mortgage Cost Calculator is a guide only to help you to assess the impact of changes in mortgage payments on the term of your mortgage. The Calculator does not take into account variations in interest rates over the life of the mortgage or any fees or charges that may be levied on your mortgage. ING (NZ) Limited accepts no liability for any errors, omissions or inaccuracies in the result obtained in using the calculator.