Mortgage Holiday Calculator
See how taking a repayment holiday on your mortgage affects the total interest and payoff timeline.
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ℹ️Most NZ lenders allow a mortgage holiday of 3–6 months. Interest continues to accrue during the break, so longer holidays cost significantly more.
Extra interest cost
$20,257
Term extended by 0 months
⚠️A mortgage holiday doesn't skip interest — it capitalises onto your loan balance, meaning you'll pay interest on interest after the break.
| Current repayment | $3,160 |
| Interest accrued during holiday | $8,169 |
| New balance | $508,169 |
| Original term | 30 years (360 months) |
| New term | 30 years (360 months) |
Note: During the holiday, interest capitalises onto your balance. After the holiday, you'll repay the larger balance over the remaining term.