House Deposit Calculator
Free NZ house deposit calculator. Work out how long until you can buy your first home, including your KiwiSaver withdrawal.
Time to your deposit
5.8 years
$90,000 still to save at $300 a week, after a $30,000 KiwiSaver withdrawal.
- $120,000
- deposit needed
- $90,000
- left to save
- 300
- weeks
Most first-home buyers in New Zealand aim for a 20% deposit, though some lenders and the First Home Loan scheme allow less. This calculator shows the deposit you'll need and how long it takes at your savings pace.
Your KiwiSaver can usually be withdrawn for a first home (leaving $1,000 behind), which often covers a big chunk of the deposit, so it's included here. The First Home Grant that used to sit on top of it closed on 22 May 2024 — said rather than quietly dropped, because a reader who remembers it will otherwise go looking.
Frequently asked questions
How much deposit do I need to buy a house in NZ?
Typically 20% of the purchase price for the best rates, though First Home Loan (via participating lenders) can allow as little as 5%. This tool defaults to 20%, adjust the slider for your situation.
Can I use my KiwiSaver for a first home deposit?
Yes. If you've been contributing for at least 3 years you can withdraw most of your KiwiSaver for a first home, leaving a minimum of $1,000. Enter your balance to include it in the calculation.
Want this tracked automatically?
Steady tracks your deposit automatically, bank + KiwiSaver together, with the month you'll cross the line.
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