ASB offers a mortgage repayment calculator and borrowing power tools on its site, which can help you estimate monthly payments and assess how much you might be able to borrow based on inputs like loan amount, interest rate, term, and deposits. If you’re evaluating ASB specifically, using their official calculators will give you bank-specific results and testing scenarios. Here’s a quick guide to what you can use and how to interpret it:

• Mortgage repayment calculator: Input loan amount, interest rate, and loan term to see monthly repayments and total interest over the life of the loan. This is useful for quick affordability checks and comparing scenarios with different rates or terms.
• Borrowing power / affordability: This tool estimates how much you may be able to borrow based on your income, deposit, expenses, and current lending criteria. It helps gauge purchase price ranges before you start house hunting.
• Repayment vs. interest-only considerations: Some banks’ calculators allow you to model both principal-and-interest repayments and interest-only periods, which can be relevant for certain investment strategies or short-term cashflow planning.

Tips to use effectively:

• Use a consistent set of inputs when comparing multiple banks (deposit amount, income, current debts, and a realistic interest rate). This ensures apples-to-apples comparisons.
• Remember that a calculator provides indicative figures. Banks apply servicing tests, credit checks, and other criteria that can affect final approval and pricing.
• If you’re a first-time buyer, look for any first-home incentives or offers the bank might have (e.g., cash contributions or discounted rates) and factor those into your calculations.

Next steps:

• If you’d like, tell me your target purchase price, estimated deposit, expected interest rate, and loan term, and I can walk you through ASB’s calculator-style scenarios and compare them with a few other banks to help you gauge options.