HouseMe Calculator

Your deposit is two payments.

Drag the sliders to see how your cash, KiwiSaver and loan stack up — and when each part is due.

The HouseMe Legal sherpa, holding a set of house keys

Move the sliders. Watch your deposit split.

Your deposit isn't one payment — it's the cash that secures the contract at unconditional, then the rest of your equity (often KiwiSaver) that lands at settlement. Drag the numbers below to see how yours breaks up, and whether it needs to arrive in two transfers instead of one.

$875,000
The agreed price on your sale & purchase agreement.
10% · $87,500
Usually 10%, payable when you go unconditional. Sometimes negotiable.
$20,000
Savings ready to move the day you go unconditional.
$67,500
KiwiSaver withdrawal, gifts, or other savings. A first-home KiwiSaver withdrawal usually takes around 10–15 working days to come through once it's requested.
Cash deposit KiwiSaver / equity Bank loan
Payment 1 — at unconditional
$20,000
Cash, paid when your conditions are met.
Payment 2 — the top-up
$67,500
KiwiSaver, once it clears (usually 10–15 working days).
●
Purchase price$875,000
Deposit at unconditional secures the contract$87,500
Your total equity cash + KiwiSaver + other$87,500
Bank loan the balance, drawn at settlement$787,500
Loan-to-value (LVR)
90%
what the bank lends, as a share of price
Your equity in the property
10%
cash + KiwiSaver, as a share of price

A general guide, not legal or lending advice. Your deposit terms are set by your agreement, and your KiwiSaver amount depends on your provider and eligibility. Talk to us before you sign so we can structure the payments to match what you actually have.

Keep going

The tools that pick up where this one leaves off, and the newsletters behind it.

ToolKiwiSaver: deposit or settlement?Two questions pick your route, then every step to the keys.CalculatorWhat will it actually cost?Every cash cost before the keys, not just the deposit.Broker on the BeachVolume #104: the deposit is two paymentsWhy 10% now and the rest at settlement.Broker on the BeachVolume #86: the KiwiSaver deposit playbookUsing KiwiSaver for the first payment, and the clause that makes it work.

Numbers in hand? Bring them to a free call

We'll check them against your agreement, tell you what is due when, and what to line up next. Pre-offer legal work is free; the fixed fee is charged at settlement.

Book a free 15-minute call

Or call 09 918 9404  ·  angus@housemelegal.co.nz