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Home Deposit Calculator

AustraliaDeterministic arithmeticClass A · deterministic arithmeticNo statutory rules requiredMethodology
AUD

Stamp duty, legal, inspections and other costs you enter yourself. The stamp duty calculator can estimate the duty component.

AUD
How long it takes to save

Blank leaves the deposit figure exactly as it is above; fill these in to see the time to reach it.

AUD
AUD

Zero treats the balance as cash set aside.

%

Enter the property price and target LVR to see the deposit needed.

Summary

Enter the property price and target LVR to see the deposit and the working behind it.

Working

  1. loan = property price × target LVR
  2. deposit = property price − loan
  3. cash needed = deposit + the upfront costs you entered
  4. time to reach it: the savings engine runs monthly deposits on what you have saved, and the first year boundary at or above the cash needed is reported
  5. save per month: the closed-form deposit that reaches the cash needed over each timeframe, rounded up to the next cent

Assumptions

  • LVR is measured against the price you enter. Lenders assess against their own valuation, which can be lower.
  • Upfront costs are your figures; nothing is estimated for you on this route.
  • The savings projection assumes deposits are made in full every month, at the end of the month, at a constant rate, with no withdrawals.

Limitations

  • Lenders mortgage insurance, guarantor arrangements, first-home schemes and lender-specific LVR caps are not modelled.
  • Property prices move, so the cash needed on the day is not the cash needed today.
  • Result accuracy class A: deterministic arithmetic on the figures you enter.