Use this calculator to estimate how much deposit you’ll need to secure a home loan and achieve your property goals.
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Estimate the deposit required for your dream home with our Home Loan Deposit Calculator. This easy-to-use tool gives you a detailed view of the upfront costs, including stamp duty, legal fees, and other expenses, helping you plan your finances with confidence.
Please note that the calculator provides an estimate only and may not account for all fees or specific lender requirements.
You have to complete all the required fields and select the right option to complete the calculation. The mortgage deposit calculator will provide you results for:
The size of your home loan deposit has a significant impact on your mortgage terms and overall financial situation. Our 360° Home Loan Assessor explains how a larger deposit can result in a lower loan-to-value ratio, reduced monthly repayments, and potentially avoiding lenders mortgage insurance.
The 360° Home Loan Assessor gives you a complete overview of your home loan in just minutes. Calculate deposits, review costs, and explore loan options—all in one convenient tool.
A home loan deposit is an initial contribution you make towards the purchase price of the property you’re buying. The contribution you make means you own a portion of the property. So a larger deposit means you own more of the property.
Most lenders require a house deposit of at least 20% of the property value (excluding transaction costs). If your deposit is less than 20%, you will have to pay Lenders Mortgage Insurance (LMI).
The minimum deposit required by most lenders is at least 5% of the property value.
Property value
20% deposit
5% deposit
$600,000
$120,000
$30,000
$700,000
$140,000
$35,000
$800,000
$160,000
$40,000
$900,000
$180,000
$45,000
$1,000,000
$200,000
$50,000
It helps lenders determine the size of your loan (also called the Loan-to-Value ratio or LVR) and whether you can comfortably repay your home loan.
Technically, yes. A 20% house deposit means you don’t need to pay extra for LMI. However, you might also require additional funds for mortgage fees and other mortgage-related expenses.
If your deposit is not quite enough, here is what you can do:
If your deposit is not quite enough, here is what you can do:
Determine Deposit Requirements
Find out the minimum deposit required based on the property price and the percentage you plan to borrow, helping you set a clear savings goal.
Understand LVR (Loan-to-Value Ratio)
Calculate your LVR and see how it affects your deposit size and eligibility for certain loan products or benefits, like LMI waivers.
Plan for Additional Costs
Factor in other upfront costs, such as stamp duty, legal fees, and inspections, to ensure you save enough beyond just the deposit.
Explore Low-Deposit Options
Learn about loans that accept smaller deposits, such as low-deposit or government-backed schemes, and how much you’ll need to qualify.
Set Savings Targets
Get a clear picture of how much you need to save each month to reach your deposit goal within a specific timeframe.
Compare Scenarios
Adjust property prices and deposit percentages to compare how different scenarios impact your deposit requirements and borrowing capacity.
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