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Deposit Calculator

How much deposit do you need to buy a house?

Purchase Details (Victoria)

This is Tooltip!

Loan Amount (Excluding LMI):

$0

Government Fees

This is Tooltip!

Stamp Duty:

Land TransferFee:

Mortgage Registration Fee:

$0

$0

$0

Loan Fees

Some lenders will charge an establishment fee depending on the product chosen. This fee is typically $600. A lot of home loan products these days will not charge an establishment fee. This is something to consider when selecting the right product for your needs.

Establishment Fee: (?)

If you want to borrow more than 80% of the property value, then you will most likely have to pay Lenders Mortgage Insurance (LMI). Paying LMI does help you achieve home ownership sooner without the need for a 20% deposit. The more you borrow above 80% the higher the cost of the LMI, but lower deposit you will need to pay. This calculator provides an estimate only as each lender will calculate LMI differently.

Lenders Mortgage Insurance (LMI): (?)

$0

$0

Other Fees

A conveyancer (or settlement agent) is a person who will act for you and on your behalf in the transfer of property. Conveyancing fees will vary depending on who you appoint to act on your behalf.

Conveyancing (Estimate): (?)

$0

Total Purchase Cost:

$0

Results

Purchase Price plus Purchase Costs

The amount you will borrow plus Lenders Mortgage Insurance (LMI)

Loan Amount (inclusive of LMI) (?)

Loan to Value Ratio (inclusive of LMI)

$0

$0

$3130

Deposit Required

This is an indication only of your potential monthly repayment amount based on a 30 year loan term with variable interest rate of 3.89%p.a. for owner occupied loans and 4.74%p.a. for investment loans. For a more accurate estimate of your monthly repayment we would recomend you speak with one of our mortgage advisors.

Monthly Loan Repayment (?)

$0

$0

Disclaimer: This calculator provides an estimate of the amount of money you would need to contribute to purchase a house in the state of Victoria. The results should be used as an indication only and do not represent a quote or pre-qualification for a loan. This calculator makes assumptions based on multiple lender criteria and is not intended to be relied upon for the purpose of making a decision in relation to a financial product.
To obtain a more accurate estimate of how much deposit you will need we recommend you speak with one of our specialist mortgage consultants. Please complete your details below to arrange a more detailed assessment of your purchasing potential.

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