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Deposit Calculator

How much deposit do you need to buy a house?

Purchase Details (Victoria)
First Time Home Buyer
(?) "From 1st July 2017, first home buyers will be exempt from paying stamp duty (land transfer duty) when purchasing a home with a dutable value of up to $600,000. For purchases between $600,000 and $750,000, there is a concession for first home buyers calculated on a sliding scale."

Loan to Value Ratio (LVR)
Loan to Value Ratio is a calculation used by banks and lenders which calculates the percentage of debt in relation to the value of the property. Most lenders will only lend up to 95% of the value of the property inclusive of Lenders Mortgage Insurance (LMI). LMI is payable on most loans if you intend to borrow above 80%. The more you borrow above 80%, the higher the LMI you will pay. Adjust this amount on the dropdown menu to see the different results.


Government Fees




Loan Fees


Other Fees




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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