Calculator
Deposit Calculator
Work out the deposit and total upfront funds a purchase may require.
Educational information — not personalised financial advice.
Deposit Calculator
Work out the deposit and the total upfront funds a purchase may require, including equity you may be able to use from a property you already own.
Total upfront funds needed
$163,000
$13,000 more than your available funds
Deposit
$160,000
Loan amount
$640,000
Estimated stamp duty
$0
Other upfront costs
$3,000
LVR
80.0%
Indicative LMI
Not applicable
At or below 80% LVR
Educational information — not personalised financial advice.
Where this comes from: Includes an indicative transfer duty figure, $3,000 of other upfront costs and an indicative lenders mortgage insurance premium above 80% LVR. Usable equity is estimated at 80% of the existing property value less the balance owing and still needs lender approval. Actual figures depend on your state, lender and property.
How this calculator works
This calculator estimates the deposit and the total upfront funds a purchase may require, including estimated stamp duty, allowances for other costs and any usable equity in a property you already own.
Assumptions
- Stamp duty uses simplified state and territory scales and may not match an official assessment
- An allowance is included for conveyancing, inspections and government fees
- Lenders mortgage insurance is estimated indicatively where the LVR is above 80%
- Usable equity is estimated as 80% of the existing property value less the balance owing, which is the level most lenders release without mortgage insurance
- Releasing equity requires a lender to approve a new or increased loan, so the equity figure is indicative only
Results are estimates for educational purposes and are not a lending decision, an approval or an offer of credit.
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