How Much Deposit Do I Need Calculator

Use our handy calculator to find out how much you need for a house deposit.

Key facts about home loan deposits

  • Deposit requirements differ significantly between lenders, product and type of borrower. It’s possible to see minimum deposit requirements to vary from as little as 5% of the purchase price plus purchase costs, up to 40%+ for some types of lending.
  • Getting specific advice from a broker is essential to know how what deposit is required based on your situation.
  • Depending on your deposit amount you may also be required to show ‘genuine savings‘. This involves showing proof that you’ve held the funds for at least 3 months or a variation of this with slightly different policies.
  • You will need to prove you have the deposit when applying for a loan – this can be via a bank statement showing the funds available. Equity in an existing property can sometimes be used to satisfy deposit requirements, but other assets such as vehicles generally cannot be accepted as a deposit.

Do you need help understanding how much you need for a deposit to buy your own home? Speak with a broker today.

Disclaimer:  The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.