Home Deposit Savings Calculator
Works out how long it will take to save a home deposit.
Your result
Estimate only. Results update as you type.
How this calculator works
Months = (price × deposit % − savings) ÷ monthly savings.
Worth knowing
The Home Guarantee Scheme lets eligible first home buyers purchase with a 5% deposit without paying LMI.
Guides for this calculator
- Home Deposit Savings Calculator: Formula, Example and What the Result Means
- Home Deposit Savings: What to Check Before You Trust the Number
Questions
- Do these calculators match what my bank will say?
- Lenders use their own models, expense benchmarks and policies. Use these results to prepare, then speak to a lender or broker.
- Are stamp duty rates current?
- Duty thresholds are indexed or changed regularly. Always confirm with your state revenue office before relying on a figure.
- Is this financial advice?
- No. The calculators give general estimates only and don’t consider your objectives or financial situation.
This calculator gives general estimates using published Australian rates and formulas. It doesn’t consider your personal circumstances. Check current figures with the ATO, your state government or a qualified professional before making decisions. See our disclaimer.