House deposit calculator
How much deposit do you need for the home you want? Enter your target price and deposit percentage, and see your target, your savings gap, and how far along you already are.
Deposit needed
$150,000
Still to save
$150,000
Progress
0%
How the calculation works
Your deposit target is simply your target property price multiplied by your deposit percentage. Savings and expected grants both count toward it, so your savings gap is the deposit target minus what you’ve already got covered.
What deposit percentage should I use?
20% is the benchmark that avoids Lenders Mortgage Insurance and gets the sharpest rates. Eligible first home buyers can purchase with as little as 5% and no LMI under the federal Home Guarantee Scheme. Anywhere between 10% and 20% usually means paying LMI in exchange for buying sooner. Our guide How much deposit do you need? walks through the trade-off in detail.
Keep this number alive
A one-off calculation goes stale the moment prices or your savings move. Save it as a free Kaasa roadmap and it stays current - alongside the milestones between your savings account and settlement day.
General information only, not financial advice. Confirm scheme eligibility and LMI costs with your lender.