Deposit Savings Calculator
Work out how much you need to put away each month to reach your deposit goal, and roughly how long it will take at that rate.
Why a deposit helps
A deposit reduces the amount you need to borrow, which lowers your monthly repayment. It also signals lower risk to the bank, which can improve the interest rate you are offered. It is possible to apply for a 100% home loan, but a deposit generally strengthens your application.
Remember the other upfront costs
Your deposit is not the only cash you need. Bond registration, transfer costs and transfer duty are usually payable separately — estimate them with our bond and transfer cost calculator.
Next: see what you may qualify for or speak to a bond originator.