Home Loan Upfront Costs Calculator

Home Buying Costs, Deposits And Mortgage Repayments In Australia

Buying a home involves more than the deposit. You also need to budget for upfront costs, loan repayments and other expenses.

How To Calculate Upfront Costs

Your upfront costs can include:

• Deposit: The amount you contribute towards the property purchase.
• Stamp duty: State or territory transfer duty, where applicable.
• Conveyancing: Legal work required to transfer the property into your name.
• Building and pest inspections: Reports that can identify structural or pest issues.
• Loan costs: Some lenders may charge application, valuation or settlement fees.
• LMI: Lenders mortgage insurance may apply when you borrow above certain LVR levels.

Add these costs together to estimate how much cash you need before settlement.

How Much Will I Need To Repay Monthly On A $1,000,000 Mortgage?

To find out your monthly repayment, use our mortgage repayment calculator

Your repayments depend on the interest rate, loan term and loan type.

For example, a $1 million mortgage over 30 years at 6% interest would have principal-and-interest repayments of about $5,996 per month.

Loan Amount	Term	Interest Rate	Approx. Monthly Repayment
$1,000,000	30 years	6%	$5,996

This is an example only. Your actual repayment will depend on the rate offered by your lender.

How Much Deposit For A $500,000 House In Australia?

A 20% deposit on a $500,000 house is $100,000.

You would then need a $400,000 loan, giving you an 80% LVR.

You may be able to buy with a smaller deposit if you qualify for a low-deposit loan or an eligible government home-buying scheme.

How Much Deposit Do I Need For A $900,000 Home?

A 20% deposit on a $900,000 home is $180,000.

This would leave you with a $720,000 mortgage and an 80% LVR.

A smaller deposit may be possible depending on your lender, circumstances and eligibility for available schemes.

Can I Buy A House With $10,000 Deposit In Australia?

It may be possible in some circumstances, but $10,000 is a small deposit for most property purchases.

For example, $10,000 represents only 2% of a $500,000 property.

You would generally need to meet specific lender or government scheme requirements to purchase with such a small deposit. You also need to consider stamp duty and other upfront costs.

How Much Of A Down Payment Do I Need For A $300,000 House?

A 20% deposit on a $300,000 house is $60,000.

Property Price	20% Deposit	Loan
$300,000	$60,000	$240,000

A smaller deposit may be available depending on the loan and your eligibility.

How Much Would I Expect To Pay Monthly For A $300,000 Mortgage?

The repayment depends on the interest rate and loan term.

For example, a $300,000 mortgage over 30 years at 6% interest would have principal-and-interest repayments of about $1,799 per month.

Loan Amount	Term	Interest Rate	Approx. Monthly Repayment
$300,000	30 years	6%	$1,799

Use our home loan repayment calculator

What Is The Best Time To Buy A Home?

There is no single best time to buy a home.

The right time depends on whether you can afford the deposit, repayments and other ownership costs.

You should also consider your income stability, existing debts, savings and how long you expect to own the property.

Trying to perfectly predict property prices or interest rates can delay a purchase that you can already comfortably afford.

What Is The Minimum Down Payment On An $800k House?

A 20% deposit on an $800,000 house is $160,000.

This would leave a $640,000 mortgage and an 80% LVR.

However, 20% is not always the minimum deposit. Some lenders offer loans above 80% LVR, while eligible buyers may access government schemes that allow a smaller deposit.

Your required cash amount may also be higher than the deposit because you need to cover applicable purchase costs.