First Home Buyer Calculator
Calculate your borrowing power, grants, and stamp duty savings
Your Details
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Crunching the numbers...
✨ We've Unlocked:
$0
Join 1,000+ Aussies who claimed these benefits
Join 1,000+ Aussies who claimed these benefits!
Drop your details below to access your savings, full borrowing power report and connect with expert advice 👇
Your Path to Home Ownership
💰 Your Financial Position
Calculation MethodAvailable Savings
$0
Estimated Annual Income
$0
Update to Your Actual Income
Enter your actual annual household income (before tax) for more accurate calculations.
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Assessment Rate (Buffer)
9.0%
🏠 Your Buying Options
🏆 BEST MATCH: 5% Deposit with Home Guarantee Scheme
SAVE ~$15K🏠 Property Price You Could Afford
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Minimum Deposit (5%)
$0
Your Available Savings
$0
✅ Buffer remaining
Loan Amount (95%)
$0
Govt Guaranteed
Estimated Monthly Repayments
$0
30 years
🎁 PLUS Government Grants:
Lenders Mortgage Insurance:
$0 (Waived!)
First Home Owner Grant:
+$0
Stamp Duty Saving:
$0
YOUR TOTAL BUYING POWER:
$0
✨ Why This Option Is A Good Match:
- Buy now instead of saving for years
- Save ~$15,000 in LMI fees
- No income caps, no waitlist
- Government backing gives lenders confidence
Option B: 10% Deposit
Property Price
$0
Required Deposit (10%)
$0
Loan Amount
$0
LMI (added to loan)
~$0
Monthly Repayments
$0
FHOG
$0
About this option: With a 10% deposit, you'll need to pay Lenders Mortgage Insurance (LMI), which adds to your loan. You'll use most or all of your savings, leaving little emergency buffer.
Option C: Traditional 20% Deposit
Property Price
$0
Required Deposit (20%)
$0
Additional $ Needed
$0
Loan Amount
$0
Monthly Repayments
$0
LMI
$0
⏰ Time to save additional amount:
About this option: The traditional 20% deposit avoids LMI but requires significant additional savings. Consider the 5% HGS option to buy now instead of waiting years.
About this option: The traditional 20% deposit avoids LMI but requires significant additional savings. Consider the 5% HGS option to buy now instead of waiting years.
🎁 Government Support You Could Qualify For
Home Guarantee Scheme
Save LMI
~$15,000
First Home Owner Grant
Cash Grant
$10,000
Stamp Duty Concession
Saving
$22,000
TOTAL GOVERNMENT SUPPORT
~$47,000
💡 Want to Save Even More?
First Home Super Saver Scheme (FHSS)
The FHSS lets you save for your deposit INSIDE your super fund with TAX ADVANTAGES. Combine this with your current savings to increase your buying power even more!
📊 How It Works:
- Save up to $15,000/year in voluntary super contributions
- Maximum $50,000 total across all years
- Withdraw to use as home deposit
- Get back 85% of pre-tax + 100% of after-tax contributions
- Plus earnings calculated by ATO
💰 Example Scenario:
✅ Benefits:
- Can be combined with 5% Deposit Scheme
- Can be combined with FHOG & stamp duty concessions
- Tax-effective way to save faster
📋 About the Schemes
Home Guarantee Scheme (5% Deposit)
How it works: The Australian Government provides a guarantee to approved lenders, allowing first home buyers to purchase with just 5% deposit (or 2% for single parents) without paying Lenders Mortgage Insurance.
Eligibility:
- Australian citizen or permanent resident, 18+ years old
- First home buyer OR haven't owned property in 10 years
- Property price below location-specific caps
- Owner-occupier home (no investment properties)
- No income caps
- Unlimited spots, no waitlist
Property Price Caps (Your State):
More info: firsthomebuyers.gov.au
Important Disclaimer: This calculator provides estimates only and should not be considered financial advice. Actual borrowing capacity, grants, and stamp duty will depend on your individual circumstances, lender assessment criteria, current government policies, and property specifics. Interest rates are indicative. Home Guarantee Scheme eligibility and property price caps are subject to change. LMI estimates are approximate. Always consult with a licensed mortgage broker or financial advisor, and verify current grant eligibility with your state revenue office and Housing Australia. Calculations assume: 30-year loan term, principal and interest repayments, owner-occupied property, and standard lending criteria. Grant amounts, stamp duty concessions, and scheme details are current as of November 2025 but may change.
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