Finfident: Simplifying Home Loans with Confidence

Calculator

How long will it take to save a deposit?

See how long it could take to save for your deposit, and how schemes like the 5% Deposit Scheme could get you in sooner.

$
Deposit goal
$
$
% p.a.
You could reach your deposit in–
Deposit goal
Plus estimated buying costs
Total to save
Still to save

Buying costs are estimated at 1.5% of the price for legal fees, inspections and loan costs, excluding stamp duty, which depends on your state and first home buyer concessions. Interest is compounded monthly; tax on interest isn't included.

Important information

Calculator results are estimates for general guidance only. They're based on the information you enter and the calculator's assumptions, and don't take into account all of your personal circumstances, financial commitments or lender eligibility criteria.

These tools are for illustration only. They aren't financial advice, a quote, an offer of credit or a pre-approval, and shouldn't be relied on when making property or finance decisions. Calculation assumptions and system updates can affect accuracy.

Before you commit to a loan or make an offer on a property, talk to a Finfident broker for an assessment of your situation and a formal assessment from a lender. Interest rates shown are examples only. Lending criteria, fees and charges apply.

Finfident Finance Brokers isn't liable for any loss arising from reliance on these calculators. Always get professional advice for decisions that affect your financial wellbeing. Finfident Finance Brokers (ABN 94 679 280 801) is Credit Representative 569374 of Outsource Financial Pty Ltd, Australian Credit Licence 384324.

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