First Home Deposit Calculator
See how much deposit you need, how far you are and how many months it will take to save.
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How to do it
- 1Fill in the boxes
Type your numbers or pick the options you need.
- 2See the result
The answer updates right away as you change a value.
- 3Use it
Copy the result or note it down. Nothing is sent anywhere.
About this tool
Enter the price you are aiming for, the deposit percentage, what you have saved and what you can save each month. A deposit under 20 percent usually means lenders mortgage insurance, so the tool flags it.
Frequently asked questions
Why is 20 percent a common target?
Under 20 percent, lenders usually charge lenders mortgage insurance, which adds cost.
Are government schemes included?
No. Schemes such as the First Home Guarantee have their own rules, so check the current ones.