australia • AUD

First Home Buyer Calculator (Australia)

Q: What results does this first home buyer calculator show?

The calculator shows estimated deposit requirements, loan size and potential repayments. It helps you understand whether a purchase may be within reach.

Q: Does this calculator include stamp duty or LMI in the numbers?

No — deliberately. Stamp duty is set by each state on its own scale and lenders mortgage insurance depends on the lender's own LVR schedule, and no verified figure for either exists sitewide yet. The calculator asks you to enter your own estimate for each rather than guessing, so every number you see reflects what you typed in, not an invented default.

Q: What happens if I increase my deposit?

A larger deposit usually reduces the amount you need to borrow and may lower repayments. The calculator shows how this affects results.

Q: Does this calculator consider Australian first home buyer schemes?

You can enter your own estimated First Home Owner Grant (FHOG) amount, which is added back to reduce your upfront cash needed. Eligibility and grant amounts differ by state, so check your state revenue office for the figure that applies to you.

Q: Is the First Home Buyer Calculator Australia financial advice?

No. The results are estimates for general planning purposes only. You may wish to seek personalised guidance from a qualified professional.

Calculate exactly how much you need to buy your first home in Australia. Estimate deposit, stamp duty (with state concessions), FHOG, LMI, and all upfront costs. Compare NSW, VIC, QLD, and more – updated for 2026. Free, instant, and tailored to first‑home buyers.

By Team GlobalCalqulate · About our editorial standards

Property details

Property price

Deposit & loan

Deposit (%)

Estimated interest rate (p.a.)

First home buyer schemes

Are you a first home buyer?

Include FHOG estimate

FHOG amount (if known)

Include LMI (if deposit < 20%)

Other upfront costs

Conveyancing / legal fees

Building & pest inspection

Other costs (e.g., moving, utilities connections)

Financial Disclaimer: This result is an educational estimate produced by applying a standard formula to the figures you entered. It is not an offer, a quotation, or financial advice: real costs and returns depend on a provider's pricing, fees and underwriting, and on circumstances this calculator does not collect. Confirm the figures with the provider or a qualified adviser before acting on them. Full disclaimer.

Sources & methodology

Formula:: Deposit and loan amount
Reference:: Moneysmart (Australian Securities and Investments Commission)

Calculation type: Exact calculation. Figures are taken from Moneysmart (Australian Securities and Investments Commission) — see sources below.

Your entries stay on this device. This calculator runs entirely in your browser — the figures you type are not sent to us or to anyone else. The page itself uses cookies for analytics and advertising, described in the privacy policy.

Formula & methodology

Formula used

Deposit and loan amount

deposit = price × deposit%;  loan = price − deposit

The deposit is entered as a percentage of the purchase price.

Monthly repayment

PMT = P × [ i(1+i)^n ] / [ (1+i)^n − 1 ]

The standard amortisation formula over the loan term.

Loan-to-value ratio

LVR = loan ÷ property price × 100

Lenders generally require Lenders Mortgage Insurance above 80% LVR. The LVR is shown so you can see which side of that line you fall on.

Variable definitions

Symbol	Meaning	Unit
price	Property price. purchase price	AUD
deposit%	Deposit. deposit as a share of the price	%
i	Monthly interest rate. annual rate ÷ 12	ratio
FHOG	First Home Owner Grant. the grant amount YOU enter — it is set by your state or territory, not by this calculator	AUD

Step-by-step calculation

1. Enter the property price and your deposit
The LVR and loan amount follow from these two figures.
2. Set the rate and loan term
Used for the repayment estimate.
3. Add your own grant and cost figures
Conveyancing, inspection and any First Home Owner Grant you have confirmed with your state revenue office.

Limitations

Stamp duty is NOT calculated here. Duty and first-home concessions differ by state and territory and change often, so this calculator does not guess at a figure — get it from your state or territory revenue office, or use the dedicated Stamp Duty Calculator where you enter the rate that applies to you.
Lenders Mortgage Insurance is NOT calculated. LMI premiums are set by insurers and vary by lender, LVR and loan size; no published schedule is applied here, so the figure is left to your lender to quote.
The First Home Owner Grant amount is the figure you enter. Eligibility, amounts and property price caps are set by each state and territory and change — confirm yours before relying on it.
This is not a lender assessment. Serviceability also depends on income, expenses, existing debts and the buffer a lender applies over the loan rate.

This page is educational. It applies a standard formula to the figures you enter and shows the arithmetic behind the result. It is an estimate, not an offer, a quotation or financial advice: real costs depend on the provider's pricing, fees and underwriting, and on circumstances this calculator does not collect.

Sources & references

How much can I borrow — deposit, LVR and Lenders Mortgage Insurance — Moneysmart (Australian Securities and Investments Commission)

Help & FAQs

Frequently Asked Questions

Clear answers to common questions to help you use this calculator confidently.

What results does this first home buyer calculator show?

Tap to view the answer

The calculator shows estimated deposit requirements, loan size and potential repayments. It helps you understand whether a purchase may be within reach.

Does this calculator include stamp duty or LMI in the numbers?

Tap to view the answer

No — deliberately. Stamp duty is set by each state on its own scale and lenders mortgage insurance depends on the lender's own LVR schedule, and no verified figure for either exists sitewide yet. The calculator asks you to enter your own estimate for each rather than guessing, so every number you see reflects what you typed in, not an invented default.

What happens if I increase my deposit?

Tap to view the answer

A larger deposit usually reduces the amount you need to borrow and may lower repayments. The calculator shows how this affects results.

Does this calculator consider Australian first home buyer schemes?

Tap to view the answer

You can enter your own estimated First Home Owner Grant (FHOG) amount, which is added back to reduce your upfront cash needed. Eligibility and grant amounts differ by state, so check your state revenue office for the figure that applies to you.

Is the First Home Buyer Calculator Australia financial advice?

Tap to view the answer

No. The results are estimates for general planning purposes only. You may wish to seek personalised guidance from a qualified professional.

Need more help? Contact support or email globalcalqulate@gmail.com

We typically reply within 24–48 hours.

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How to Use This Calculator

Enter property price and type

Tell us the purchase price and whether it's an established home or new build – this affects stamp duty and grants.

Choose your deposit and schemes

Set your deposit percentage, indicate if you're a first‑home buyer, and decide whether to include FHOG and LMI estimates.

Review total upfront cash needed

See exactly how much you need for deposit, stamp duty, LMI, and other costs – then plan your savings accordingly.

Understanding Your Results

Deposit Required
The cash deposit you need based on your percentage. If under 20%, LMI will be added.
Stamp Duty
State government duty on the purchase. As a first‑home buyer, you may get a discount or exemption, but rates and thresholds vary by state and this calculator does not estimate the amount – check your state revenue office.
LMI Cost
Lenders Mortgage Insurance charged when deposit is under 20%. It protects the lender, but you pay for it.
Total Upfront Cash
Everything you need at settlement – deposit, stamp duty, LMI, conveyancing, inspections, and other fees. This is your ‘cash needed’ number.

Key Tips

✓
A 20% deposit avoids LMI – but many lenders accept 10% with LMI. Some first‑home buyer schemes allow 5% with government backing.
✓
Stamp duty concessions and the First Home Owner Grant (FHOG) are set by your state or territory revenue office and vary by property price, location and whether the home is new or established – check your state revenue office for the current figures and enter your own estimate above.
✓
Factor in hidden costs: building inspections, conveyancing, moving expenses – these can add $5,000+.
✓
Use the 28/36 rule: your mortgage repayments should not exceed 28% of your gross income, and total debt payments under 36%.
✓
Compare lenders – even a 0.25% rate difference can save thousands over the life of the loan.
✓
Consider using a mortgage broker to navigate grants and find the best deal.

First Home Buyer in Australia – The Ultimate 2026 Cost Guide

What Is a First Home Buyer? (Eligibility)

In Australia, a first home buyer is someone who has never owned a residential property (in any state) and intends to live in the home. You may be eligible for stamp duty concessions, the First Home Owner Grant (FHOG), and various state‑based schemes like the First Home Loan Deposit Scheme. Each state has its own rules – always check your local revenue office.

Deposits – How Much Do You Really Need?

Traditionally, lenders require a 20% deposit to avoid Lenders Mortgage Insurance (LMI). However, many first‑home buyers use 5‑10% with LMI. The government's First Home Guarantee (formerly FHLDS) allows eligible buyers to purchase with as little as 5% without LMI. This calculator models all scenarios – use the slider to see the impact of your deposit size on LMI and total cash needed.

Stamp Duty – Varies By State

Stamp duty (transfer duty) is a major upfront cost, and it is set independently by each state and territory revenue office on its own scale, with its own first‑home buyer concessions and exemption thresholds. There is no single national rate or threshold, and the amounts change over time, so this calculator does not estimate a dollar figure for stamp duty — enter your own estimate as one of your other upfront costs if you have one, and confirm the exact amount with your state or territory revenue office before relying on it.

First Home Owner Grant (FHOG) – What You Get

The FHOG is a one‑off payment for new or substantially renovated homes, and both the amount and the eligibility rules (price caps, property age) are set independently by each state and territory and change over time. This calculator does not look up a figure for you — enter your own estimate in the FHOG field above once you've confirmed your eligibility and amount with your state or territory revenue office.

Lenders Mortgage Insurance (LMI) – What It Costs

LMI protects your lender if you default. It's a one‑off premium added to your loan (or paid upfront), and the cost depends on your lender, your loan‑to‑value ratio (LVR) and the size of your loan — there is no single published schedule this calculator can apply. Get a quote from your lender or broker for an accurate figure. Government schemes such as the First Home Guarantee can waive LMI entirely for eligible buyers — check your eligibility.

Other Upfront Costs – Don't Forget These

Beyond deposit and stamp duty, budget for:

• Conveyancing/Legal: $1,000‑$2,500 • Building & Pest Inspection: $400‑$800 • Loan application fees: $0‑$600 • Valuation fees: $200‑$500 • Mortgage registration: $100‑$300 • Moving and connection costs: $1,000‑$3,000 These add $3,000‑$6,000 to your upfront cash needs. Our calculator includes defaults; adjust them to your situation.

How to Use This Calculator to Plan Your Home Purchase

Enter the property price and type. Select your deposit percentage – slide it to see how LMI changes. Tell us if you're a first‑home buyer and whether to include FHOG and LMI. The calculator will instantly show:

• The deposit you need • Stamp duty (with state concessions) • FHOG amount (if eligible) • LMI cost (if applicable) • Other upfront costs • Total cash required at settlement

Use this number to set your savings goal. Try different deposit percentages to find the sweet spot between LMI and upfront cash. This tool is your essential first step towards home ownership.

Formula & methodology

Formula used

Deposit and loan amount

deposit = price × deposit%;  loan = price − deposit

The deposit is entered as a percentage of the purchase price.

Monthly repayment

PMT = P × [ i(1+i)^n ] / [ (1+i)^n − 1 ]

The standard amortisation formula over the loan term.

Loan-to-value ratio

LVR = loan ÷ property price × 100

Lenders generally require Lenders Mortgage Insurance above 80% LVR. The LVR is shown so you can see which side of that line you fall on.

Variable definitions

Symbol	Meaning	Unit
price	Property price. purchase price	AUD
deposit%	Deposit. deposit as a share of the price	%
i	Monthly interest rate. annual rate ÷ 12	ratio
FHOG	First Home Owner Grant. the grant amount YOU enter — it is set by your state or territory, not by this calculator	AUD

Step-by-step calculation

1. Enter the property price and your deposit
The LVR and loan amount follow from these two figures.
2. Set the rate and loan term
Used for the repayment estimate.
3. Add your own grant and cost figures
Conveyancing, inspection and any First Home Owner Grant you have confirmed with your state revenue office.

Limitations

Stamp duty is NOT calculated here. Duty and first-home concessions differ by state and territory and change often, so this calculator does not guess at a figure — get it from your state or territory revenue office, or use the dedicated Stamp Duty Calculator where you enter the rate that applies to you.
Lenders Mortgage Insurance is NOT calculated. LMI premiums are set by insurers and vary by lender, LVR and loan size; no published schedule is applied here, so the figure is left to your lender to quote.
The First Home Owner Grant amount is the figure you enter. Eligibility, amounts and property price caps are set by each state and territory and change — confirm yours before relying on it.
This is not a lender assessment. Serviceability also depends on income, expenses, existing debts and the buffer a lender applies over the loan rate.

First Home Buyer in Australia – The Ultimate 2026 Cost Guide

What Is a First Home Buyer? (Eligibility)

Deposits – How Much Do You Really Need?

Stamp Duty – Varies By State

First Home Owner Grant (FHOG) – What You Get

Lenders Mortgage Insurance (LMI) – What It Costs

Other Upfront Costs – Don't Forget These

Beyond deposit and stamp duty, budget for:

How to Use This Calculator to Plan Your Home Purchase

• The deposit you need • Stamp duty (with state concessions) • FHOG amount (if eligible) • LMI cost (if applicable) • Other upfront costs • Total cash required at settlement

Use this number to set your savings goal. Try different deposit percentages to find the sweet spot between LMI and upfront cash. This tool is your essential first step towards home ownership.

Calculator inputs

Property details

Deposit & loan

First home buyer schemes

Other upfront costs

Your results

Sources & methodology

Formula & methodology

Formula used

Deposit and loan amount

Monthly repayment

Loan-to-value ratio

Variable definitions

Step-by-step calculation

Limitations

Sources & references

What results does this first home buyer calculator show?

Does this calculator include stamp duty or LMI in the numbers?

What happens if I increase my deposit?

Does this calculator consider Australian first home buyer schemes?

Is the First Home Buyer Calculator Australia financial advice?

Related calculators

More Australia calculators

Calculator inputs

Property details

Deposit & loan

First home buyer schemes

Other upfront costs

Your results

Sources & methodology

How to Use This Calculator

Example First Home Buyer

Understanding Your Results

Key Tips

First Home Buyer in Australia – The Ultimate 2026 Cost Guide

What Is a First Home Buyer? (Eligibility)

Deposits – How Much Do You Really Need?

Stamp Duty – Varies By State

First Home Owner Grant (FHOG) – What You Get

Lenders Mortgage Insurance (LMI) – What It Costs

Other Upfront Costs – Don't Forget These

How to Use This Calculator to Plan Your Home Purchase

Formula & methodology

Formula used

Deposit and loan amount

Monthly repayment

Loan-to-value ratio

Variable definitions

Step-by-step calculation

Limitations

Sources & references

How to Use This Calculator

Example First Home Buyer

Understanding Your Results

Key Tips

First Home Buyer in Australia – The Ultimate 2026 Cost Guide

What Is a First Home Buyer? (Eligibility)

Deposits – How Much Do You Really Need?

Stamp Duty – Varies By State

First Home Owner Grant (FHOG) – What You Get

Lenders Mortgage Insurance (LMI) – What It Costs

Other Upfront Costs – Don't Forget These

How to Use This Calculator to Plan Your Home Purchase