Savings for a home deposit is hard work, but with things like the First Home Buyer Grant (FHOG), stamp duty concession and Lender’s Mortgage Insurance (LMI) you may be surprised by how quickly you can reach your savings goal. Talk to our team at Foundation Finance to find out how much deposit you will need, and use our savings calculator to see how fast you can get there.
Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. Actual figures may change based on varying factors including calendar days in each month and any rounding. These figures also assume the interest rate and cost of living will stay the same during the selected time period. This calculator is not intended to be relied on for the purposes of making future financial product decisions. We recommend you speak to our finance team to find out what rates are currently available.