Savings goal calculator: how much to deposit
Working towards a house deposit? Work out how much you need to put away regularly to hit your savings goal by your target date.
Calculator provided through the MFAA (Mortgage & Finance Association of Australia) calculator suite. Results are estimates for general information only and are not a quote, loan offer or pre-approval.
About this calculator
A 20% deposit avoids lenders mortgage insurance, but you don’t always need to wait that long, low-deposit schemes and LMI waivers for certain professions can get you into the market years earlier.
Use this calculator to set a realistic savings plan, then talk to Nathan about what deposit you actually need. For many buyers the answer is less than they think.
Hear from our happy homeowners.
Calculators guess. Nathan checks.
A free 30-minute call gets you the numbers lenders will actually approve, across 50+ of them.