Calculate your borrowing power, see what government grants you may qualify for, and discover potential stamp duty savings, all in one easy to use calculator build just for first home buyers, like you.
Your Details
$
$
$
%
Crunching the numbers...
✨ We've Unlocked:
$0
Join 1,000+ Aussies who claimed these benefits
Join 1,000+ Aussies who claimed these benefits!
Drop your details below to access your savings, full borrowing power report and connect with expert advice 👇
Your Path to Home Ownership
💰 Your Financial Position
Calculation Method
Available Savings
$0
Estimated Annual Income
$0
📝 update to actual income
Update to Your Actual Income
Enter your actual annual household income (before tax) for more accurate calculations.
$
Assessment Rate (Buffer)
9.0%
🏠 Your Buying Options
🏆 BEST MATCH: 5% Deposit with Home Guarantee Scheme
SAVE ~$15K
🏠 Property Price You Could Afford
$0
Minimum Deposit (5%)
$0
Your Available Savings
$0
✅ Buffer remaining
Loan Amount (95%)
$0
Govt Guaranteed
Estimated Monthly Repayments
$0
30 years
🎁 PLUS Government Grants:
Lenders Mortgage Insurance:$0 (Waived!)
First Home Owner Grant:+$0
Stamp Duty Saving:$0
YOUR TOTAL BUYING POWER:$0
✨ Why This Option Is A Good Match:
Buy now instead of saving for years
Save ~$15,000 in LMI fees
No income caps, no waitlist
Government backing gives lenders confidence
⚠️ Property Price Cap:
Option B: 10% Deposit
Property Price
$0
Required Deposit (10%)
$0
Loan Amount
$0
LMI (added to loan)
~$0
Monthly Repayments
$0
FHOG
$0
About this option: With a 10% deposit, you'll need to pay Lenders Mortgage Insurance (LMI), which adds to your loan. You'll use most or all of your savings, leaving little emergency buffer.
Option C: Traditional 20% Deposit
Property Price
$0
Required Deposit (20%)
$0
Additional $ Needed
$0
Loan Amount
$0
Monthly Repayments
$0
LMI
$0
⏰ Time to save additional amount:
About this option: The traditional 20% deposit avoids LMI but requires significant additional savings. Consider the 5% HGS option to buy now instead of waiting years.
🎁 Government Support You Could Qualify For
Home Guarantee Scheme
Save LMI
~$15,000
First Home Owner Grant
Cash Grant
$10,000
Stamp Duty Concession
Saving
$22,000
TOTAL GOVERNMENT SUPPORT
~$47,000
💡 Want to Save Even More?
First Home Super Saver Scheme (FHSS)
The FHSS lets you save for your deposit INSIDE your super fund with TAX ADVANTAGES. Combine this with your current savings to increase your buying power even more!
📊 How It Works:
Save up to $15,000/year in voluntary super contributions
Maximum $50,000 total across all years
Withdraw to use as home deposit
Get back 85% of pre-tax + 100% of after-tax contributions
Plus earnings calculated by ATO
💰 Example Scenario:
✅ Benefits:
Can be combined with 5% Deposit Scheme
Can be combined with FHOG & stamp duty concessions
How it works: The Australian Government provides a guarantee to approved lenders, allowing first home buyers to purchase with just 5% deposit (or 2% for single parents) without paying Lenders Mortgage Insurance.
Eligibility:
Australian citizen or permanent resident, 18+ years old
First home buyer OR haven't owned property in 10 years
Important Disclaimer: This calculator provides estimates only and should not be considered financial advice. Actual borrowing capacity, grants, and stamp duty will depend on your individual circumstances, lender assessment criteria, current government policies, and property specifics. Interest rates are indicative. Home Guarantee Scheme eligibility and property price caps are subject to change. LMI estimates are approximate. Always consult with a licensed mortgage broker or financial advisor, and verify current grant eligibility with your state revenue office and Housing Australia. Calculations assume: 30-year loan term, principal and interest repayments, owner-occupied property, and standard lending criteria. Grant amounts, stamp duty concessions, and scheme details are current as of November 2025 but may change.
Ready to make the leap from renting to owning?
With access to over 4,000 loan options from 40+ lenders, The Loan Book is in a unique position to help you make your next move.
Don't waste yuor time on comparison sites, just talk to us. Using a Loan Book Mortgage Broker costs you nothing and comes with all the perks of us doing all the hard work.
Z3 CONCEPTS PTY LTD trading as The Loan Book (ABN 63169044688) with Credit Representative Number 529386 is a Credit Representative of Australian Credit Licence 389328.
This website provides general information only and has been prepared without taking into account your objectives, financial situation or needs. Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.
