Deposit savings calculator
Calculate how much you need to save, and for how long, to put together a deposit on your dream home.
The size of your deposit will determine your bond/loan amount.
Deposit percentage required
The banks typically work on a deposit that is 10% of the purchase price of the property.
Any current savings you might have, which could go towards a deposit, as part of the transaction to buy your new home.
Deposit required date
The date by which you will need to pay the deposit and therefore the amount of time you have to save.
Savings interest rate
The interest rate offered by the bank or other financial institution where your deposit savings are held.
The total amount you need to save for a deposit on your new home.
Monthly savings amount required
The monthly amount you need to save towards a deposit on your new home.
Total savings required
The total deposit amount you need to save to meet the bank's requirements (typically 10% of purchase price).