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Upfront Costs & Stamp Duty calculator

Get a better understanding of what your upfront costs might be and how much you’ll have left for your deposit.

Important to know

This upfront cost calculator results are a guide only and are estimated based on the input data, users are responsible for ensuring the accuracy of the information entered. Your actual upfront costs may vary depending on your own circumstances (the state you live in, and other concessions) and results provided by the calculator should not be relied upon as the sole basis for making loan decisions. This calculator does not take into account Stamp Duty exemptions or Lenders' Mortgage Insurance (LMI). You should check with your solicitor, conveyancer, or State Revenue Office to confirm if you are eligible for an exemption. Calculations are for an Australian resident.

How this upfront cost calculator works

In addition to your deposit, there are a number of other upfront expenses you will have to save for when buying your home. Find out more here.

Stamp Duty is a State Government Tax levied on home buyers and it varies depending on the state or territory you’re buying in. It's generally 3-4% of the property’s value. You can use our upfront costs calculator as a guide. Your actual Stamp Duty cost may vary depending on your own circumstances. Our calculator does not take into account stamp duty exemptions. Find out more here

Lenders' Mortgage Insurance (LMI) is something you’ll need to pay if you borrow more than 80% of a property’s value (i.e. if you have less than a 20% deposit). The LMI premium is added to your loan amount which means you don’t pay for the insurance up-front. However, it does mean your loan repayments will be higher than if you borrowed a maximum of 80% of a property’s value.

LMI helps to protect the lender from financial loss if you can’t afford to meet your repayments and default on the loan.

There are factors that affect how much LMI will cost you. Find out more here.

Loan to Value Ratio (LVR) is the comparison of how much you’re borrowing against how much the property is worth.

Lenders use it to determine risk when assessing loan applications - the lower the LVR is, the lower the risk is to the lender. Find out more here.

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