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First Home Buyer Calculator Australia 2026 | Deposit, Stamp Duty, Grants (FHOG) & Upfront Costs

Use GlobalCalqulate’s free First Home Buyer Calculator (Australia, 2026) to estimate how much money you need to buy your first home. Calculate deposit, stamp duty, first home buyer concessions/exemptions, First Home Owner Grant (FHOG) eligibility estimates, Lenders Mortgage Insurance (LMI), and total upfront costs. Works for Australian states and territories including NSW, VIC, QLD, WA, SA, TAS, ACT and NT for smarter first-home budgeting.

Property details

$

Deposit & loan

%
%

First home buyer schemes

$

Other upfront costs

$
$
$
Estimated Monthly Repayment
3507
@ 6% for 30 years
Loan Amount
585000
Total Interest Over Loan
677653
Total Amount Payable
1262653
Deposit Percentage
10.0%
Loan to Value Ratio (LVR)
90.0%
Upfront Cash Needed
80000
True Monthly Housing Cost
4077

✓ Last updated: March 2026 | Built with CRA-official rates, Bank of Canada data, and OSFI guidelines

How to Use This Calculator

Enter property price

Add the purchase price of the home you want to buy.

Set deposit and schemes

Choose deposit percentage and include FHOG or LMI if applicable.

View upfront cost estimate

See deposit, grants, and total cash needed.

Understanding Your Results

Deposit Required
Cash needed based on chosen deposit percentage.
Estimated Stamp Duty
Indicative stamp duty before concessions.
LMI Cost
Insurance cost when deposit is below typical thresholds.
Total Upfront Cash
Total money needed before settlement.

Key Tips

  • ✓
    Higher deposits reduce LMI and loan size.
  • ✓
    Check state-specific FHOG and stamp duty rules.
  • ✓
    Budget extra for inspections and legal fees.

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Buying Your First Home in Australia – Cost Breakdown

What Is a First Home Buyer?

A first home buyer is someone purchasing their first residential property in Australia and may be eligible for government assistance.

Understanding Deposits

Most lenders prefer a 20% deposit, but smaller deposits may be possible with LMI.

Stamp Duty & Concessions

Many states offer reduced or zero stamp duty for eligible first home buyers.

What Is LMI?

Lenders Mortgage Insurance protects the lender when you borrow a high LVR.

Using This Calculator

Enter your property price and deposit to estimate upfront cash needed.

Example First Home Buyer Scenario (Australia)

Typical first home purchase using a 10% deposit with FHOG applied.

Example Inputs
  • Property price$650,000
  • Deposit10%
  • FHOG$10,000
  • Other costs$3,600
Example Results
  • Deposit required$65,000
  • Estimated LMI$12,500
  • Total upfront cash$71,100
Figures are indicative only. Actual repayments may vary by lender.
Help & FAQs

Frequently Asked Questions

Clear answers to common questions to help you use this calculator confidently.

How does the GlobalCalqulate First Home Buyer Calculator Australia work?

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The GlobalCalqulate First Home Buyer Calculator Australia estimates the costs and savings needed to purchase a first home based on property price, deposit, income and other inputs. You can adjust values to explore different scenarios. Results are indicative and meant for planning.

What inputs do I need to use the First Home Buyer Calculator?

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You enter details such as property price, deposit amount, income, expenses and loan term. Some calculators may also include interest rate and government incentives. All values are entered in AUD.

What results does this first home buyer calculator show?

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The calculator shows estimated deposit requirements, loan size and potential repayments. It helps you understand whether a purchase may be within reach.

How accurate is this First Home Buyer Calculator for Australia?

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The calculator uses standard home loan formulas and common Australian assumptions. Actual outcomes may vary depending on lender criteria and policy changes.

What assumptions does this calculator make?

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It assumes constant interest rates and steady income. It does not account for future market changes or individual lending assessments.

Does this calculator consider Australian first home buyer schemes?

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It can provide indicative estimates based on typical schemes and grants. Eligibility rules may differ by state and over time.

Who should use the First Home Buyer Calculator Australia?

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Australians planning to buy their first property can use this calculator. It is useful for early-stage budgeting and goal setting.

Is this calculator suitable for couples?

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Yes. Couples can enter combined income and savings to estimate affordability. This helps with shared planning.

Can renters use this calculator to plan a purchase?

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Yes. Renters can use it to see how much deposit they may need and estimate potential repayments. It supports long-term planning.

What happens if I increase my deposit?

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A larger deposit usually reduces the amount you need to borrow and may lower repayments. The calculator shows how this affects results.

What happens if interest rates rise?

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Higher interest rates generally increase repayments and total interest. You can adjust the rate to test different scenarios.

How does changing the property price affect affordability?

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Higher property prices increase deposit and loan size. Lower prices reduce overall costs.

What happens if I shorten or extend the loan term?

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Shorter terms increase repayments but reduce total interest. Longer terms lower repayments but increase total cost.

Does this calculator work for Sydney, Melbourne and other Australian cities?

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Yes. The calculator can be used across all Australian cities. Location does not change the core calculations.

Can regional Australians use this first home buyer calculator?

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Yes. Regional users can enter their own figures and receive the same type of estimates as metro users.

Does this calculator include taxes, stamp duty or legal fees?

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Some costs may be shown as estimates, but not all government or legal fees are included. These should be considered separately.

Is the First Home Buyer Calculator Australia financial advice?

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No. The results are estimates for general planning purposes only. You may wish to seek personalised guidance from a qualified professional.

Need more help? Contact support or email pavantejakusunuri@gmail.com

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