Deposit timeline calculator
How long until I have a deposit?
See when you'll reach a 5%, 10% or 20% deposit, including a buffer for buying costs. Most first home buyers don't wait for 20%.
You'll have a deposit of
- 5%in 8 months
$37,500 including $5,000 for buying costs
- 10%in 2 years 3 months
$70,000 including $5,000 for buying costs
- 20%in 5 years 2 months
$135,000 including $5,000 for buying costs
With less than 20% most lenders add lenders mortgage insurance, unless you use the Government's 5% Deposit Scheme or a family guarantee. First home buyers in Victoria may also pay little or no stamp duty.
How we worked this out
- Savings grow by the same amount every month, with interest added monthly at the rate you enter.
- A buying-costs buffer of $5,000 is added to each goal for conveyancing, inspections and loan fees.
- Stamp duty isn't included: first home buyers in Victoria often pay none. Use the stamp duty calculator for your price and state.
- Lenders mortgage insurance isn't included. It depends on the lender, the loan size and your deposit.
- Tax on interest earned isn't included.
Figures checked 28 September 2026. Rules and rates change.
General information only, not credit assistance. This is an estimate based on the assumptions shown. It doesn't consider your objectives, financial situation or needs, and it isn't an offer or approval of credit. Lenders assess every application on its own terms. Read our Credit Guide and talk to a broker before you decide.
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