Home Buying Cost calculator

What is a Home Buying Cost Calculator?

A Home Buying Cost Calculator is a practical tool designed to estimate all the costs involved in purchasing a property. It accounts for upfront expenses like stamp duty, lender’s mortgage insurance (LMI), and conveyancing fees, as well as ongoing costs such as strata levies and council rates. By providing a detailed breakdown, it helps buyers understand their full financial obligations before making a purchase.

The Home Buying Cost Calculator is beneficial for a wide range of buyers:

First-Home Buyers: Offers clarity on affordability and hidden costs.




Young Families and Upgraders: Helps budget effectively when transitioning to a larger or newer property.




Investors: Provides insights into the true costs of acquiring an investment property.

How to Use a Home Buying Cost Calculator Effectively

A Home Buying Cost Calculator is simple to use and provides key insights into property costs. Follow these steps for the best results

Step-by-Step Guide:

1. Budget Wisely: Enter the purchase price, deposit amount, and loan term to establish a baseline.

2. Adjust for Scenarios:: Modify inputs for state-specific costs like stamp duty or explore how different deposit sizes or loan terms affect total costs.

Interpreting Results:

• 1. Input Key Details: Know exactly how much you’ll need upfront and over time.

• 2. Plan Financially: Spot potential shortfalls and adjust your plans accordingly.

Compare Options:

Use the tool to:

• Evaluate Properties: Test costs for multiple properties to find the best fit.

• Assess Loans: Compare terms, rates, or repayment schedules for smarter borrowing.