Most banks will not lend you the entire value of a property when you purchase a home. You're usually going to need a deposit of at least 5% of the purchase price, but there are caveats to how much deposit you'll actually need.

Calculate your mortgage repayments

$
%
Repayment calculation is based on a loan period of 30 years

More Home Loan Guides

Best home loans

2.57%Interest rate 2.59%Comparison rate
2.49%Interest rate 2.49%Comparison rate
2.64%Interest rate 2.64%Comparison rate
2.73%Interest rate 2.78%Comparison rate

Featured Rates

More Mortgage News

Expert Advice