How much deposit does that need?
The deposit a price needs at a stated maximum LVR, and the price your savings already clear today. It opens on an example — change any figure to make it yours.
$170,000.00deposit needed
$50,000.00 still to saveThe price your savings clear today$600,000.00
Loan at this price$730,000.0085.88% LVR
- The deposit required is whatever the stated maximum LVR does not lend on the purchase price, rounded up to the cent. A deposit rounded down is a deposit short.
- Legal fees, building reports, moving costs, and any low-equity charge sit outside this figure. They are real money and they are not in it.
- Savings are counted exactly as entered, with no view on whether every dollar of them can actually be drawn on settlement day.
deposit_required · engine v1 · policy v1 · assumptions v2