How to use our property buying costs calculator
Want to calculator the total property buying costs? It’s easy, simply use our handy tool.
Minimise your interest rate by maximising your loan deposit. Calculate how much deposit you will have after deducting upfront costs like stamp duty, transfer fees, mortgage registration fees, loan application fees, legal fees, lenders mortgage insurance (LMI), conveyancing, land taxes, strata search fees and moving expenses.
Ensure upfront that you can meet your monthly installments by factoring in regular ongoing costs like insurance, building and pest inspection, home and contents insurance and council rates.
What are the real costs of buying a home?
When people buy a property, they often don’t consider all the extra costs on top of the purchase price. This oversight could reduce your deposit and push you into a higher interest rate. Alternatively, it can push you into financial distress if monthly payments have to include unexpected ongoing costs.
Use our Property Buying Cost calculator to quickly factor all the costs of buying a property into your budget planning, then use it as a checklist to avoid upfront cost surprises and manage ongoing expenses.
Property Buying Costs FAQs
Yes. Upfront costs, along with the home purchase price, can be factored into your home loan. Just bear in mind this will reduce the percentage value of your deposit, which may trigger other considerations.
For example, $100,000 may equal 20% deposit on a $500,000 purchase price, but it becomes less than 20% deposit if you add upfront costs to the purchase price. This may affect a few things, like the eligible interest rate or lenders mortgage insurance. One remedy to such side effects is to top up your deposit.
Need help understanding fees? Research the navigating home loan fees guide or call us for a real chat.
Yes, in most cases, Lenders Mortgage Insurance (LMI) can be avoided if your deposit exceeds 20%, but if you capitalise upfront costs into your home loan then your deposit may fall below 20% and trigger Lenders Mortgage Insurance (LMI).
For more details, read the lenders mortgage insurance article or call us for a real chat.
Yes, in most cases, you will need to pay stamp duty, but it varies state by state and property value. It may even be exempt in some instances or you could get a grant towards it in others.
To learn about stamp duty, research the stamp duty explained guide or call us for a real chat.
Other Calculator
Why choose us?
loans.com.au is an award-winning online lender that is proudly Australian and based in the heart of Brisbane, with offices in other capital cities.
Super low interest rates
Experienced, Brisbane-based loan specialists
Flexible home loans
Awarded by our industry
Australian owned and run
onTrack Advantage
Our Awards
We’re efficient. For the last 10 years, we’ve won awards each year for our innovation, low rate home loans and car loans and extras like our offset sub-account from experts like RateCity, Canstar and WeMoney to name a few.
Whatever stage of the home loan journey you're at, we can help
I'm buying my next home
We can approve your application quickly to help you get the keys to your next home as soon as possible, and with our low rates, it's possible for you to own your home sooner.
I'm refinancing
At loans.com.au, we make it easy for you to start saving thousands on your home loan repayments, as soon as possible. You don't even have to contact your old lender - we can do the hard work for you.
I'm buying my first home
The friendly lending specialists at loans.com.au are here to help you as much as you need when buying your first home. We can walk you through all your options to find the right loan for you, and we have a number of handy guides and videos available to help with the process.
I'm building a home
When you're building or doing major renovations, you have a lot on your mind. We can help take the stress out the finance with low rates and an easy online application so you can focus on the build.
Got a question? We can help
Chat online now
If you need help using our Home Loan Repayment Calculator or are ready to get started on your home loan journey, send us a message via Live Chat and we’ll get back to you instantly.
Talk to a home lending specialist
Our experienced lending specialists can answer any questions you have on our home loans or the home loan process.