Deposit Comparison Estimator
Understand Your Deposit Requirements
Tailored for First Home Buyers
Easy-to-Use and Accurate Estimations
Set Your Home Ownership Goals in Motion
Streamline Your Home Purchase with the Deposit Comparison Estimator
Discover your path to homeownership with ease! Our Deposit Comparison Estimator simplifies the process of understanding your financial requirements. It helps determine how much deposit you need to save for your dream home or investment property.
The easy-to-use calculator helps you set financial goals, paving the way for a successful home buying journey.
Contact your Mortgage House lending specialist when you’re ready to take the next step.
Mortgage House can help unlock your dream home and streamline the buying process with smart financial planning.
Determine Your Deposit Requirement
Discover your borrowing power and determine what kind of home you can afford based on your credit history and financial situation.
Understand the Impact of Different Factors
Use the estimator to see how changes in interest rates, loan terms, and other variables can affect your deposit requirement.
Plan Your Saving Strategy
By knowing your deposit requirement, you can develop a saving strategy that sets you up for success in your home buying journey.
Get Support When You Need It
Have questions or need further clarification? Our dedicated team is available to provide support and guidance every step of the way.
Simplify Your Savings Goals with the Deposit Comparison Tool
Preparing for your home buying journey is easy with our Deposit Comparison Estimator.
Simply input your details and receive an accurate estimation of your deposit requirement.
The Right Mortgage Products for First Home Buyers
As a first home buyer, it’s crucial to understand your borrowing capacity and financing options. With the Deposit Comparison Estimator, you can gain insight into your financial situation and start your home buying journey with confidence.
At Mortgage House, we’re committed to offering competitive financing options and guiding you through the mortgage process. Our diverse range of mortgage products caters to various needs, whether you’re a first-time buyer, investor, renovator, or looking to refinance.
Start your journey with Mortgage House today and enjoy the benefits of our industry experience and customer-oriented service.
Our full list of products
• First Home Buyer
• Second Home Buyer
• Investor
• Refinancer
• Construction
• Renovation
• Relocation
• Self Employed
• Family Pledge
Our First Home Buyer Loans
Your Home Loan Journey Starts Here
Understand Your Deposit Requirement
Determine how much deposit you need to save. Our Deposit Comparison Estimator makes it easy to understand your financial requirements.
Explore Different Deposit Scenarios
Use our estimator to see how different factors, like changing interest rates or loan terms, can affect your deposit requirement. This knowledge will help you plan better.
Choose the Right Mortgage Product
Mortgage House offers a range of home loan products tailored to different needs. Once you know your deposit requirement, you can choose the product that suits you best.
Prepare for Homeownership
With a clear understanding of your deposit requirement, you’re ready to start preparing for homeownership. Take the next step towards homeownership with confidence!
Things you Should Know
How does the Deposit Comparison Estimator calculate deposit requirements?
The estimator considers various factors such as your income, expenses, the price of the property, and the loan term. By adjusting these variables, you can see how they influence your deposit requirement.
Can I change the variables in the estimator?
Yes, the Deposit Comparison Estimator allows you to adjust various factors to see their impact on your deposit requirement. This includes changes in interest rates, loan terms, and more.
How accurate is the Deposit Comparison Estimator?
While the estimator provides a helpful indication of your deposit requirement, it’s important to remember that actual requirements may vary based on your unique circumstances and lender criteria.
Can I use the estimator if I'm not a first home buyer?
While the Deposit Comparison Estimator is particularly beneficial for first home buyers, anyone looking to understand their deposit requirement can use it
What should I do after using the estimator?
After using the estimator, you can develop a saving strategy based on your deposit requirement. If you’re ready to take the next step, contact our team to discuss your mortgage options.
Can I use the estimator to plan for different property price ranges?
Yes, you can adjust the property price range in the estimator to see how it impacts your deposit requirement.
Will a higher income increase my deposit requirement?
Not necessarily. While your income is a factor in determining your deposit requirement, other factors such as expenses and property price also play a role.
How do expenses impact my deposit requirement?
Higher expenses can decrease your borrowing capacity, which may increase your deposit requirement. This is because lenders consider your ability to manage your current expenses along with the potential mortgage payments when deciding how much they are willing to lend.
Can I use the estimator to plan for different loan terms?
Yes, you can adjust the loan term in the estimator to see how it impacts your deposit requirement. Changing the loan term can alter the total cost of the loan and the size of the monthly payments, which in turn can affect how much you need to save for a deposit.
How do interest rates influence my deposit requirement?
< Higher interest rates can reduce your borrowing capacity, which may increase your deposit requirement. As interest rates rise, the cost of borrowing increases, and lenders may require a larger deposit to ensure you can afford the loan.
What customers say
Before using Mortgage House, we tried another broker who made us feel like we weren't important enough for him to bother dealing with properly, and we always felt like we weren't getting the whole story. Jenny from Mortgage House was completely different. From the very beginning she kept us in the loop of everything that was happening, and always made sure she got back to us in a timely manner. Being completely new to this whole process she answered all questions we had and never made us feel like we were asking a dumb question. I don't think we would have been able to buy our first property without Jenny or Mortgage House. Thanks for everything!
Cannot recommend Michael Richardson from the Sutherland branch enough - he assisted us through the transition of refinancing a mortgage every step of the way. He was always available to talk through the options & guided us wherever he could with the documentation requirements. He visited our house after hours to accommodate us getting through what would normally have been an onerous task for 2 busy working parents trying to save some money on their home loan.
I refinanced and the process couldn't have gone more smoothly, great communication throughout the process made it stress free. All staff very professional and made jargon easy to understand. Not to mention a great highly competitive variable rate that the other lenders couldn't match. Have already highly recommended to friends.
Mortgage House were very helpful. I was extremely nervous about the process of refinancing however, Brij, my consultant made everything easy for me and was really supportive throughout the whole process. The process was also very quick. I would highly recommend Mortgage House.
Benefits of Being a Mortgage House Customer
- Quick and easy application process with less paperwork needed
- Unlimited and free redraws of additional repayments
- Variable and Fixed Rates with no penalties on fixed rate loans
- Innovative online services designed to assist you
