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First Home Guarantee Calculator
5% Deposit Scheme

First Home Guarantee Calculator

Estimate how much you could buy with a 5% deposit under the Australian Government's First Home Guarantee — no Lenders Mortgage Insurance required.

$
Should cover your 5% deposit plus estimated stamp duty. We'll calculate both for you.
Metro includes the capital city and Housing Australia's designated regional growth centres.
Some states offer larger stamp duty concessions on new builds and vacant land.
An illustrative rate only — used to estimate repayments below. Your actual rate depends on lender, product and your circumstances.
Enter your details and click Calculate to see how much you could buy.
How to read this estimate: figures are calculated from published Housing Australia price caps and state stamp duty scales as at July 2026, using owner-occupier rates throughout (not investor rates), since this tool is built for buyers purchasing a home to live in. It is not a loan quote, pre-approval or financial advice, and doesn't account for your income, expenses or credit history — actual borrowing capacity, scheme eligibility and duty payable depend on lender assessment. We've shown an estimated interest rate rather than a comparison rate: a comparison rate is driven by each lender's specific fees and charges, so it can't be calculated from a rate figure alone and isn't meaningful in an illustration like this — we'll confirm the real comparison rate for any product we recommend. Speak with a broker to confirm how this applies to your situation.

First Home Guarantee FAQs

Common questions about buying with a 5% deposit under the scheme.

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Related guides

Borrowing Power Calculator

Get an idea of how much you may be able to borrow to get started on your property journey.

Calculate borrowing power →

Repayment Calculator

Estimate repayments and how extra repayments may reduce interest and pay off your loan.

Calculate repayments →

Stamp Duty Calculator

The stamp duty calculator will help you estimate the state charges associated with purchasing.

Calculate stamp duty →

First Home Buyer Guide

Buying your first home involves a lot of moving parts. Here is exactly how we guide you through every stage.

Steps to your first home →

Don't qualify for Scheme

If you earn well but haven't had time to save a full deposit, or you do not qualify for the Guarantee Scheme, there is another option.

Low deposit Home Loans →

FHB's Need to Know

The First Home Owner Grant and guarantee schemes are valuable opportunities — but navigating eligibility and lender rules can be confusing.

Everything You Need to Know →

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👤 15+ years mortgage experience 🏦 Accredited with 40+ lenders 📍 Based in North Lakes, helping clients Australia-wide ⭐ Personalised, one-to-one advice 🎓 MFAA Accredited Member 🌐 Part of Australia’s largest aggregation group – LMG

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