Calculators

Calculators

Use our simple and easy calculators to work out how much you could borrow and how much deposit you may need for a HomeStart loan.

How much can I borrow?

Your details

Your earnings

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$
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$
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$
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$
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$
+ -

Your expenses

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$

Your purchase

$

How much deposit do I need?

Your details

Your purchase

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LMI vs LPC

LMI (Lender’s Mortgage Insurance) is generally a one-off fee charged by lenders to home buyers who need to borrow more than 80% of the value of the property. This means that if you do not have a deposit of 20% of the property price, you’re probably going to have to pay LMI. HomeStart can provide loans from as little as 3% deposit and we do not charge LMI. Instead we have a Loan Provision Charge (LPC) which is significantly less than LMI.

Deposit

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$1k $100k

Property price

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$75k $750k

Save money by avoiding LMI

LMI: a once off fee charged by banks and credit unions when you have less than 20% deposit. LMI for a $400,000 property with a 5% deposit would be $14,174. LPC: the HomeStart charge instead of LMI. LPC for a $400,000 property with a 5% deposit is $1,425.

Congratulations

Based on your deposit you would not have to pay Lenders Mortgage Insurance, you would save $630 by financian with a bank or credit union

HomeStart LPC
LMI

HomeStart Home Loan and Advantage Loan*

Borrow up to $0

Based on fortnightly repayments of $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit Required
or boost your borrowing power

HomeStart Home Loan and Shared Equity Option*

Borrow up to $0

Based on fortnightly repayments of $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit Required

Graduate Loan and Advantage Loan*

Borrow up to $0

Based on fortnightly repayments of $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit Required
or boost your borrowing power

Graduate Loan and Shared Equity Option*

Borrow up to $0

Based on fortnightly repayments of $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit Required

Low Deposit Loan and Advantage Loan*

Borrow up to $0

Based on fortnightly repayments of $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit Required
or boost your borrowing power

Low Deposit Loan and Shared Equity Option*

Borrow up to $0

Based on fortnightly repayments of $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit Required

HomeStart Home Loan and Advantage Loan*

Home deposit $0

Fees and Charges $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit required

Graduate Loan and Advantage Loan*

Home deposit $0

Fees and Charges $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit required

Low Deposit Loan and Advantage Loan*

Home deposit $0

Fees and Charges $0

Total deposit required * $0

Based on property value of $0,00 and an estimated loan term of 19 years and 3 months * This amount includes the $15,000 First Home Owners Grant Breakdown of this amount

Home Deposit
Fees & Charges
Registration of transfer
Stamp Duty on transfer
Conveyancer
Establishment Fee
Loan Provision Fee
Mortgage Reg Fee
Search Fee
Search Admin Fee
Settlement Fee
Valuation Fee
Administration Fee
   
Government Grants
Total Deposit required

HomeStart Home Loan and Advantage Loan*

Weekly repayments $0 for an estimated loan term of
19 years and 3 months

Fortnightly repayments $0 for an estimated loan term of
19 years and 3 months

Monthly repayments $0 for an estimated loan term of
19 years and 3 months

Graduate Loan and Advantage Loan*

Weekly repayments $0 for an estimated loan term of
19 years and 3 months

Fortnightly repayments $0 for an estimated loan term of
19 years and 3 months

Monthly repayments $0 for an estimated loan term of
19 years and 3 months

Low Deposit Loan and Advantage Loan*

Weekly repayments $0 for an estimated loan term of
19 years and 3 months

Fortnightly repayments $0 for an estimated loan term of
19 years and 3 months

Monthly repayments $0 for an estimated loan term of
19 years and 3 months

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This calculation is not an offer of credit and is intended as a guide only.


Privacy Statement
 

Fees and charges include establishment fee, valuation fee, Loan Provision Charge, conveyancing fees, settlement fee and government fees such as title search fees and stamp duty.
 

*The Advantage Loan is combined with another HomeStart loan that suits your situation. No repayments are required until you have paid your HomeStart loan portion in full.
 

*The Shared Equity Option is offered once you have reached your borrowing limit on a HomeStart home loan.
 

Remember, to be eligible for a home loan with HomeStart you must:

  • Have a regular income, this can include your Centrelink benefits
  • Be over 18 years of age
  • Be an Australian permanent resident or an Australian citizen
  • Be purchasing a home within South Australia