 Deposit and LVR calculatorhttps://ratepool.com.au/calculators/deposit-lvr Explore another scenario |
Deposit and LVR calculatorhttps://ratepool.com.au/calculators/deposit-lvr Explore another scenario |
See how your deposit shapes the loan amount and what it would take to reach a lower LVR.
Enter the amount of your deposit that can go towards the property price after setting aside purchasing costs.
$40,000.00more deposit to reach 80% LVR
This does not estimate lenders mortgage insurance or decide whether a lender will approve the loan.
Each target keeps the property value unchanged and reduces the loan by adding to the deposit.
The estimated loan is the property value minus the usable deposit. LVR is the loan divided by the property value. For each target, the required deposit is the property value multiplied by the share that is not borrowed.
The calculation assumes every dollar entered as the usable deposit goes towards the property price. It excludes stamp duty, conveyancing, inspections, loan fees and other purchasing costs. It does not estimate lenders mortgage insurance because prices and eligibility differ by lender, loan and borrower. Ask the lender for a current quote.
Loan-to-value ratio compares the amount borrowed with the lender's accepted property value. A $640,000 loan on an $800,000 property has an 80% LVR. A lender's valuation can differ from the purchase price.
Your full savings balance may not be available as a deposit. Allow for stamp duty, conveyancing, inspections, loan fees and a cash buffer before entering the usable deposit.
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