Home Loan Savings Calculator

Home Loan Savings Planner

Saving up for your deposit can give you more home loan options such as cheaper rates. And with government schemes like the First Home Deposit Saver Account, saving to buy a house has never been easer.

Find out if you can achieve your savings goal if you make an initial contribution and make regular deposits to your savings account.

This Calculator requires Flash Player 9 and javascript to be enabled.
If you see this message one of the following occurred:

You have javascript disabled. You need to have javascript enabled for the calculator to be loaded correctly (for instructions on how to enable javascript please click here)
You have Flash Player of version 5 or lower.
You have no Flash Player installed.

You can download Flash Player 9 by clicking on the following link.

Saving to buy a house?


Email us now to assess your options for FREE
* First Name:			* Last Name:
* Phone:			* Email:
* Postcode:			* Enter Word Verification in box:
* indicates mandatory fields

Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. It is advised that you consult your financial adviser before taking out a loan.

Calculator Assumptions

Length of Month

As done in most financial calculators, all months are assumed to be of equal length. In reality, many savings accounts accrue on a daily basis leading to a varying number of days’ interest dependent on the number of days in the particular month.

Number of Weeks & Fortnights in a Year

One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.

Deposit and Interest Compounding Frequency

The calculator assumes that deposits and interest crediting occurs at the same frequency. This frequency is an input parameter entered by the user - namely monthly, fortnightly or weekly.

Rounding of Time Saved

The time saved is presented as a number of years and months, for all available repayment frequency options, namely monthly, fortnightly & weekly. This is rounded down to the next lower month and hence is slightly conservative.

Rounding of Amounts of Total Accumulation and Interest Earned

The amounts of total accumulation and interest earned are rounded to the nearer cent. In practice, the accuracy in these amounts is dependent on the rounding protocols used for interim amounts of interest credited to the account.

More information or help

For confidential assistance with your home loan or to talk to your local mortgage broker, call us at any time on 13 LOAN or call our direct line on +61 2 9249 3739.

Whats next?

Borrowing power

Ask a question

Business finance assessment

Home loan fees and charges

Award winning home loans

Debt consolidation