Raynor Lending Solutions

What could Help to Buy do for you?

The government can put in up to 40% of the price of your first home. This calculator shows what that could mean for you: what you might spend, where every dollar goes, and what it could cost month to month.

1

About you

Buying as

From your latest tax notice of assessment, household total. I use it to check the scheme's income cap.

Changes stamp duty concessions in most states

The other boxes you'll need to tick
  • Australian citizen (everyone buying), 18 or over
  • You don't currently own any property or land, here or overseas
  • You'll live in the home, it can't be an investment
  • You have at least a 2% deposit saved
  • Your loan comes from a lender participating in the scheme
2

The property

State or territory
Where in the state

Help to Buy price cap here: $1,000,000

Type of home
3

Your money

Everything you have for the deposit, stamp duty and other upfront costs.

Your borrowing capacity estimate from a broker or lender. Not sure? I can help check it in a strategy session.

Conveyancing, inspections and loan fees. $3,000 is a reasonable starting estimate.

Fine-tune the repayment estimate

If you'd rather not borrow to your limit, cap the result at a repayment you're happy with.

The 6.2% starting rate is only a typical figure. Your actual rate depends on your circumstances and will change over time.

How the scheme works

Three parts pay for one home

You put in as little as 2%, the government contributes up to 40% (new build) or 30% (existing home), and a normal home loan covers the rest. There's no lenders mortgage insurance and nothing to pay on the government's share while you live there. Fill in your details to see your own numbers.

Discuss your estimate

I can help check your borrowing capacity and scheme eligibility with a participating lender. These estimates are not an approval.

Book a free strategy session

Or reach me directly: Jai Raynor, 0433 967 807, jai@raynorlendingsolutions.com.au

Not using Help to Buy? My free cost to complete calculator estimates stamp duty and the total cash a standard purchase may need. Scheme limits for every state are in the Help to Buy figures, and duty at each price is in stamp duty by state.