Yes. If the loan is more than 80% of the price, we estimate Lenders Mortgage Insurance from typical premium tiers and add it to the loan, which is how most buyers pay it. The 5% Deposit Scheme can remove LMI for eligible first home buyers when the price is under the cap for the area.

Plan

Can I Afford This Property?

Found a place you like? Enter its price and your income and savings to see the upfront costs, the loan it would need, estimated repayments and which first home buyer schemes could apply to that property.

About 2 minutes
Rates and fees verified May 2026
Free, no sign-up

The property

Asking price or price guide

State or territory

Location

A capital city or major regional centre. Sets scheme price caps.

Home type

About you

First home buyer?

Buying

Income (before tax, per year)

Total savings for this purchase

Covers stamp duty and fees first; the rest goes to the deposit.

Expenses, debts and loan settings

Dependent children

Living expenses (per month)

Lenders use a benchmark minimum if your figure is lower.

Other loan repayments (per month)

Total credit card limits

Interest rate (per year)

Loan term

Estimated repayment for this property

$4,814 / month

On a $709,156 loan at 7.20% over 30 years. An estimate based on these inputs only. A lender makes its own assessment of what you can borrow.

Upfront costs: $15,175
Loan to value (LVR): 91.4%
Estimated borrowing capacity: $329,304

Looks above your estimated range

The loan needed is about $379,852 more than your estimated borrowing capacity.

Cash you need on the day

Stamp duty and fees come out of your savings first; what is left goes to the deposit.

Stamp dutyAfter a first home buyer concession of about $8,675: $10,925
Transfer registration fee: $2,902
Mortgage registration fee: $248
Conveyancing (typical): $1,100
Upfront costs: $15,175

What is left for the deposit

Your savings: $80,000
Upfront costs: - $15,175
Left for your deposit: $64,825

Savings plus any grant, minus upfront costs.

The loan for this property

What you would borrow, and how it compares with an estimate of what a lender may lend.

Loan neededLoan-to-value ratio 91.4%: $685,175
Lenders Mortgage Insurance (estimate)Added to the loan because the deposit is under 20%: + $23,981
Total loan: $709,156

Estimated borrowing capacityAssessed at 10.20%, the buffer lenders typically test against: $329,304
Repayment if rates reach 10.20%: $6,328 / month
Repayments as a share of gross income: 61%
Extra savings to reach a 20% depositThe point where LMI usually stops applying: $85,175

Schemes for this property

First home buyer grants, concessions and federal schemes checked against this price.

Stamp duty concessionMay be eligible
About $8,675 off stamp duty at this price (already counted above).
First Home Owner GrantUnlikely here
FHOG only applies to new homes
5% Deposit SchemeMay be eligible
Price is under the $1,000,000 cap. Could remove about $23,981 of LMI.
Help to Buy (shared equity)May be eligible
The government could take up to a 30% share, which could bring the loan down to about $460,175. You would need at least a 2% deposit.

Price and income are only part of each scheme's rules (residency, living in the home and other criteria also apply). The scheme administrator or state revenue office makes the final decision. See every grant and scheme in your state

Send the property details without your finances.

This link opens the calculator with this property's price, state and home type filled in. It never includes anyone's income or savings, so it can go on a listing or in a message.

https://unpackproperty.com.au/property-affordability?price=750000&state=QLD&region=metro&type=established

Government fees and duty are estimates from published state rates. Conveyancing, inspections and moving costs vary by provider. Borrowing capacity is a rough estimate from income, expenses and debts; each lender uses its own policy, so actual figures can differ. LMI is assumed to be added to the loan. Data as of May 2026.

Keep going

Tools people usually open after checking a property.

Borrowing PowerHow much you can borrow, and how government schemes extend your capacity.2 min True Cost CalculatorHidden costs of house and land: site works, landscaping, fencing, coverings.3 min Auction Max Bid CalculatorOpen on your phone at the auction. Cash + loan + state = absolute max you can bid, stamp duty, LMI and buffer all included.2 min Grant StackerEvery federal and state grant, concession and scheme you may be eligible for.4 min Stamp Duty CalculatorPer-state estimate with FHB concessions auto-applied, foreign surcharges, total upfront.1 min LMI CalculatorYour LMI cost, upfront vs capitalised, and how FHG or Help to Buy can waive it.2 min Scheme ComparisonHelp to Buy vs 5% Deposit side by side with long-run wealth impact.3 min Rate Shock TesterRepayments if rates jump 1-3%. Banks stress-test at +3%. Now you can too.1 min

Common questions

How is this different from a borrowing power calculator?

A borrowing power calculator starts with your finances and estimates a price range. This tool starts with one specific property. It adds up the stamp duty, government fees and LMI for that price, takes them out of your savings, and then checks whether the loan left over fits your estimated borrowing capacity and income.

What do the three results mean?

Why are my savings reduced before the deposit?

How is borrowing capacity estimated?

Is LMI included?

Can I link to this check from a property listing?

Does a 'within range' result mean a lender will approve the loan?

Data verified May 2026

For illustration only. This tool does not constitute personal financial advice. Grant amounts, caps, and eligibility rules may change. Federal scheme caps shown are for capital city/regional centres and may differ for other areas. Always verify with your state revenue office and Housing Australia, and consider seeking independent financial advice before making decisions.