Property Purchase Cost Calculator
Estimate the Upfront Costs of Buying a Property
Buying a home involves more than the purchase price. Use the calculator to estimate common upfront costs and get a clearer picture of the funds you may need before settlement.
Calculate Your Purchase Costs
Property Purchase Cost Calculator
Enter your details into the calculator below to estimate the costs associated with purchasing a property.
What to Allow For
A Property Purchase Can Include More Than Your Deposit
Depending on the property and your circumstances, a purchase may involve a number of upfront costs in addition to your contribution towards the purchase price.
Stamp Duty and Government Charges
Transfer duty, transfer registration and mortgage registration costs may apply. Concessions and exemptions can depend on your circumstances and location.
Conveyancing and Legal Costs
A conveyancer or solicitor can assist with the contract, searches, settlement and other legal aspects of the property transaction.
Inspections and Reports
Building, pest or other specialist inspections may be worth considering before committing to a purchase.
Lender and Loan Costs
Depending on the lender and loan structure, establishment, valuation, settlement or other lender fees may apply.
Lenders Mortgage Insurance
LMI may apply to some higher loan-to-value lending scenarios. Eligibility, cost and policy vary between lenders.
Settlement Adjustments and Moving
Council or water adjustments, insurance, moving expenses and other practical costs can also affect the funds needed to complete a purchase.
Looking at the Bigger Picture
The Calculator Is a Starting Point — Not a Loan Approval
A purchase-cost estimate can help with planning, but the amount you can borrow and the funds required to complete a purchase depend on much more than one calculator result.
- Your available deposit and savings
- Your income and ongoing commitments
- Property value and purchase price
- Lender servicing requirements
- Loan-to-value ratio and possible LMI
- First home buyer eligibility where relevant
- Loan structure and selected features
- Final lender and settlement costs
Next Steps
From an Estimate to a Purchase Plan
Run the Numbers
Use the calculator to get an initial estimate of common costs associated with your proposed purchase.
Review Your Position
We can look at your deposit, borrowing position, loan requirements and likely funds needed to complete the purchase.
Prepare for the Purchase
Once the lending strategy is clear, we can help with pre-approval or the loan application and support you through to settlement.
Frequently Asked Questions
Property Purchase Cost Questions
Does the calculator show the exact amount I will need?
No. It is intended as a general estimate only. Actual costs can change according to the property, state, lender, loan structure, professional fees and your eligibility for any concessions.
Are purchase costs separate from my deposit?
Often, yes. Buyers may need to allow for government charges, legal costs, inspections, lender costs and other expenses in addition to their contribution towards the property price.
Can first home buyer concessions reduce the cost?
Potentially. Available concessions and schemes depend on the jurisdiction and current eligibility criteria, so these should be checked for your specific purchase.
Should I get pre-approval before making an offer?
Pre-approval can help you understand the lending position before purchasing, although it is not a guarantee of final approval and will remain subject to lender conditions.
Planning a Property Purchase?
Book a free initial conversation with OCEAN Lending to discuss your deposit, borrowing position and the funds you may need to complete your purchase.
Email: scott@oceanlending.com.au
The information and calculator results on this page are general estimates only and do not take into account your objectives, financial situation or needs. Government charges, lender fees, eligibility criteria and lending policies can change. Finance is subject to lender assessment and approval. Consider obtaining independent legal, taxation or financial advice where appropriate.