1
You
Salary, HELP, health
2
Property
Price, deposit, state
3
Costs
Rates, insurance, strata
4
Results
Your real number
Steps 1 to 3 are your inputs. Step 4 is the result. Takes about 30 seconds.
Live preview updates as you go. You can always go back and change any number.
Cost calculator
What will it cost each month?
First home cost calculator
Four quick steps. See the real monthly cost, not just the mortgage.
About you
Your income determines how much you can borrow and how stretched you'll be.
Take-home: $6,151/mo after tax
What this calculator includes
ATO 2025/26 tax
Income tax brackets, Medicare levy, and Medicare Levy Surcharge if you earn over $97k without private health.
Stamp duty by state
First home buyer exemptions for NSW, VIC, and QLD. Other states use 4% estimate.
HELP/HECS + LMI
Your HELP repayment at your income level. Lenders mortgage insurance by LVR band.
The hidden costs
Council rates, water, insurance, maintenance (houses) or strata levies (apartments, townhouses, units).
Share your results
Share your results
Understanding your percentage
Under 30%
Generally manageable. Room for savings and life.
30 to 40%
Tight but common for first buyers in capital cities.
40 to 50%
A stretch. Budget carefully and stress-test with higher rates.
Over 50%
Consider a lower price, bigger deposit, or longer term.
Related tools
Stamp duty calculator. See the exact stamp duty for your state and price point.
Deposit tracker. Work out how long it takes to save your target deposit.
Eligibility checker. Check which first home buyer grants and concessions apply to you.
Borrowing power. See what factors affect how much you can borrow.
Important: This is general information only. It does not take into account your individual objectives, financial situation, or needs. It does not constitute financial advice, legal advice, credit assistance, or a recommendation of any financial product. Figures are estimates based on simplified published schedules and may not reflect current rules.
housematch.com.au does not hold an Australian Credit Licence (ACL) or an Australian Financial Services Licence (AFSL) and is not authorised to provide credit assistance under the National Consumer Credit Protection Act 2009.
housematch.com.au does not receive referral fees or commissions from any broker, lender, conveyancer, agent, or other party as at March 2026.
Before making any financial decisions, speak to a licensed mortgage broker, financial advisor, or accountant who can assess your specific circumstances. For independent guidance, visit moneysmart.gov.au.
Last reviewed: March 2026.