The numbers

Home Readiness Calculator

Built for the Australian market. It estimates your deposit timeline, what LMI would cost you, the repayment a lender will actually assess you on, and which government schemes change the answer.

Gross annual household income

Before tax. Lenders assess on gross income, not take-home.

Other monthly debt repayments

Car and personal loans, minimum card repayments. Not future housing costs.

Savings set aside for a deposit

Target property price

Deposit you are aiming for

2% 5% 10% 20%

Below 20% you generally pay LMI, unless a guarantee scheme applies.

Interest rate you expect

A rough current figure is fine.

How much can you save each month toward this?

I am a first home buyer I am a single parent or guardian with a dependent

Your snapshot

Fill in the numbers on the left. Your results will appear here.

A general, educational estimate. It uses a standard 30-year principal and interest repayment, the APRA serviceability buffer of roughly three percentage points, indicative LMI rates, and the 30% of gross income commonly used to define mortgage stress. It is not personalised financial or credit advice, and MaiKa is not a credit provider or credit assistance provider. Your actual borrowing capacity depends on the lender, and LMI premiums vary by insurer. Speak with a licensed mortgage broker or lender before acting on these numbers.

The official tools

Check the things only the government can confirm.

Scheme eligibility, property price caps and stamp duty are set by government and change often. These official tools always carry the current rules.

ASIC MoneysmartMortgage calculators and home buying guides 5% Deposit SchemeCheck your eligibility 5% Deposit SchemeProperty price caps for your area Help to BuyCheck your eligibility First Home Super SaverHow saving through super works Your stateStamp duty concessions and grants

These tools belong to the Australian Government and ASIC. MaiKa is not affiliated with or endorsed by them. I link to them so you always get the current figures from the source.

Go deeper

The thinking behind these numbers.

FramingHow Much Can You Actually Borrow? Front DoorThe Government Schemes, Explained Front DoorDeposits: The Real Maths

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