Calculators
Due to the recent budget announcement, first home buyers of new properties may be eligible for Stamp Duty relief. Check your eligibility using the links below
How much can I borrow?
How much deposit do I need?
What are my repayments?
LMI vs LPC
LMI (Lender’s Mortgage Insurance) is generally a one-off fee charged by lenders to home buyers who need to borrow more than 80% of the value of the property. This means that if you do not have a deposit of 20% of the property price, you’re probably going to have to pay LMI. HomeStart can provide loans from as little as 3% deposit and we do not charge LMI. Instead we have a Loan Provision Charge (LPC) which is significantly less than LMI.
How much can I borrow?
This calculator will give you an indication of the maximum amount you may be able to borrow to buy your own home.
Your details
| Number of applicants | |
| Number of dependants | |
| First home buyer |
Your earnings
| Borrower 1 income (after tax) | |
| Borrower 2 income (after tax) | |
| Borrower 3 income (after tax) | |
| Borrower 4 income (after tax) | |
| Borrower 5 income (after tax) |
Financial commitments
| Total credit card limits | |
| Other commitments |
Your purchase
| Property type | |
| Suburb | Adelaide |
| Property price | |
How much deposit do I need?
Find out how much deposit you may need when you take out a HomeStart loan.
Your details
| First home buyer |
Your purchase
| Property price | |
| Property type | |
| Suburb | Adelaide |
What are my repayments?
This calculator will give you an indication of how much your repayments would be on a HomeStart loan.
Your purchase
| Loan amount |
LMI vs LPC
Your deposit
| Deposit |
Your property price
| Property price |
HomeStart Home Loan and Advantage Loan*
Borrow up to $0
Based on fortnightly repayments of $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
HomeStart Home Loan and Shared Equity Option*
Borrow up to $0
Based on fortnightly repayments of $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
Graduate Loan and Advantage Loan*
Borrow up to $0
Based on fortnightly repayments of $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
Graduate Loan and Shared Equity Option*
Borrow up to $0
Based on fortnightly repayments of $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
Low Deposit Loan and Advantage Loan*
Borrow up to $0
Based on fortnightly repayments of $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
Low Deposit Loan and Shared Equity Option*
Borrow up to $0
Based on fortnightly repayments of $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
HomeStart Home Loan and Advantage Loan*
Home deposit $0
Fees and Charges $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
Graduate Loan and Advantage Loan*
Home deposit $0
Fees and Charges $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
Low Deposit Loan and Advantage Loan*
Home deposit $0
Fees and Charges $0
Total contribution required * $0
Based on property value of $0,00 and an estimated loan term of 19 years and 3 months
* This amount includes the $15,000 First Home Owners Grant
Breakdown of this amount
HomeStart Home Loan and Advantage Loan*
Weekly repayments
$0
for an estimated loan term of
19 years and 3 months
Fortnightly repayments
$0
for an estimated loan term of
19 years and 3 months
Monthly repayments
$0
for an estimated loan term of
19 years and 3 months
Graduate Loan and Advantage Loan*
Weekly repayments
$0
for an estimated loan term of
19 years and 3 months
Fortnightly repayments
$0
for an estimated loan term of
19 years and 3 months
Monthly repayments
$0
for an estimated loan term of
19 years and 3 months
Low Deposit Loan and Advantage Loan*
Weekly repayments
$0
for an estimated loan term of
19 years and 3 months
Fortnightly repayments
$0
for an estimated loan term of
19 years and 3 months
Monthly repayments
$0
for an estimated loan term of
19 years and 3 months
Please note our calculators show Stamp Duty included in the fees and charges in all cases. However, based on the recent announcement in the State Budget on the 15th of June 2023 first home buyers of new properties may be eligible for Stamp Duty relief. Please click here to check your eligibility while we work to update our calculators.
This calculation is not an offer of credit and is intended as a guide only.
* Fees and charges include establishment fee, valuation fee, conveyancing fees, settlement fee and government fees such as title search fees and stamp duty.
The Advantage Loan is combined with another HomeStart loan that suits your situation. No repayments are required until you have paid your HomeStart loan portion in full.
The Shared Equity Option is up to 25% of the purchase price as a repayment-free and interest-free loan.
Remember, to be eligible for a home loan with HomeStart you must:
- Have a regular income, this can include your Centrelink benefits
- Be over 18 years of age
- Be an Australian permanent resident or an Australian citizen
- Be purchasing a home within South Australia
^ Based on a total House and Land Package up to $320,000 (land cost of $130,000, build cost of $190,000) from a participating builder (includes $10,000 builder contribution). Also assumes customer is eligible for the First Home Owner Grant and HomeStart's Graduate Loan. Eligibility criteria, terms and conditions apply. Fees and charges are payable.
