Work out home down payment fund instantly with clear inputs, formula shown and shareable results.
A down payment fund must cover both the deposit and the transaction costs — stamp duty, registration and legal fees typically add around 7% of price, and lenders will not finance them.
Down payment fund
Target = future price × down payment share + transaction costs; monthly = target / annuity factor
Figures are estimates for planning only. Prices, returns, inflation and personal circumstances all change. This is not financial or tax advice — speak to a qualified adviser before making decisions.
Because they must be paid from your own money on completion day, and they are large enough to derail a purchase.
It raises the target, which is why the fund should be invested rather than held in cash over a five-year horizon.