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Deposit Bond Calculator
Our deposit bond calculators make it simple to plan your next property move. Get an instant quote using the Deposit Bond Fee Calculator and discover how your deposit bond fee supports a smoother and more flexible property purchase, or explore your potential long term savings with the Savings Calculator. Start by choosing a calculator below to get started.
Our long-term deposit bond savings calculator shows the financial advantage of using a deposit bond to secure a property instead of paying a cash deposit upfront. By entering a few simple details, you’ll see the potential savings instantly.
Whether you’re buying your first home, investing in property, buying off-the-plan or downsizing, a deposit bond makes it easy to protect your investments and cash flow while you wait for settlement.
Calculate how much you could save with a long term deposit bond for an off-the-plan purchase.
How the deposit bond savings calculator works
Our calculator shows you the difference between paying a full cash deposit upfront compared to using a Deposit Power long-term deposit bond instead. Here’s how it works:
- Simply enter the purchase price, settlement timeframe and deposit amount to get started.
- We’ll instantly show you two scenarios of savings if you were to keep your money in a high interest savings account, or home loan offset account until settlement, compared to paying a relatively small deposit bond fee.
- You can then choose to share the quote with others.
- If you’re ready to proceed, apply now. (Or if you’re applying for a deposit bond on behalf of a client, log in to your portal to apply).
Can I save money using a deposit bond?
Yes, deposit bonds can help you save thousands if you’re buying a property off-the-plan. Instead of locking away a large sum of money for months or even years in a developer’s trust, you pay a relatively low one-off Deposit Power bond fee and keep the rest of your funds until settlement.
By holding onto your equity until settlement, you can keep your money available for other investments and maintain greater financial flexibility.
Deposit Power’s upfront fee is likely lower than the rate at which your funds can earn or save interest in either a high interest savings account, or home loan offset account. This means that a Deposit Power deposit bond is a cost effective and safer way to purchase an off-the-plan property.
Deposit bond calculator FAQs
What information do I need to use the savings calculator?
To use the savings calculator, you’ll need a few basic details:
- Your property’s purchase price
- The required deposit amount
- The anticipated settlement or sunset date
With these inputs, the deposit bond savings calculator can instantly show how much interest you could save (or earn) by using a deposit bond instead of paying a full cash deposit upfront.
Why does using a deposit bond reduce upfront costs?
Using a long-term deposit bond reduces upfront costs because you only pay a low one-off fee instead of handing over the full cash deposit at exchange. This allows you to keep your savings or equity available for other needs such as an offset account, investments, or preparing for settlement. It’s the smart alternative to locking away a large amount of money for an extended period.
Is this calculator suitable for off-the-plan or long settlements?
Yes. Our deposit bond savings calculator is designed specifically for off-the-plan purchases and long settlement periods. It helps you see how much money you can keep on hand during the extended timeframe, making it easier to plan your finances and maintain flexibility until settlement.
How accurate are the savings shown?
The savings shown are estimates based on the information you enter and current industry average interest or home loan rates, giving you a clear indication of how much cash you could retain by using a deposit bond. While they’re a helpful guide for planning and comparison, your exact savings may vary depending on your final purchase details and settlement timeframe.
What do I need to do to complete a Deposit Power bond application?
Follow this simple process to complete an application for a deposit bond:
- Get an online quote: Enter your basic purchase details into the deposit bond savings calculator above to see your deposit bond fee instantly.
- Submit your application: Provide the requested documents for digital approval. Most short-term bonds are approved instantly, while long-term bonds may take a little longer if extra information is needed.
- Pay the one-off fee: Once approved, pay securely online. Your digital deposit bond will be issued instantly, complete with a QR code you can present to your agent right away.
Unlock your buying power with a Deposit Power bond.
Learn what a deposit bond is and how it works.
Discover the key benefits of using a deposit bond.
See what you need to qualify for a deposit bond and how to apply.
Find out who can use a deposit bond for their property purchase.
