Updated: 30 Nov 2022

Mortgage deposit calculator

Use our mortgage deposit calculator to work out how long it will take you to save enough deposit to buy a property in your chosen area.

Which? Money Team

Key Information

Advice on mortgage rates

Mortgage rates have rocketed since the government's mini-budget on 23 September.

If you're thinking of buying a home or need to remortgage this is likely to impact you.

For the latest news and advice on dealing with inflated mortgage rates, see the below stories, which are regularly updated:

If you're worried about making your mortgage payments, see our guide on what to do if you can't pay your mortgage.

Our unique mortgage deposit calculator uses localised house price data from across the UK to help you work out how much deposit you need to buy a home in your desired area.

When you enter your savings plans, we'll also tell you how long it will take to build up that crucial deposit.

Mortgage guides: stay smart when buying a home

Saving for a deposit might be the first step you take on your journey to owning a home, but it's still worth learning all you can about the rest of the process so you're clued up when the time comes.

You might find the following guides useful:

How to save for a mortgage deposit: a detailed look at how to save, with expert tips on budgeting and the best types of accounts to save into.
How much deposit do you need for a mortgage?Understand the pros and cons of saving more than 5%, plus how much first-time buyers are putting down in your area.
How to buy a house: our step-by-step guide to the house-buying process, from saving for a mortgage to moving day.
Finding the best places to live - undecided on where to buy? This guide explains how to research a location.

More mortgage and property calculators

For more help planning ahead for your house move, try these other mortgage and property calculators and tools:

Mortgage repayment calculator: see how much your monthly mortgage payments might cost, depending on how much you borrow and your interest rate.
Stamp duty calculator: check how much stamp duty tax you will have to pay on a property.

Browse our full list of mortgage and property calculators for more help with buying a home.

Struggling to save?

If the calculator didn't give the result you were hoping for and saving enough deposit seems impossible, there may be schemes that could help. Check out the following guides:

If you need help managing your finances during the cost of living crisis, try our free My Money Health Check tool for personalised money-saving tips.