Progress Payments Calculator - Home and Land Package

Do not use commas or symbols - numbers only!
Select your state/territory: $   choose        
Value of Land: $   required Package Value  
Value of Home: $  required $  
Interest Rate:    %       required (max 2 decimal places)  
Land Deposit: $ House Deposit: $
               

 
               

Home and Land Package Costs (incl stamp duty, interest on land and interest on progress payments to builder)
      Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 TOTAL
Stamp Duty on Land only:                     $
Interest on Land: $ $ $ $ $ $ $ $ $ $ $
* NOTE: Percentages below based on Industry Standard progress payments to the builder & may be changed by user to suit your circumstances!
Deposit:  5% * % $ $ $ $ $ $ $ $ $ $ $  
Base (Slab): 10% * % $         $ $ $ $ $ $  
Frame Complete: 15% * % $           $ $ $ $ $  
Brickwork Complete: 35% * % $             $ $ $ $  
Fixing: 25% * % $                 $ $  
Practical Completion: 10% * % $                   $  
Total: 100% % 1 $ 2 $ $ $ $ $ $ $ $ $ $ $
  If you change percentages NOTE -   1 Must total 100%     2 Must equal 'Value of Home' above to be accurate            

Total Home and Land Package Value: $ Purchase Costs for Home and Land Package: $

Notes
If land is unregistered Stamp Duty is payable following Land Contract being exchanged - your Solicitor or Conveyancer will advise when this is payable.
Stamp Duty concessions for first home buyers vary from time to time and State to State - check Office of State Revenue in your State for lastest information.
Building Contract signed at outset on 5% deposit. Month 1 - 4 allows for plan preparation (drawing), approvals and materials ordering by builder. Slab is poured in month 4 or month 5.
Progress Payment percentages vary from State and builder to builder - change percentages in RED to suit your circumstances.
This calculator is based on general industry standards
 

This calculator is to be used as an indicative guide only and we advise seeking professional advice that suits your circumstances.