5% of $400,000
5% of $400,000.00
$20,000.00
5% of $400,000.00 is $20,000.00.
Quick answer
5% of $400,000 is $20,000. That's the deposit needed to buy an affordable $400,000 regional NSW property under the First Home Guarantee scheme, which lets eligible first home buyers purchase with just 5% down and avoid paying Lenders Mortgage Insurance.
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5% of $400,000 is one of numbers, percentages and conversion tools on OneCalculate — see the full set for this category.
Browse MathsHow it works
To find a percentage of a number, multiply the number by the percentage and divide by 100:
result = base × (percent ÷ 100). For this page, that’s $400,000 × (5 ÷ 100) = $20,000. Under the First
Home Guarantee, eligible first home buyers can purchase with a deposit as low as 5% and avoid Lenders Mortgage
Insurance (LMI), which lenders normally charge on deposits below 20% — see Moneysmart’s guide to
saving for a home deposit for how a lower
purchase price like this one affects the deposit you need.
Worked example
Dylan lives in Wallsend, a suburb of Newcastle, and has been eyeing a $400,000 townhouse close to where he grew up. Because prices in regional NSW are lower than in Sydney, his deposit target is smaller too. Using the formula: $400,000 × 5% = $20,000. That’s what Dylan needs saved to qualify for the First Home Guarantee, assuming he meets the income test and the property falls under the scheme’s regional price cap. Reaching $20,000 on a single trade apprentice’s wage is realistic within a couple of years — a big part of why he’s chosen to buy locally rather than move to a capital city.
Frequently asked questions
What is 5% of $400,000?
5% of $400,000 is $20,000. You get this by multiplying $400,000 by 0.05 (or dividing by 20).
How do I calculate a home deposit percentage?
Multiply the property price by the deposit percentage expressed as a decimal. For a 5% deposit on a $400,000 property, that's $400,000 × 0.05 = $20,000.
Can I buy a $400,000 property with a 5% deposit?
Yes, if you're eligible for a low-deposit scheme like the First Home Guarantee, which allows eligible first home buyers to purchase with as little as a 5% deposit without paying Lenders Mortgage Insurance.
Are regional properties cheaper to buy with a small deposit?
A lower purchase price means a smaller dollar deposit for the same percentage — 5% of a $400,000 regional property is $20,000, well under the $30,000+ needed for an equivalent deposit on a typical capital city property.
What would a 20% deposit be on a $400,000 property?
A 20% deposit on $400,000 is $80,000, four times the 5% deposit amount, but it would avoid Lenders Mortgage Insurance.
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Written and verified by Nirbhay Tripathi
Last updated 18 August 2026
All rates on this page are verified againstMoneysmart — Saving for a home depositon 18 August 2026. See our methodology for the full update calendar.