Deposit & Mortgage Calculator
Enter a new-build price — see your 2.5% deposit, 20% equity loan and monthly payment.
By Scheme Tools Editorial Team · Last updated: 2026-10-10
Your First Home — Deposit & Mortgage Calculator
See how the announced 2.5% deposit + 20% government equity loan splits a new-build purchase.
🆕 Just announced. Full details (income caps, regional price caps) come at the Autumn Budget on 28 October 2026; registration opens by end of 2026. Figures below use the announced structure only.
Your deposit (2.5%)£6,250
Government equity loan (20%)£50,000
Your mortgage (77.5%)£193,750
Est. monthly mortgage payment* £1,040
*Illustrative: 5% interest, 30-year term. Equity loan interest-free initially — rate after the interest-free period TBC at the Budget. Always check the official terms on GOV.UK before deciding.