home buying cash needed
home_buying_cash_neededBuying a home in the US, UK, Canada, Australia or Ireland: the cash needed on the day and the monthly cost. Purchase tax from the official schedules with first-time buyer relief (England and NI SDLT, Scotland LBTT, Wales LTT; Canadian land transfer tax or registration fee by province with first-time buyer refunds; Australian transfer duty with each state’s first home buyer concessions; Irish stamp duty, on the VAT-exclusive price for a new home), the CMHC premium and the sales tax on it (Canada), the First Home Owner Grant and 5% Deposit Scheme (Australia), Help to Buy (Ireland), the GST rebate on a new home (Canada), fees (estimates you can pass), the mortgage payment, PMI (US, until 78%), the lender test of the country (US 28/36 rule of thumb, Canadian stress test GDS/TDS, APRA 3-point buffer, Central Bank 4x/3.5x income, UK 4.5x guide), months of saving until the cash is there and the first year buying beats renting (rent vs buy model). Rules read 9 November 2026.
Tool call template
Replace each placeholder with a value matching the input schema. Only required parameters are included; add optional parameters as needed.
{
"id": 1,
"jsonrpc": "2.0",
"method": "tools/call",
"params": {
"arguments": {
"country": "<country>",
"price": "<price>"
},
"name": "home_buying_cash_needed"
}
}Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| rate | No | Mortgage rate, % a year | |
| rent | No | Rent paid now, a month | |
| term | No | Mortgage term or amortization, years | |
| price | Yes | Price of the home, local currency | |
| income | No | Household gross income a year | |
| region | No | US state code (AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY); UK nation (England, Northern Ireland, Scotland, Wales); Canadian province code (ON, ON-TOR, BC, AB, QC, QC-MTL, MB, NB, NS-HFX, PE, SK, NL); Australian state (NSW, VIC, QLD, WA, SA, TAS, ACT, NT); Ireland: leave out | |
| country | Yes | Country edition | |
| savings | No | Saved so far | |
| newBuild | No | Newly built home (Canada, Australia, Ireland) | |
| firstTime | No | First-time buyer (default true) | |
| depositPct | No | Deposit or down payment, % of the price (default 10) | |
| monthlySaving | No | Saved each month |