What is a RAD?
A Refundable Accommodation Deposit, often shortened to RAD, is one way a residential aged care accommodation price may be shown. Some families may choose to pay all, part, or none of this amount as a lump sum.
Aged care costs
Estimate aged care accommodation costs
Model how a Refundable Accommodation Deposit, a lump sum payment, and a daily accommodation payment could work together. This is an indicative estimate only, designed to help families understand the moving parts before speaking with providers and advisers.
What is a DAP?
A Daily Accommodation Payment, or DAP, is an estimated daily amount connected to the unpaid part of the RAD. This calculator uses your interest rate assumption to show how the daily and monthly estimate changes.
Why this is indicative
Actual costs may differ based on provider pricing, government rules, means assessment, optional services, and personal circumstances. Consider seeking independent financial advice before making aged care payment decisions.
Indicative estimate
$1,666.67estimated total per month
- RAD amount
- $450,000
- Lump sum paid
- $200,000
- Unpaid RAD balance
- $250,000
- Estimated DAP per day
- $54.79
- Estimated DAP per month
- $1,666.67
- Optional daily fees total
- $0
- Estimated total daily cost
- $54.79
Assumptions used
- Interest rate assumption: 8.00% per year.
- DAP is estimated using 365 days per year.
- Monthly estimates use 30.4167 average days per month.
Assumptions and limitations
What this modeller does and does not include
Included in the estimate
The unpaid RAD balance, your interest rate assumption, the estimated DAP, and optional daily fees you enter.
Not included in the estimate
Means-tested care fees, changing provider pricing, negotiated arrangements, personal financial circumstances, or any future rule changes.