Refinancing Costs Calculator

Refinancing can be valuable for homeowners and investors, particularly if they’re paying too much for their home loan. But refinancing isn’t always free, and will often come with costs.

Refinancing costs calculator

If you want to work out if refinancing your mortgage is worth it, our home loan refinance calculator is a good place to start.

By entering the following information for your existing loan and new loan, you can get a rough idea of how much you’ll need to pay to get your new loan:

Current property value
Current loan balance
Your state of residence
Any fees your lender charges for leaving (discharge fees, settlement fees etc.)
Any fees the new lender might charge when you join (valuation fees, legal fees, application fees etc.)

How much does it cost to refinance?

Fees differ from loan to loan, but here are the most common fees you might be expected to pay when refinancing:

Application fee: Usually up to $1,000
Valuation fee: Up to $600
Discharge fee: Anywhere from $200 up to $1,000
Break fee: If you’re on a fixed-rate loan, break fees can cost thousands of dollars (cost depends on how long left on the fixed term and the size of the loan - you’ll need to ask your lender)
Settlement fee: Anywhere from $100 to $600
Registration fee: $100-$180 (Varies by State and Territory)
Exit fees (for loans taken out before July 2011): $0-$7,000

All up, these fees can easily add up to thousands of dollars.

Looking for a home loan?

Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.

Loan amount

Compare

Lender	Advertised rate	Comparison rate*	Monthly repayment	Rate Type	Ongoing Fee	Upfront Fees	LVR	as ofDecember 10, 2023

	6.04^%_p.a.	6.06^%_p.a.	^$2,408	Variable	^$0	^$530	70^%	More details
FEATUREDOnline ExclusiveUp To $4K Cashback Includes NOV RBA Rate Increase	loans.com.au – Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%) Immediate cashback upon settlement $2000 for loans up to $700,000 $4000 for loans over $700,000
FEATUREDOnline ExclusiveUp To $4K Cashback Includes NOV RBA Rate Increase loans.com.au – Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%) Immediate cashback upon settlement $2000 for loans up to $700,000 $4000 for loans over $700,000 More details
	5.74^%_p.a.	5.65^%_p.a.	^$2,332	Variable	^$0	^$0	80^%	More details
FEATUREDRefinance OnlyApply In Minutes	Unloan – Variable Rate Home Loan – Refinance Only No application or ongoing fees. Annual rate discount Unlimited redraws & additional repayments. LVR <80% A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
FEATUREDRefinance OnlyApply In Minutes Unloan – Variable Rate Home Loan – Refinance Only No application or ongoing fees. Annual rate discount Unlimited redraws & additional repayments. LVR <80% A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank. More details
	6.09^%_p.a.	6.11^%_p.a.	^$2,421	Variable	^$0	^$250	60^%	More details
FEATUREDUnlimited Redraws	ubank – Neat Variable Home Loan (Principal and Interest) (LVR < 60%) No annual fees – None! Get fast pre-approval Unlimited additional repayments free of charge Redraw freely – Access your additional payments when you need them Home loan specialists available today
FEATUREDUnlimited Redraws ubank – Neat Variable Home Loan (Principal and Interest) (LVR < 60%) No annual fees – None! Get fast pre-approval Unlimited additional repayments free of charge Redraw freely – Access your additional payments when you need them Home loan specialists available today More details
	6.15^%_p.a.	6.15^%_p.a.	^$2,437	Variable	^$0	^$0	90^%	More details
FEATURED	Up – Up Home Variable (Principal & Interest) (LVR ≤ 90) Up is 100% owned by Bendigo Bank. Up to 50 offset accounts New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)
FEATURED Up – Up Home Variable (Principal & Interest) (LVR ≤ 90) Up is 100% owned by Bendigo Bank. Up to 50 offset accounts New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply) More details
	6.04^%_p.a.	6.06^%_p.a.	^$2,408	Variable	^$0	^$530	90^%	More details
4.6 Star Customer RatingsIncludes Nov RBA Rate Increase	loans.com.au – Variable Home Loan (LVR < 90%)
4.6 Star Customer RatingsIncludes Nov RBA Rate Increase loans.com.au – Variable Home Loan (LVR < 90%) More details
	6.24^%_p.a.	6.49^%_p.a.	^$2,460	Variable	^$248	^$350	70^%	More details
	Macquarie Bank – Offset Package Home Loan (Principal and Interest) (LVR 60%-70%) $0 application fee Fast turnaround times Estimate your borrowing power in as little as 1 minute
Macquarie Bank – Offset Package Home Loan (Principal and Interest) (LVR 60%-70%) $0 application fee Fast turnaround times Estimate your borrowing power in as little as 1 minute More details
	6.14^%_p.a.	6.16^%_p.a.	^$2,434	Variable	^$0	^$250	80^%	More details
	ubank – Neat Variable Home Loan (Principal and Interest) (LVR 70%-80%)
ubank – Neat Variable Home Loan (Principal and Interest) (LVR 70%-80%) More details
	6.30^%_p.a.	6.32^%_p.a.	^$2,476	Variable	^$0	^$350	80^%	More details
	Macquarie Bank – Basic Home Loan (Principal and Interest) (LVR 70%-80%) $0 application fee Fast turnaround times Estimate your borrowing power in as little as 1 minute
Macquarie Bank – Basic Home Loan (Principal and Interest) (LVR 70%-80%) $0 application fee Fast turnaround times Estimate your borrowing power in as little as 1 minute More details
	6.49^%_p.a.	6.32^%_p.a.	^$2,526	Fixed	^$0	^$440	80^%	More details
	Reduce Home Loans – Home Owners Dream Fixed Cashback 1 Year (LVR < 80%)
Reduce Home Loans – Home Owners Dream Fixed Cashback 1 Year (LVR < 80%) More details
	6.59^%_p.a.	7.68^%_p.a.	^$2,552	Fixed	^$395	^$0	70^%	More details
	Westpac – Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year (LVR < 70%)
Westpac – Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year (LVR < 70%) More details
	6.74^%_p.a.	8.31^%_p.a.	^$2,592	Fixed	^$8	^$800	95^%	More details
	Commonwealth Bank – Fixed Rate Home Loan (Principal and Interest) 3 Years
Commonwealth Bank – Fixed Rate Home Loan (Principal and Interest) 3 Years More details
	6.84^%_p.a.	6.88^%_p.a.	^$2,618	Variable	^$0	^$0	95^%	More details
	NAB – Base Variable Home Loan (Principal and Interest) (New Customer)
NAB – Base Variable Home Loan (Principal and Interest) (New Customer) More details
	6.84^%_p.a.	7.06^%_p.a.	^$2,618	Fixed	^$0	^$160	80^%	More details
	ANZ – Fixed Rate Home Loan (Principal and Interest) 5 Years (LVR < 80%)
ANZ – Fixed Rate Home Loan (Principal and Interest) 5 Years (LVR < 80%) More details
	6.40^%_p.a.	6.24^%_p.a.	^$2,502	Fixed	^$0	^$0	90^%	More details
FEATURED	Up – Up Home Fixed 4 Years (Principal & Interest) (LVR ≤ 90) Up is 100% owned by Bendigo Bank. Up to 50 offset accounts New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply)
FEATURED Up – Up Home Fixed 4 Years (Principal & Interest) (LVR ≤ 90) Up is 100% owned by Bendigo Bank. Up to 50 offset accounts New joiners get $10 by signing up to the app using code UPHOMESAVINGS. (T&Cs apply) More details
	5.99^%_p.a.	6.01^%_p.a.	^$2,396	Variable	^$0	^$210	70^%	More details
	Heritage Bank – Discount Variable Home Loan ($150k+) (LVR < 70%)
Heritage Bank – Discount Variable Home Loan ($150k+) (LVR < 70%) More details
	6.09^%_p.a.	6.10^%_p.a.	^$2,421	Variable	^$0	^$0	60^%	More details
	P&N Bank – & Basic Home Loan (LVR < 60%)
P&N Bank – & Basic Home Loan (LVR < 60%) More details
	5.99^%_p.a.	7.76^%_p.a.	^$2,396	Fixed	^$395	^$0	80^%	More details
	Newcastle Permanent – Premium Plus Package Fixed Rate Home Loan Special (Principal and Interest) 2 Years
Newcastle Permanent – Premium Plus Package Fixed Rate Home Loan Special (Principal and Interest) 2 Years More details
	6.19^%_p.a.	6.24^%_p.a.	^$2,447	Variable	^$0	^$600	80^%	More details
	MOVE Bank – Straightforward Plus Home Loan (LVR < 80%) (New Customer)
MOVE Bank – Straightforward Plus Home Loan (LVR < 80%) (New Customer) More details
	6.49^%_p.a.	6.67^%_p.a.	^$2,526	Fixed	^$390	^$0	80^%	More details
	HSBC – Package Fixed Rate Home Loan (Principal and Interest) 4 Years (LVR < 80%)
HSBC – Package Fixed Rate Home Loan (Principal and Interest) 4 Years (LVR < 80%) More details
	5.99^%_p.a.	6.32^%_p.a.	^$2,396	Fixed	^$6	^$799	80^%	More details
	IMB Bank – Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR ≤ 80%)
IMB Bank – Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR ≤ 80%) More details
	6.49^%_p.a.	6.32^%_p.a.	^$2,526	Fixed	^$0	^$798	80^%	More details
	ING – Fixed Rate Home Loan 5 Years (LVR < 80%)
ING – Fixed Rate Home Loan 5 Years (LVR < 80%) More details
	6.39^%_p.a.	6.45^%_p.a.	^$2,499	Variable	^$0	^$835	80^%	More details
	Great Southern Bank – Basic Variable Owner Occupier Principal & Interest (LVR 70%-80%)
Great Southern Bank – Basic Variable Owner Occupier Principal & Interest (LVR 70%-80%) More details
	6.29^%_p.a.	7.65^%_p.a.	^$2,473	Fixed	^$0	^$595	95^%	More details
	Newcastle Permanent – Fixed Rate Home Loan (Principal and Interest) 5 Years
Newcastle Permanent – Fixed Rate Home Loan (Principal and Interest) 5 Years More details
	6.39^%_p.a.	7.98^%_p.a.	^$2,499	Fixed	^$395	^$0	95^%	More details
	Newcastle Permanent – Premium Plus Package Fixed Rate Home Loan (Principal and Interest) 1 Year
Newcastle Permanent – Premium Plus Package Fixed Rate Home Loan (Principal and Interest) 1 Year More details
	6.59^%_p.a.	7.27^%_p.a.	^$2,552	Fixed	^$0	^$160	90^%	More details
	ANZ – Fixed Rate Home Loan (Principal and Interest) 2 Years (LVR > 80%)
ANZ – Fixed Rate Home Loan (Principal and Interest) 2 Years (LVR > 80%) More details
	6.44^%_p.a.	6.25^%_p.a.	^$2,513	Fixed	^$0	^$400	90^%	More details
	Well Money – Well Balanced Home Loan Fixed (Principal and Interest) 1 Year (LVR < 90%)
Well Money – Well Balanced Home Loan Fixed (Principal and Interest) 1 Year (LVR < 90%) More details
	6.54^%_p.a.	6.56^%_p.a.	^$2,180	Variable	^$0	^$530	90^%	More details
	loans.com.au – Variable Home Loan (LVR < 90%) (Interest Only)
loans.com.au – Variable Home Loan (LVR < 90%) (Interest Only) More details
	6.54^%_p.a.	7.18^%_p.a.	^$2,539	Variable	^$0	^$0	95^%	More details
	P&N Bank – & Introductory Home Loan
P&N Bank – & Introductory Home Loan More details
	6.69^%_p.a.	7.19^%_p.a.	^$2,578	Fixed	^$0	^$160	80^%	More details
	ANZ – Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR < 80%)
ANZ – Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR < 80%) More details
	6.69^%_p.a.	6.32^%_p.a.	^$2,230	Fixed	^$0	^$798	80^%	More details
	ING – Fixed Rate Home Loan 3 Years (LVR < 80%) (Interest Only)
ING – Fixed Rate Home Loan 3 Years (LVR < 80%) (Interest Only) More details
	6.74^%_p.a.	7.37^%_p.a.	^$2,592	Fixed	^$0	^$160	90^%	More details
	ANZ – Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR > 80%)
ANZ – Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR > 80%) More details
	6.69^%_p.a.	7.06^%_p.a.	^$2,578	Variable	^$395	^$200	80^%	More details
	Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 70% - 80%)
Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 70% - 80%) More details
	6.49^%_p.a.	6.32^%_p.a.	^$2,163	Fixed	^$0	^$0	80^%	More details
	P&N Bank – Fixed Rate Home Loan (Interest Only) 1 Year (LVR < 80%)
P&N Bank – Fixed Rate Home Loan (Interest Only) 1 Year (LVR < 80%) More details
	6.59^%_p.a.	6.59^%_p.a.	^$2,552	Fixed	^$10	^$150	80^%	More details
	BOQ – Standard Fixed Rate Home Loan (Principal and Interest) (New Customer) 4 Years ($150k+, LVR < 80%)
BOQ – Standard Fixed Rate Home Loan (Principal and Interest) (New Customer) 4 Years ($150k+, LVR < 80%) More details
	6.64^%_p.a.	7.18^%_p.a.	^$2,565	Fixed	^$395	^$0	95^%	More details
	MOVE Bank – Complete Package Fixed Home Loan 5 year (New Customer)
MOVE Bank – Complete Package Fixed Home Loan 5 year (New Customer) More details
	6.69^%_p.a.	8.01^%_p.a.	^$2,578	Fixed	^$395	^$0	80^%	More details
	Beyond Bank – Total Home Loan Package Home Loan Fixed Special 1 Year (LVR < 80%) (New Customer Only)
Beyond Bank – Total Home Loan Package Home Loan Fixed Special 1 Year (LVR < 80%) (New Customer Only) More details
	6.69^%_p.a.	7.77^%_p.a.	^$2,578	Fixed	^$395	^$0	80^%	More details
	Westpac – Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year (LVR 70%-80%)
Westpac – Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year (LVR 70%-80%) More details
	6.69^%_p.a.	7.56^%_p.a.	^$2,578	Fixed	^$8	^$0	70^%	More details
	NAB – Tailored Home Loan Fixed (Principal and Interest) 1 Year (LVR < 70%)
NAB – Tailored Home Loan Fixed (Principal and Interest) 1 Year (LVR < 70%) More details
	6.79^%_p.a.	6.39^%_p.a.	^$2,263	Variable	^$0	^$835	70^%	More details
	Great Southern Bank – Basic Variable Owner Occupier Interest Only (LVR ≤ 70%)
Great Southern Bank – Basic Variable Owner Occupier Interest Only (LVR ≤ 70%) More details
	6.79^%_p.a.	6.42^%_p.a.	^$2,263	Variable	^$0	^$0	70^%	More details
	Suncorp Bank – Personal Purpose Back to Basics Special (Interest Only) (New Customer) (LVR ≤ 70%)
Suncorp Bank – Personal Purpose Back to Basics Special (Interest Only) (New Customer) (LVR ≤ 70%) More details
	6.79^%_p.a.	6.44^%_p.a.	^$2,263	Fixed	^$0	^$798	80^%	More details
	ING – Fixed Rate Home Loan 5 Years (LVR < 80%) (Interest Only)
ING – Fixed Rate Home Loan 5 Years (LVR < 80%) (Interest Only) More details
	6.84^%_p.a.	7.16^%_p.a.	^$2,618	Variable	^$0	^$0	95^%	More details
	Westpac – Flexi First Option Home Loan (New Customer) (LVR > 80%)
Westpac – Flexi First Option Home Loan (New Customer) (LVR > 80%) More details
	6.88^%_p.a.	6.81^%_p.a.	^$2,293	Variable	^$375	^$0	60^%	More details
	Suncorp Bank – Home Package Plus Personal Variable Special (Interest Only) ($150k+) (LVR ≤ 60%)
Suncorp Bank – Home Package Plus Personal Variable Special (Interest Only) ($150k+) (LVR ≤ 60%) More details
	7.24^%_p.a.	7.50^%_p.a.	^$2,726	Variable	^$15	^$995	55^%	More details
	Pepper – Pepper Clear Home Loan (Prime) (Principal and Interest) (LVR < 55%)
Pepper – Pepper Clear Home Loan (Prime) (Principal and Interest) (LVR < 55%) More details

Variable Basic Cashback Home Loan (Principal and Interest) (LVR < 70%)

Product Features

Immediate cashback upon settlement
$2000 for loans up to $700,000
$4000 for loans over $700,000

Monthly repayments:$2,408

6.04%Advertised Rate (p.a.)

6.06%Comparison Rate*

More details

Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of December 10, 2023. View disclaimer.

The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Infochoice group. In the interests of full disclosure, the Infochoice Group are associated with the Firstmac Group. Read about how Infochoice Group manages potential conflicts of interest, along how we get paid.

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Cost of Refinancing Calculator