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We compare a range of home loans from the large banks, mortgage brokers and smaller credit unions.
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Why compare home loans on Finder?
📞 We won't hassle you
Unlike other comparison sites, we won’t ask for your details before we let you compare, and we don’t have a call centre, so we’ll never call you.
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We work with many lenders including large banks, mortgage brokers and smaller credit unions so you can save time by comparing side by side.
💰 More money in your pocket
Australian home owners could save up to $2,200 (each YEAR!) on average, by refinancing their home loan. How much could you save?
Up to $4,000 refinance cashback.
A competitive variable rate loan from St.George. Refinancers borrowing $250,000 or more can get up $4,000 cashback for their first application (Other terms, conditions and exclusions apply)."]
Start your search for the best home loan rates
Even the smallest difference in interest rates can make a big difference to how much you end up paying for your home in the long run. To see how much you'll pay, just pop in how much you want to borrow and how long you want your loan to be. Once you've chosen a loan, click the green button to get started.
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How do I find the best home loan?
There are 3 main areas you need to look at when shopping around for a home loan: rates, fees and features.
1. Rates: the lower, the better
The lower the interest rate, the lower your payments and the more you save in the long run.
The lower the interest rate, the lower your payments and the more you save in the long run.
2. Fees: even the smallest fees can add up
Look for upfront fees like application, valuation and settlement fees, as well as ongoing monthly or annual fees.
Look for upfront fees like application, valuation and settlement fees, as well as ongoing monthly or annual fees.
3. Features: offer flexibility and savings
Offset accounts help you reduce the interest you pay, while redraw facilities let you access any extra repayments you’ve made. Not sure which features you need? Talk to a mortgage broker, obligation-free.
Offset accounts help you reduce the interest you pay, while redraw facilities let you access any extra repayments you’ve made. Not sure which features you need? Talk to a mortgage broker, obligation-free.
What are the benefits of home loan refinancing?
Refinancing to a lower interest rate will lower your monthly mortgage repayments. And even a small decrease in monthly repayments can add up to thousands of dollars over the length of a 30-year mortgage.
*Here's an example using a $400,000 mortgage with a 30-year loan term. In this scenario, the borrower has a rate of 3.30% and then refinances to a 2.80% rate 2 years into their mortgage.
Rather than switch to a new 30-year term the borrower chooses a 28-year term. They've repaid only a small amount of their loan in 2 years, so the new mortgage loan amount is $383,851.
| Details | Original loan | New loan |
|---|---|---|
| Loan amount | $400,000 | $383,851 |
| Loan term | 30 years | 28 years |
| Interest rate | 3.30% | 2.80% |
| Monthly repayments | $1,751 | $1,649 |
| Savings (monthly) | N/A | $102 |
| Savings (yearly) | N/A | $1,224 |
| Savings (28 years) | N/A | $34,272 |
The point at which you refinance affects your savings. If you refinance after 10 years in the example above you'd save less than if you refinanced after 2 years. With mortgages, time is money.
The savings figures above do not take into account any costs associated with refinancing such as government fees, upfront fees charged by the new lender, discharge fees or break costs charged by the current lender. Read our guide on the potential costs associated with refinancing here.
