Loan options displayed based on property and repayment type. You can select your LVR tier.
Your new monthly repayments
Comparison
Potential savings over time
You could pay off your home loan sooner
By keeping your repayments the same as your current loan, you could pay off your home loan faster and save on interest.
Learn moreFeatures & fees
Our home loans come with a range of features to help you manage your loan. There may be fees associated with some of these features.
Ready to get started?
Refinance your home loan from another bank to CommBank. Get conditional approval in 10 minutes online.
How the Calculator Works
Our refinance calculator helps you understand how much you could save by securing a better interest rate
Enter your current loan details
Input your current loan balance, remaining term, and interest rate
Enter your new loan details
Choose your property type, repayment type, and expected new interest rate
See your savings
The calculator will show your potential savings monthly, yearly, and over the life of your loan
Why Refinance Your Home Loan?
Lower Interest Rates
Refinancing can help you secure a lower interest rate, potentially saving you thousands of dollars over the life of your loan.
Better Loan Features
Gain access to better loan features like offset accounts, redraw facilities, and flexible repayment options that your current loan might not offer.
Consolidate Debt
Combine multiple debts into your home loan to simplify your finances and potentially reduce your overall interest costs.
Access Home Equity
Tap into the equity you've built in your home to fund renovations, investments, or other major expenses.
Disclaimer: This calculator provides general information only. The actual savings from refinancing will depend on your specific circumstances, including loan fees, features, and eligibility criteria. Consult with a financial professional before making any decisions.
Frequently Asked Questions
Your borrowing power is estimated based on your income, expenses, existing debt obligations, and current interest rates. Lenders typically use a debt service ratio to determine how much you can borrow while maintaining an acceptable level of financial risk.
To increase your borrowing power: reduce existing debts, especially credit card limits; increase your income or save for a larger deposit; reduce discretionary spending for at least 3-6 months before applying; and maintain a good credit score by paying bills on time.
Borrowing power is an estimate of how much you might be able to borrow based on your financial situation. Pre-approval is a more formal assessment by a lender that conditionally approves you for a specific loan amount after reviewing your documentation and credit history.
Key factors include: your income and job stability, existing debts and living expenses, credit score and history, the size of your deposit, the property type and location, your age and loan term, and current interest rates and lending policies.
This calculator provides an estimate only, based on the information you provide and general lending criteria. Actual borrowing capacity may differ between lenders and will depend on a thorough assessment of your financial situation and credit history.