REFINANCE MORTGAGE CALCULATOR FULL
Full terms and conditions will be set out in our loan offer, if an offer is made.
Applications are subject to credit approval, satisfactory security and minimum deposit requirements. Full terms and conditions will be included in our loan offer.Ĭalculations are not a loan approval. We reserve the right to terminate the offer at any time. Cashback will be credited to a Commonwealth Bank transaction account linked to the loan or the borrower/s within 90 days of loan funding (this could be a joint account with an unrelated party). This offer cannot be combined with a Wealth Package fee waiver. Where all applicants have received a cashback in the past 12 months, the joint loan will not be eligible for the cashback. Where one of the joint applicants has received a cashback in the last 12 months, that customer will not qualify for the offer. Limit of one $2,000 cashback per joint application. individual, joint borrowers, company) and per customer over a 12 month period. Limit of one $2,000 cashback per borrowing entity (e.g. Viridian lines of credit may be eligible as part of a multiple loan facility application if the total minimum refinance amount of $250,000 or more is met. ^ Offer available on eligible home loans funded on and from 1 January 2020 (except for Owner Occupied Interest Only home loans, which are eligible if funded on and from 7 April 2020), where at least $250,000 has been refinanced from a financial institution other than Commonwealth Bank or Bankwest. This may mean you pay more interest over the life of the loan. During an Interest Only period, your Interest Only payments will not reduce your loan balance. Comparison rates for fixed or guaranteed Interest Only loans are based on an initial Interest Only period equal in length to the fixed or guaranteed period. Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Different terms, fees or other loan amounts might result in a different comparison rate. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. * Comparison rate calculated on a $150,000 secured loan over a 25-year term. At the end of an Interest Only period, your repayments will increase to cover principal and interest components. During an interest only period, your interest only payments won’t reduce your loan balance. We have different rates that apply, depending on whether you’re making interest only payments or principal and interest repayments. Interest rates referenced are current rates and may change at any time Please refer to the Wealth Package Fact Sheet or Mortgage Advantage Fact Sheet for full details. It cannot be established in the name of a business or family investment trust. on the Standard Variable Rate and Viridian Line of Credit, and a discount of 0.15% p.a. Package rates shown are based on a discount of 0.70% p.a. Breakdown of repayments can be viewed in the “End of Year Breakdown” tab above the graphġ Extra (life of loan discount) – The product discount margin will vary depending on the Loan to Value Ratio (LVR) and is set at the time loan documents are issued. As at 14 October 2022 Extra Home Loan reference rate for Owner Occupied home loans is 6.28% p.a. and the current Extra Home Loan reference rate for Investment home loans is 6.63% p.a.Ģ To be eligible for a package you must have an initial total home lending balance of $150,000 (the sum of the account balance of eligible home lending and line of credit accounts) and pay an annual fee of $395.Fees and charges relating to our home loans (PDF).Only 1 to 5 Year Fixed Rates are available at the point of application. However if you select a loan term of 5 years or less in this calculator, not all fixed rates are available for selection.Ongoing fees during the life of your new home loan.Upfront fees when you establish your new home loan.
Exit fees associated with leaving your current lender.The possible fees and charges that may be involved can be split into three main categories: When working out if refinancing may be right for you, consider the costs of a refinance with the benefits you could receive from your new home loan.Interest Only payments may be available at application.
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