Home Loan Rate Review & Refinance Calculator Australia
Last updated: 5 February 2026
Do a quick home loan health check and see how your current rate compares with real offers from 35+ lenders across Australia. No credit hit – takes about a minute.
Indicative only; final pricing requires a full application and lender approval.
Independent broker. Not affiliated with .
About a minute • No credit hit
Free • Fast • No credit hit
Home Loan Rate Review & Refinance Calculator
This free home loan rate review calculator lets you compare your current lender’s interest rate against benchmark rates from 35+ Australian lenders. In about 60 seconds you’ll see whether your home loan is still competitive and how much you might save by refinancing or negotiating a sharper rate. It’s a quick home loan health check only – there’s no credit check and no obligation.
Step 1 of 2 — Tell us about your current home loan
We’ll use these details to run a rate review and estimate potential savings. 2-minute check • No sign-up • No credit hit
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Indicative snapshot • Fees not included • You can share details after you see results
Step 2 of 2 — See your options
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We’ll confirm rates with fees & features
By submitting, you agree we may contact you about this Rate Challenge and provide our Credit Guide. No broker fee for standard home loans.
Thanks — we’ll call within the hour.
Sorry, something went wrong. Please try again or call 0407 908 024.
Details & options
Resetting to 30 years lowers monthly repayments but can increase total interest paid over the life of the loan.
Rates current at: —. Benchmarks shown for a $500,000 loan (indicative only).
This tool is indicative only. Any rate shown is not an offer of credit. Final pricing requires a full application, assessment and lender approval.
Home Loan Rate Review & Refinance Calculator — How-To & FAQs
Quick steps to use the home loan rate review & refinance calculator, plus answers about lenders, rates, features, costs, timing and privacy.
For a deeper walkthrough, see our Home Loan Refinance Guide or talk to a broker anytime.📊 About the calculator
How does the Rate Challenge calculator work?
It compares your entered rate to a benchmark for similar loans at your LVR and rate type, then shows monthly repayments and estimated savings for keeping your remaining term or restarting a 30-year term. You’ll also see a simple rating and a small gauge of where your rate sits.
Does it use real rates?
It uses a current benchmark snapshot shown on the results panel under Rates current at.
Are results personalised?
Yes. It uses your balance, current rate, property value (for LVR), start MM/YYYY, original term, postcode, occupancy, repayment type and rate type. If you add your current repayment, we compare against that too.
Will it hit my credit score?
No — using the calculator doesn’t trigger a credit check.
How accurate are savings?
Indicative only. Final pricing requires a full application, assessment and lender approval.
🧰 How-To: Using the calculator
1) Gather the few details we need
Balance, current rate, property value, start MM/YYYY, original term, postcode, occupancy, repayment type, rate type. Optional: current repayment and lender.
2) Check the timestamp
See Rates current at on your results — that’s the snapshot used.
3) Enter your figures
LVR calculates automatically from balance ÷ value.
4) Compare the two term views
Keep your term vs a new 30-year term.
🏦 Lenders & rates
Which lenders are included?
Major banks and reputable lenders: ANZ, CBA, NAB, Westpac, Macquarie, ING, Bendigo, Suncorp, HSBC, Bankwest, Great Southern Bank and more.
Variable and fixed?
Yes — Variable and Fixed (1–5 years).
How is the benchmark chosen?
By your LVR band and rate type.
💸 Costs & fees
Are fees/LMI in the estimates?
No — quick view focuses on repayments/savings. Fees, government charges and any LMI aren’t included here.
Fixed-rate break costs?
If you change early on a fixed rate, break costs may apply. The tool doesn’t compute them.
⏱️ Process & timing
After I click “Get my options”
A short contact panel appears (name, mobile, email). We’ll call you; outside business hours we’ll be in touch before 10am next business day (AEST).
Mobile friendly?
Yes — fully responsive.
🔒 Privacy & support
Do I need personal details to see results?
No — only if you choose to submit for help.
Is anything shared with lenders when I calculate?
No — not when you calculate. We discuss next steps first.