Commonwealth Bank home loan repayment calculator

Thinking about taking out a home loan with Commonwealth Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Commonwealth Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.69 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • One of the largest banks in Australia, giving you access to a large branch network and over 4000 ATMs Australia-wide
  • Online banking portal and mobile banking options
  • Package options available
  • Wide variety of home loan products available
  • Interest rates may be higher than the market average on some loans
  • Most loans charge both significant upfront fees as well as ongoing monthly fees

Commonwealth Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
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Company

2.69%

Variable

$200

2.70%

$0 monthly
Commonwealth Bank of Australia
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2.69%

Variable

$200

2.70%

$0 monthly
Commonwealth Bank of Australia
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3.25%

Variable

$200

2.91%

$0 monthly
Commonwealth Bank of Australia
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3.25%

Variable

$200

2.91%

$0 monthly
Commonwealth Bank of Australia
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3.12%

Variable

$200

3.13%

$0 monthly
Commonwealth Bank of Australia
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3.13%

Variable

$200

3.14%

$0 monthly
Commonwealth Bank of Australia
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3.15%

Variable

$200

3.16%

$0 monthly
Commonwealth Bank of Australia
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3.68%

Variable

$200

3.34%

$0 monthly
Commonwealth Bank of Australia
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3.71%

Variable

$200

3.37%

$0 monthly
Commonwealth Bank of Australia
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3.54%

Variable

$200

3.55%

$0 monthly
Commonwealth Bank of Australia
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1.99%

Fixed - 4 years

$200

3.66%

$395 annually
Commonwealth Bank of Australia
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4.10%

Variable

$200

3.77%

$0 monthly
Commonwealth Bank of Australia
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2.14%

Fixed - 3 years

$200

3.83%

$395 annually
Commonwealth Bank of Australia
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2.14%

Fixed - 4 years

$800

3.89%

$8 monthly
Commonwealth Bank of Australia
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2.99%

Fixed - 5 years

$200

3.93%

$395 annually
Commonwealth Bank of Australia
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2.14%

Fixed - 2 years

$200

3.97%

$395 annually
Commonwealth Bank of Australia
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2.29%

Fixed - 3 years

$800

4.11%

$8 monthly
Commonwealth Bank of Australia
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2.19%

Fixed - 1 year

$200

4.12%

$395 annually
Commonwealth Bank of Australia
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3.14%

Fixed - 5 years

$800

4.12%

$8 monthly
Commonwealth Bank of Australia
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3.39%

Fixed - 3 years

$200

4.12%

$395 annually
Commonwealth Bank of Australia
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3.39%

Fixed - 2 years

$200

4.17%

$395 annually
Commonwealth Bank of Australia
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3.79%

Fixed - 5 years

$200

4.20%

$395 annually
Commonwealth Bank of Australia
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3.79%

Fixed - 4 years

$200

4.21%

$395 annually
Commonwealth Bank of Australia
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3.39%

Fixed - 1 year

$200

4.22%

$395 annually
Commonwealth Bank of Australia
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3.85%

Variable

$200

4.27%

$395 annually
Commonwealth Bank of Australia
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2.29%

Fixed - 2 years

$800

4.29%

$8 monthly
Commonwealth Bank of Australia
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3.09%

Fixed - 5 years

$200

4.30%

$395 annually
Commonwealth Bank of Australia
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3.29%

Fixed - 5 years

$200

4.35%

$395 annually
Commonwealth Bank of Australia
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2.69%

Fixed - 3 years

$200

4.38%

$395 annually
Commonwealth Bank of Australia
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3.09%

Fixed - 4 years

$200

4.39%

$395 annually
Commonwealth Bank of Australia
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2.89%

Fixed - 3 years

$200

4.42%

$395 annually
Commonwealth Bank of Australia
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4.34%

Variable

$200

4.42%

$395 annually
Commonwealth Bank of Australia
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3.29%

Fixed - 4 years

$200

4.43%

$395 annually
Commonwealth Bank of Australia
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3.54%

Fixed - 3 years

$800

4.43%

$8 monthly
Commonwealth Bank of Australia
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3.94%

Fixed - 5 years

$800

4.44%

$8 monthly
Commonwealth Bank of Australia
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3.94%

Fixed - 4 years

$800

4.48%

$8 monthly
Commonwealth Bank of Australia
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2.34%

Fixed - 1 year

$800

4.49%

$8 monthly
Commonwealth Bank of Australia
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3.24%

Fixed - 5 years

$800

4.50%

$8 monthly
Commonwealth Bank of Australia
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3.54%

Fixed - 2 years

$800

4.51%

$8 monthly
Commonwealth Bank of Australia
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2.69%

Fixed - 2 years

$200

4.52%

$395 annually
Commonwealth Bank of Australia
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2.89%

Fixed - 2 years

$200

4.55%

$395 annually
Commonwealth Bank of Australia
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3.44%

Fixed - 5 years

$800

4.59%

$8 monthly
Commonwealth Bank of Australia
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3.54%

Fixed - 1 year

$800

4.60%

$8 monthly
Commonwealth Bank of Australia
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3.24%

Fixed - 4 years

$800

4.63%

$8 monthly
Commonwealth Bank of Australia
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2.69%

Fixed - 1 year

$200

4.67%

$395 annually
Commonwealth Bank of Australia
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2.84%

Fixed - 3 years

$800

4.67%

$8 monthly
Commonwealth Bank of Australia
More details

2.89%

Fixed - 1 year

$200

4.68%

$395 annually
Commonwealth Bank of Australia
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4.55%

Variable

$800

4.70%

$8 monthly
Commonwealth Bank of Australia
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3.44%

Fixed - 4 years

$800

4.71%

$8 monthly
Commonwealth Bank of Australia
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3.04%

Fixed - 3 years

$800

4.73%

$8 monthly
Commonwealth Bank of Australia
More details

4.43%

Variable

$200

4.84%

$395 annually
Commonwealth Bank of Australia
More details

2.84%

Fixed - 2 years

$800

4.85%

$8 monthly
Commonwealth Bank of Australia
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5.04%

Variable

$800

4.88%

$8 monthly
Commonwealth Bank of Australia
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3.04%

Fixed - 2 years

$800

4.89%

$8 monthly
Commonwealth Bank of Australia
More details

4.69%

Variable

$200

4.90%

$395 annually
Commonwealth Bank of Australia
More details

2.84%

Fixed - 1 year

$800

5.05%

$8 monthly
Commonwealth Bank of Australia
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3.04%

Fixed - 1 year

$800

5.07%

$8 monthly
Commonwealth Bank of Australia
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5.13%

Variable

$800

5.28%

$8 monthly
Commonwealth Bank of Australia
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5.39%

Variable

$800

5.37%

$8 monthly
Commonwealth Bank of Australia
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5.33%

Variable

$200

5.73%

$395 annually
Commonwealth Bank of Australia
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5.33%

Variable

$200

5.73%

$395 annually
Commonwealth Bank of Australia
More details

6.03%

Variable

$800

6.22%

$12 monthly
Commonwealth Bank of Australia
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6.03%

Variable

$800

6.22%

$12 monthly
Commonwealth Bank of Australia
More details

Commonwealth Bank of Australia customer service

You can contact Commonwealth Bank to manage your home loan and other banking services via:

  • Customer service centre (phone)
  • Mobile app
  • Online banking (Netbank)
  • Email
  • Live Chat
  • Large branch network Australia-wide
  • Dedicated home loan specialists

How to apply

When applying for a Commonwealth Bank home loan, some of the below documentation may be required:

  • Identification
  • Details of your current living expenses
  • Details of your current living expenses
  • Details of other savings, investments, credit cards or loans

About Commonwealth Bank home loans

The Commonwealth Bank is a home loan lender that offers home loans to suit almost every type of mortgage borrower in Australia, including:

  • First home buyers
  • Upgraders
  • Investors
  • Refinancers
  • Renovators
  • Self-employed (low-doc loans)
  • SMSFs (superannuation home loans)
  • Seniors (reverse mortgage)

Borrowers who take out Commonwealth Bank home loans can choose from a variety of interest rate options, including:

  • Principal and interest home loans
  • Interest-only home loans
  • Variable interest rates
  • Fixed interest rates
  • Split loans

Some home loans also come with permanent interest rate discounts, or temporary introductory interest rate offers.

Mortgage borrowers may also be able to earn discounts by combining a Commonwealth Bank home loan with other CBA products, such as credit cards and insurance. Commonwealth Bank may not offer the lowest mortgage rates or the most flexible products, but it is well-known for its large branch network and strong brand.

Commonwealth Bank home loans review

Because CBA is so big and well-known, and because almost everyone knows somebody who is a CBA customer, many mortgage customers regard a Commonwealth Bank home loan as a relatively reliable option in a confusing mortgage market. 

Commonwealth Bank has a home loan product for almost every type of mortgage borrower out there. You can use CBA for ‘vanilla’ home loans, whether you’re an owner-occupier, an investor, a refinancer or an upgrader. You can also turn to CBA for more specialist home loans, such as low-doc loans, reverse mortgages and SMSF mortgages. You may even find Commonwealth Bank helpful if you’re looking to secure a guarantor home loan. And no matter where in Australia you live, there’s likely to be a CBA branch close by.

But although Commonwealth Bank is a relatively convenient option, it’s not always a cheap or inexpensive option, and you'll need to consider the cost of interest rates and fees. If you’re looking for a more cost-effective home loan, as opposed to one positioned by features, you may want to shop around.

Learn more about Commonwealth Bank

What happens to my home loan when interest rates rise?

If you are on a variable rate home loan, every so often your rate will be subject to increases and decreases. Rate changes are determined by your lender, not the Reserve Bank of Australia, however often when the RBA changes the cash rate, a number of banks will follow suit, at least to some extent. You can use RateCity cash rate to check how the latest interest rate change affected your mortgage interest rate.

When your rate rises, you will be required to pay your bank more each month in mortgage repayments. Similarly, if your interest rate is cut, then your monthly repayments will decrease. Your lender will notify you of what your new repayments will be, although you can do the calculations yourself, and compare other home loan rates using our mortgage calculator.

There is no way of conclusively predicting when interest rates will go up or down on home loans so if you prefer a more stable approach consider opting for a fixed rate loan.

What is 'principal and interest'?

‘Principal and interest’ loans are the most common type of home loans on the market. The principal part of the loan is the initial sum lent to the customer and the interest is the money paid on top of this, at the agreed interest rate, until the end of the loan.

By reducing the principal amount, the total of interest charged will also become smaller until eventually the debt is paid off in full.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

What is a valuation and valuation fee?

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

Mortgage Calculator, Interest Rate

The percentage of the loan amount you will be charged by your lender to borrow. 

Savings over

Select a number of years to see how much money you can save with different home loans over time.

e.g. To see how much you could save in two years by switching mortgages,  set the slider to 2.

What happens to your mortgage when you die?

There is no hard and fast answer to what will happen to your mortgage when you die as it is largely dependent on what you have set out in your mortgage agreement, your will (if you have one), other assets you may have and if you have insurance. If you have co-signed the mortgage with another person that person will become responsible for the remaining debt when you die.

If the mortgage is in your name only the house will be sold by the bank to cover the remaining debt and your nominated air will receive the remaining sum if there is a difference. If there is a turn in the market and the sale of your house won’t cover the remaining debt the case may go to court and the difference may have to be covered by the sale of other assets.  

If you have a life insurance policy your family may be able to use some of the lump sum payment from this to pay down the remaining mortgage debt. Alternatively, your lender may provide some form of mortgage protection that could assist your family in making repayments following your passing.

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

What is a redraw fee?

Redraw fees are charged by your lender when you want to take money you have already paid into your mortgage back out. Typically, banks will only allow you to take money out of your loan if you have a redraw facility attached to your loan, and the money you are taking out is part of any additional repayments you’ve made. The average redraw fee is around $19 however there are plenty of lenders who include a number of fee-free redraws a year. Tip: Negative-gearers beware – any money redrawn is often treated as new borrowing for tax purposes, so there may be limits on how you can use it if you want to maximise your tax deduction.

Mortgage Calculator, Loan Term

How long you wish to take to pay off your loan. 

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

How does a redraw facility work?

A redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan. This can be a beneficial feature because, by paying down the principal with additional repayments, you will be charged less interest. However you will still be able to access the extra money when needed.

Mortgage Calculator, Loan Results

These are the loans that may be suitable, based on your pre-selected criteria. 

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.