- Home
- Home Loans
- Commonwealth Bank
- Extra Home Loan (Principal and Interest) (LVR < 60%)
Extra Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.59%
Comparison rate* p.a.
6.60%
Extra Home Loan
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.59%
Comparison rate* p.a.
6.60%
Calculate your repayments for this loan
$
Your estimated repayment
$3,190
based on 500000 loan amount for 25 years at 6.59%
Monthly Repayment
$3,190
Total interest
$648,397
Total payments
$1,148,397
Start date
05-2024
End date
05-2049
$1,148,397
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Extra Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
Commonwealth Bank Variable Rate Home Loan overview
For Extra Home Loan (Principal and Interest) (LVR < 60%)
Details
Maximum LVR
60%
Total repayments
$1,148,397
Interest rate type
Variable
Borrowing range
$10k - $100m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Commonwealth Bank of Australia to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$200
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$200
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$350
Other Restrictions
This loan cannot be used for bridging loans and business purposes.
