Homestar Finance home loan repayment calculator

Thinking about taking out a home loan with Homestar Finance? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Homestar Finance 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 1.79 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Lower home loan fees than many other lenders
  • Flexible loan options
  • Loans have competitive interest rates
  • No branch network
  • Limited options to contact the lender

Homestar Finance home loans rates

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

1.79%

Variable

$910

1.84%

$0
Homestar Finance
More details

2.04%

Variable

$512

2.07%

$0
Homestar Finance
More details

2.14%

Variable

$512

2.17%

$0
Homestar Finance
More details

2.14%

Variable

$512

2.17%

$0
Homestar Finance
More details

2.24%

Variable

$512

2.27%

$0
Homestar Finance
More details

1.95%

Fixed - 3 years

$0

2.35%

$395 annually
Homestar Finance
More details

2.06%

Fixed - 2 years

$512

2.36%

$0
Homestar Finance
More details

1.90%

Fixed - 1 year

$395

2.37%

$0
Homestar Finance
More details

2.34%

Variable

$512

2.37%

$0
Homestar Finance
More details

2.49%

Fixed - 3 years

$512

2.37%

$0
Homestar Finance
More details

2.69%

Fixed - 4 years

$512

2.45%

$0
Homestar Finance
More details

2.44%

Variable

$512

2.47%

$0
Homestar Finance
More details

2.59%

Fixed - 2 years

$512

2.47%

$0
Homestar Finance
More details

2.59%

Fixed - 2 years

$512

2.50%

$0
Homestar Finance
More details

2.69%

Fixed - 1 year

$512

2.54%

$0
Homestar Finance
More details

2.69%

Fixed - 2 years

$512

2.55%

$0
Homestar Finance
More details

2.79%

Fixed - 4 years

$512

2.55%

$0
Homestar Finance
More details

2.89%

Fixed - 5 years

$512

2.55%

$0
Homestar Finance
More details

2.69%

Fixed - 3 years

$512

2.57%

$0
Homestar Finance
More details

2.69%

Fixed - 3 years

$512

2.57%

$0
Homestar Finance
More details

2.18%

Fixed - 1 year

$265

2.58%

$395 annually
Homestar Finance
More details

2.26%

Fixed - 3 years

$265

2.58%

$395 annually
Homestar Finance
More details

2.79%

Fixed - 1 year

$512

2.64%

$0
Homestar Finance
More details

2.79%

Fixed - 2 years

$512

2.65%

$0
Homestar Finance
More details

2.79%

Fixed - 2 years

$512

2.65%

$0
Homestar Finance
More details

2.89%

Fixed - 4 years

$512

2.65%

$0
Homestar Finance
More details

2.89%

Fixed - 4 years

$512

2.65%

$0
Homestar Finance
More details

2.99%

Fixed - 5 years

$512

2.66%

$0
Homestar Finance
More details

2.64%

Variable

$512

2.67%

$0
Homestar Finance
More details

2.79%

Fixed - 3 years

$512

2.67%

$0
Homestar Finance
More details

2.69%

Variable

$512

2.72%

$0
Homestar Finance
More details

2.69%

Variable

$512

2.72%

$0
Homestar Finance
More details

2.89%

Fixed - 1 year

$512

2.74%

$0
Homestar Finance
More details

2.89%

Fixed - 2 years

$512

2.75%

$0
Homestar Finance
More details

2.99%

Fixed - 4 years

$512

2.75%

$0
Homestar Finance
More details

2.99%

Fixed - 4 years

$512

2.75%

$0
Homestar Finance
More details

3.09%

Fixed - 5 years

$512

2.76%

$0
Homestar Finance
More details

3.09%

Fixed - 5 years

$512

2.76%

$0
Homestar Finance
More details

2.89%

Fixed - 3 years

$512

2.77%

$0
Homestar Finance
More details

2.79%

Variable

$512

2.82%

$0
Homestar Finance
More details

2.99%

Fixed - 1 year

$512

2.84%

$0
Homestar Finance
More details

3.09%

Fixed - 4 years

$512

2.85%

$0
Homestar Finance
More details

2.99%

Fixed - 2 years

$512

2.86%

$0
Homestar Finance
More details

3.19%

Fixed - 5 years

$512

2.86%

$0
Homestar Finance
More details

3.19%

Fixed - 5 years

$512

2.86%

$0
Homestar Finance
More details

2.99%

Fixed - 3 years

$512

2.87%

$0
Homestar Finance
More details

3.19%

Fixed - 4 years

$512

2.95%

$0
Homestar Finance
More details

3.29%

Fixed - 5 years

$512

2.96%

$0
Homestar Finance
More details

3.39%

Fixed - 5 years

$512

3.06%

$0
Homestar Finance
More details

Homestar Finance customer service

Homestar Finance customers can make contact with customer support by calling the contact centre or by using the online enquiry form. As Homestar Finance is an online-only lender there is no option for face-to-face customer support. Customers can access their loan details through an online banking interface.

  • Customer service centre (phone)
  • Online banking

How to apply for a Homestar home loan

Borrowers wanting to apply for a Homestar Finance home loan can either complete an online enquiry form or call through to the Contact Centre for more support. 

Before applying for a Homestar Finance home loan, consider how much you can afford to borrow and what other costs you may need to pay. 

To apply for a Homestar Finance home loan, you will need to supply the following information:

  • Proof of identity
  • Proof of income and employment
  • Information about the property you’re using as security
  • A list of assets and liabilities

About Homestar Finance home loans

As an online home loan provider, Homestar Finance offers a relatively thin range of home loans.

This means its home loans are most suited to more typical owner-occupiers, investors and refinancers rather than those seeking specialist loans such as SMSF loans or high-LVR loans.

Homestar Finance home loans are available with a range of interest rate options:

  • Variable rate
  • Fixed rate
  • Principal and interest
  • Interest-only
  • Split loans

Homestar Finance home loans have a maximum loan term of 30 years. Offset accounts and redraw facilities are available with selected mortgages from Homestar Finance.

Unlimited extra repayments are allowed on some of its home loan offerings, while others allow extra repayments with restrictions.

Homestar Finance home loan rates

Unlike many other banks and home loan lenders, Homestar Finance operates online only and doesn’t have any branches. Thanks to lower overheads, it can pass savings on to customers in the form of lower interest rates.

While Homestar Finance's home loan interest rates can often be relatively low, it's important to also consider the cost of upfront and ongoing fees before you apply for a mortgage.

Homestar Finance’s home loan interest rates differ depending on the type of borrower. Typically, owner-occupiers paying principal and interest are offered the lowest rates, followed by owner-occupiers paying interest only or investors paying principal and interest, then by investors paying interest only.

Homestar Finance home loans review

Homestar Finance offers relatively no-frills online-only home loans, which may be more suitable for tech-savvy owner-occupiers, investors or refinancers. Homestar doesn’t offer specialist mortgages such as low-doc mortgages, high-LVR mortgages or SMSF mortgages.

Because it doesn’t have to maintain costly branches and in-branch staff, Homestar Finance home loan rates tend to be lower than those of many other banks, though it’s important to also consider the cost of upfront and ongoing fees. 

Homestar Finance offers home loans with options for extra repayments, offset accounts and redraw facilities, which may appeal to those who want more control over their mortgage.

Homestar Finance home loans can be principal and interest or interest-only, while borrowers can also choose for their mortgages to be variable, fixed or split.

Learn more about Homestar Finance

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

What is an ombudsman?

An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.

These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.

What is appreciation or depreciation of property?

The increase or decrease in the value of a property due to factors including inflation, demand and political stability.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

Mortgage Calculator, Loan Results

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

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.

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.

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

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.

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.

What is the amortisation period?

Popularly known as the loan term, the amortisation period is the time over which the borrower must pay back both the loan’s principal and interest. It is usually determined during the application approval process.