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

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, Repayment Frequency

How often you wish to pay back your lender. 

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

Mortgage Calculator, Interest Rate

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

What is a specialist lender?

Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

What is the average annual percentage rate?

Also known as the comparison rate, or sometimes the ‘true rate’ of a loan, the average annual percentage rate (AAPR) is used to indicate the overall cost of a loan after considering all the fees, charges and other factors, such as introductory offers and honeymoon rates.

The AAPR is calculated based on a standardised loan amount and loan term, and doesn’t include any extra non-standard charges.

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

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.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

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 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.

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.

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.

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.

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.