Savings .com.au

Debt consolidation home loan calculator

Savings.com.au’s debt consolidation calculator allows you to estimate how much your home loan repayments could change by consolidating other debts such as credit cards or personal loans into your current home loan. You can just enter:

  • Your current home loan balance, loan term and interest rate
  • Your other debt info (credit card, personal loan, car loan, other loan), amount owing and the interest rate
  • The interest rate and loan term on the new loan

This will give you an idea of what your new repayments and interest costs will be, as well as how much you could be saving on monthly repayments and total interest.

What is a debt consolidation home loan?

If you have a bunch of other debts, such as a car loan or credit card interest, then you can use a home loan for debt consolidation to add this debt to your existing home loan balance.

For example, you could add $5,000 in credit card debt and $20,000 in car loan debt to a $300,000 home loan, which would take your total home loan to $325,000.

This strategy can be useful since home loans usually have lower interest rates than products like credit cards and car loans. However, a negative of such a strategy is that home loans tend to have much longer loan terms, so you risk stretching out these debts for longer, making them more expensive overall.

If you want to consolidate debts into a home loan, then our debt consolidation calculator below can help you.


Looking for a home loan?

Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.

Lender

Variable
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4.6 Star Customer Ratings
  • No monthly or ongoing fees
  • Unlimited free redraw
  • No application fee
4.6 Star Customer Ratings

loans.com.au – Variable Home Loan (LVR < 90%)

  • No monthly or ongoing fees
  • Unlimited free redraw
  • No application fee
Variable
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Apply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Apply In Minutes

Unloan – Variable Rate Home Loan LVR < 80%

  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Variable
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Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Unlimited Redraws

ubank – Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Variable
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loans.com.au – Solar Home Loan (Principal & Interest) (LVR < 90%)

    Variable
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    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes

    Macquarie Bank – Basic Home Loan (Principal and Interest) (LVR < 60%)

    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes
    Variable
    More details

    ubank – Neat Variable Home Loan (Principal and Interest) (LVR ≤ 80%)

    • Home loan specialists available today
    Variable
    More details
    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes

    Macquarie Bank – Basic Home Loan (Principal and Interest) (LVR 70%-80%)

    • Estimate your borrowing power in as little as 1 minute
    • Complete your application in as little as 15 minutes
    Variable
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    Commonwealth Bank – Wealth Package Variable Home Loan (Principal and Interest) (LVR 70% - 80%)

      Variable
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      NAB – Base Variable Home Loan (Principal and Interest) (New Customer)

        Variable
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        Westpac – Flexi First Option Home Loan (New Customer) (LVR > 80%)

          Variable
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          ANZ – Standard Variable Home Loan (Principal and Interest) (LVR < 80%)

            Variable
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            Heritage Bank – Discount Variable Home Loan ($150k+) (LVR < 70%)

              Variable
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              People's Choice – Package Variable Home Loan (Principal and Interest) (New Customer) ($100k+) (LVR < 70%)

                Variable
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                Bendigo Bank – Express Home Loan (Principal and Interest)

                  Variable
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                  HSBC – Home Value Home Loan (Principal and Interest) (LVR < 70%)

                    Variable
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                    MOVE Bank – Everyday Home Loan (Principal & Interest) LVR < 80%

                      Variable
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                      Suncorp Bank – Personal Purpose Back to Basics Special (Principal and Interest) (LVR ≤ 60%) (New Customer)

                        Variable
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                        ING – Mortgage Simplifier Home Loan (Principal and Interest) ($150k-$500k, LVR < 80%)

                          Variable
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                          Great Southern Bank – Basic Variable Owner Occupier Construction (LVR ≤ 70%)

                            Variable
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                            Macquarie Bank – Basic Home Loan (Principal and Interest) (LVR 60%-70%)

                              Important Information and Comparison Rate Warning

                              Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of August 21, 2024. View disclaimer.

                              Important Information and Comparison Rate Warning