Refinance home loan rates in Northern Territory
The sharpest variable rate we track for Northern Territory owner-occupiers is 5.84% this week, against a market average of 6.17% (home-loan rates are set nationally, not by state). On a typical Northern Territory loan of $460,000, closing that gap is about $127 a month back in your pocket.
WARNING: These are advertised interest rates, not comparison rates. A comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate. Comparison rates are based on a $150,000 loan over 25 years.
Northern Territory borrowers refinanced about $60 million of home loans last month. You're far from alone in checking.
Lenders to compare in Northern Territory
Is refinancing in Northern Territory worth it?
Refinancing pays off when the saving clears your switching costs inside a year or two. In Northern Territory, discharge and setup fees usually run around $700 to $1,100. At a $127 monthly saving, most Northern Territory owners break even within a few months, then keep the rest.
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