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Save $624 by switching to a better home loan | Dollar Saver tip #93

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Richard Whitten
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Save: Up to $624 a month

Tip overview

The average Australian's home loan is now over $600,000. It's shockingly high.

And the average home loan rate in Finder's database is 7.47%. Also shockingly high.

Did you know?

But what if you switched to one of the more competitive rates on the market? 5.99% to be precise.

This would save you $624 a month.1 Now that's a shockingly good saving.

Compare home loan rates

1. Saving calculation is a hypothetical example using the average home loan size of $634,479 based on ABS data and rates from Finder's database. We've assumed a 30-year loan term and have not considered loan fees or rate changes.

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