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How much do fees ad to the typical cost of a mortgage?

This cannot be answered with too much accuracy as the range between lenders is widespread. When advertising home loans a lender must convert the loan interest rate and fees to a comparison rate.

This is a the combined costs on a theoretically typical home loan of $150,000 over 25 years and it is useful for comparing one lender against the other however it does not take into account government fees or lenders costs that may only apply under special circumstances such as redraw or early payout.

Variations of costs such as stamp duty vary from state to state and on the loan size and some costs are waived for first home buyers.    

I suggest if you wish to determine the costs of a specific scenario contact a mortgage broker on .

 

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