How much could you save by refinancing your home loan?
In the verified 31 July 2026 snapshot, the modelled first-year interest gap on a $600,000 owner-occupier loan is about $840 between the middle observed match at 6.08% interest (6.12% comparison) and the lowest comparison-rate match at 5.94% interest (5.98% comparison). This is not an eligibility or savings promise.
Computed from 28 exact owner-occupier variable matches across 28 lenders at 80% LVR in the 31 July 2026 snapshot. Free to cite with scope and a link.
What moving to the market low is worth
Modelled first-year rate gap on a $600,000 owner-occupier loan between the two displayed same-row rate pairs.
How the index is built
The Refinance Savings Index uses exact owner-occupier variable matches across 28 lenders at 80% LVR from the snapshot dated 31 July 2026. It models the difference between a reference rate and the lowest matched rate on a standard $600,000 loan over 30 years. The result is a direction-neutral rate-gap illustration, not an eligibility decision or savings promise.
Source snapshot dated 31 July 2026. Rates are advertised, owner-occupier, principal and interest. Comparison rates differ, see the verified tables. See how we rank rates.
This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Cite this index
Quoting these figures? Use the line below and link back to this page. Numbers are free to cite.
Source: Ratesniffers Refinance Savings Index, July 2026 (https://ratesniffers.com.au/insights/refinance-savings-index).
Embed the live widget
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<iframe src="https://ratesniffers.com.au/insights/refinance-savings-index/embed" title="Verified 80% LVR rate-gap snapshot by Ratesniffers" width="560" height="340" loading="lazy" style="border:0;width:100%;max-width:560px"></iframe> <p style="font:13px system-ui;color:#6B7280">Source: <a href="https://ratesniffers.com.au/insights/refinance-savings-index">Ratesniffers Refinance Savings Index</a></p>
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Press-ready summary
Ratesniffers Refinance Savings Index, 31 July 2026: 3 of 28 exact matched lenders have an owner-occupier variable comparison rate under 6.00%. The lowest verified match is 5.94% interest with a 5.98% comparison rate. The lowest exact 3-year fixed match is 6.09% interest with a 6.13% comparison rate. On a $600,000 loan, the modelled first-year interest gap from the middle observed match at 6.08% interest (6.12% comparison) to the displayed lowest match is about $840. Figures use the verified 80% LVR snapshot and are free to cite with that scope and a link to this page.
Refinance Savings Index FAQs
What is the Refinance Savings Index?
The Refinance Savings Index is a free-to-cite model of the gap between exact 80% LVR owner-occupier variable matches in the verified 31 July 2026 snapshot. It illustrates rate differences on a standard loan and does not establish refinance eligibility, switching costs or an individual saving.
What is the modelled rate gap in this snapshot?
On a $600,000 owner-occupier loan, the modelled repayment difference between the middle observed match at 6.08% interest (6.12% comparison) and lowest comparison-rate match at 5.94% interest (5.98% comparison) is about $54 a month, or $840 a year. Actual outcomes depend on eligibility, fees, balance and term.
How many lenders are offering low rates?
As at 31 July 2026, 3 of 28 exact matched lenders have an owner-occupier variable comparison rate under 6.00%. The lowest verified match is 5.94% interest with a 5.98% comparison rate.
Can I cite or embed the Refinance Savings Index?
Yes. The index is free to cite with a link to this page. Keep the 80% LVR scope, 31 July 2026 source date and model assumptions with the figures. The embed widget displays the same dated snapshot context.
Compare the live rates behind the index
Every promoted figure above comes from exact 80% LVR matches in the verified 31 July 2026 snapshot. Broader comparison rows are separate.