Exit fees on a home loan vary widely

The average early exit fee for all mortgage lenders in year one of a home loan contract is $1582.

The exit fee on a home loan will range widely depending on your lender, for example:

• $250 for Bendigo Bank 
• $11,290 for BEAT Home Loans
• Opportune Home Loans, with a $6950 fee in year one
• Reduce Home Loans charge $5400 exit fees on a home loan
• $4350 for AMP Banking 
• New Loan charge an exit fee of $4100
• Rams charge $3925 exit fees
• $3900 for Homestar ($3900)

 Most early exit fees on a home loan reduce over time, so that in year five of the mortgage contract the average for all lenders is approximately $590.