Free calculator
Clawback Calculator for Mortgage Brokers
Pick a clawback schedule, enter the loan and the months since settlement, and see what you would repay if the client left today.
Clawback if discharged now
$4,225
100% of a $4,225 upfront · 100% to 12 months, 50% to 24
You keep
$0
Exposure clears
Month 25
Months to go
16
General information only — not credit advice. Figures are indicative estimates and may not reflect your circumstances. Consider seeking advice from a licensed professional before acting on this information.
How it works
- Upfront commission is the loan amount multiplied by the upfront rate. Australian lenders typically pay 0.55% to 0.70% of the settled amount.
- Each schedule defines what percentage of that upfront is repayable at a given month. The common schedule is 100% inside 12 months and 50% from month 13 to 24; some lenders taper pro-rata, some stop at 18 months, a few charge nothing.
- The calculator applies the schedule to the upfront commission for the month you enter and shows what is clawed back, what you keep, and the month the exposure clears.
Assumptions
- Clawback is calculated on the upfront commission actually paid, not on the loan amount.
- Months are counted from settlement. Lenders differ on whether the trigger is the discharge date or the date the payout request lands.
- Partial discharges, top-ups and internal refinances are handled differently by every lender and are not modelled.
Frequently asked questions
What is a clawback?
When a loan you wrote is refinanced or paid out within a set period after settlement, the lender recovers some or all of the upfront commission it paid you. That recovery is the clawback, and it is usually deducted from a later commission run.
How long do clawback periods last?
Most Australian lenders apply clawback for up to 24 months, with 100% recoverable inside the first 12 months and 50% in months 13 to 24. Several majors have shortened the second step to 18 months, some non-banks taper pro-rata, and a handful of lenders have removed clawback entirely on certain products. Always check the schedule in your aggregator agreement.
Can I pass a clawback on to the client?
No. Since the broker remuneration reforms that followed the 2019 royal commission, brokers cannot recover clawback amounts from borrowers. The cost sits with the broker, which is why tracking loans inside their clawback window matters.
Is the clawback based on the loan amount or the commission?
The commission. A 50% clawback on a $650,000 loan at 0.65% upfront is 50% of $4,225, not 50% of the loan.
MyLoanBook runs these numbers on your real commission file, every month.
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