fbpx

Comparison Rate Calculator

Calculate a rate • Connect with an expert • Access over 60 lenders

By including all relevant fees and interest rates, a comparison rate enables borrowers to compare the true cost of a loan. Use our comparison rate calculator to compare loan offers, or connect with our team of accredited mortgage brokers from the comfort of your own home.

Loan Amount
Estimated value of the loan you intend to apply for
$
$ 300000
Loan Duration
Loan term - How long before the loan must be paid back in full
$ 25
Fixed/Intro Period
The duration of the introductory or fixed rate period
$ 0
Standard Rate
The standard interest rate that applies to the majority of the loan
% p.a.

Fixed/Intro Rate
The fixed or introductory interest rate that applies to the fixed or introductory period of the loan
% p.a.

Upfront Fees
Fees paid to set up the loan
$

Annual Fees
Fees that must be paid annually to maintain the loan
$

Discharge Fees
$

Comparison Rate

Fixed Repayments
Ongoing Repayments
Total Repayments
Total Interest
Total Fees

Interest Paid

Principle Remaining

Additional Monthly Repayment
$
$ 0

Disclaimer: Although we have taken all reasonable endeavours to ensure the accuracy of this calculator, the results are an indication only.
This calculation is neither a quote nor a pre-qualification for a home loan.



Can we beat this loan?
Contact a broker

Top Comparison Rate Questions

What is a comparison rate?

A comparison rate is an interest rate intended to make it easier to compare homeloans. It considers certain loan fees such as costs to set up the loan, costs to maintain the loan, costs to close the loan as well as of course the standard interest rate. Only when you consider all these items can you truly compare one homeloan to another.

Why calculate a comparison rate?

Although all home-loans in Australia are required to be advertised with a comparison rate, the rate is usually calculated on an arbitrary loan amount such as $150,000. This misrepresents the value of the loan offer for your specific circumstances. To take advantage of a comparison rate, it is best to calculate the value based on your individual figures. This way, you can truly compare your loan options, potentially saving thousands of dollars over the life of a loan.

What else should I consider when viewing a comparison rate?

A lower comparison rate does not necessarily mean that one loan is objectively better than another. There are other considerations such as whether additional repayments can be made, or whether the loan includes features such as 100% offset accounts. It is important to consider a loan offer in full, prior to making a decision.

Where can I find more information?

Details regarding Comparison Rate, it’s calculation method and regulation details can be found on this page:
NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 – REG 71

Before making a decision on your loan, it’s important for you to consider the above information and discuss the your next step with your Mortgage Professional.

This is general information only and is subject to change at any time. Your complete financial situation will need to be assessed before acceptance of any proposal or product.

Talk to a Broker

How it works

Satisfied customers are our best reference.

Over 60 lenders means more choice, so you can pick the best rate.

Comparison Rate Mobile Banner
+ many more!

Note that not all lenders offer all product types. Our team will present options that best suit your needs.

You’re in good hands with an award-winning team.

By partnering with a multi-award winning aggregator, we ensure our team of brokers meet strict compliance standards from your first consultation all the way through to settlement, so you can rest assured you’re in safe hands.

You’re in good hands with an award-winning team.

By partnering with a multi-award winning aggregator, we ensure our team of brokers meet strict compliance standards from your first consultation all the way through to settlement, so you can rest assured you’re in safe hands.

Get started with your new loan

Get started with your new loan

Talk to a broker