Mortgage Rate Comparison Calculator

Compare your current loan with another loan you're considering to see repayments over the life of the loans.

Complete loan comparison

Find out in minutes how much you can borrow and the costs involved with our free home loan quote!

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Comparing home loan rates to find the right option for you

Everyone with a mortgage wants to know they’re making the right choice for their situation. Our home loan rate comparison calculator can help you to weigh up your current home loan against other potential options.

Enter into the calculator your current loan amount, conditions of your mortgage including interest rate, whether there is a fixed rate period and fees required for the loan.
Then use the adjacent side to fill in the loan details of another lender.
The calculator will provide you with an estimated comparison of monthly repayments and the total loan repayment amount for your current lender and another.

While this calculator is not a comprehensive comparison, it can give you a good indication of comparative repayments and total interest paid over the life of your loan.

Remember to take into account the upfront fees and discharge fees as these can have a big impact on your decision. In switching loans, refinancing or changing your mortgage agreement, there can also be cancellation fees or loss of Lenders Mortgage Insurance.

A Mortgage Choice broker can help you to explore your options by comparing hundreds of loans from over 25 different lenders. Talk to us to today to find the right home loan for your needs.

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Lender

Interest Rate*

Comparison Rate

Lender

Interest Rate*

Comparison Rate

Credit criteria, conditions, fees and charges apply. Subject to suitability. The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. Warning: 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 costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

The results from these calculators are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Disclaimer - Borrowing power: The borrowing amount is a guide only. Loan repayments are based on the lowest interest rate (either standard variable or 3-year fixed rate, owner occupier) from our lender panel over a repayment period of 30 years. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.

Disclaimer - Loan Repayments: The lowest interest rate from our lender panel is either standard variable or 3-year fixed for an owner-occupier. Rates and repayments are indicative only and subject to change. The results from this calculator are an approximate guide only and do not constitute specialist advice. The calculations used should not be relied upon for the purposes of entering into any legal or financial commitments.