Home Loan Comparison Calculators

Compare Two Loans

Compare any two home loans in the market and determine which is the cheapest in total fees and interest over the life of the loan. This loan comparison calculator will let you compare different introductory interest rates and terms, with different ongoing interest rates.

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Note: The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for a loan. It is advised that you consult your financial adviser before taking out a loan.

Calculator Assumptions

Length of Month

All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days’ interest dependent on the number of days in the particular month.

Number of Weeks & Fortnights in a Year

One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.

Rounding of Amount of Each Repayment

In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount will be a partial repayment as required to reduce the loan balance to zero.

Amounts of Totals Payable under each Loan

The website calculator quotes Total Amounts Payable under each loan that are rounded to the nearer dollar, after basing the calculations on unrounded repayment amounts.

Amount of Saving under Lower Cost Loan

The calculation of the amount of repayments saved under the lower cost loan is based on unrounded payment amounts. The amount saved is quoted in dollars and cents, not rounded to the nearer dollar.

More information or help

For confidential assistance with your home loan or to talk to your local mortgage broker, call us at any time on 13 LOAN or call our direct line on +61 2 9249 3739.

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*Warning: Rates are subject to change without notice. Full terms and conditions and schedule of fees are set out in the lender's relevant loan contracts and comparison schedules. Government charges and taxes may apply. Honeymoon rates are classified as those that last for a minimum of 6 months and then revert to a higher rate. Fixed rates are for a two year term.