Loan Comparison Calculator
Compare different home loan options side-by-side to find the best fit for your financial goals.
Compare Home Loans
How to Use This Calculator
This calculator allows you to compare up to three different home loan scenarios. Enter the loan amount, interest rate, and loan term for each option.
You'll be able to see the estimated monthly repayments, total interest paid, and overall cost for each loan, helping you make an informed decision.
Comparing loans is essential to ensure you get the most competitive rate and features for your needs.
Need Help Comparing Loans?
Our mortgage brokers can help you navigate the complexities of different loan products and find the best one for you.
Frequently Asked Questions
Why compare home loans?
Comparing home loans helps you find the most competitive interest rates, fees, and features. Even a small difference in interest rates can save you thousands of dollars over the life of your loan.
What factors should I consider when comparing loans?
Look beyond just the interest rate. Consider the comparison rate (which includes most fees), loan features (e.g., offset account, redraw facility), repayment flexibility, and any ongoing fees.
Can a mortgage broker help with loan comparison?
Absolutely. Mortgage brokers have access to a wide range of loan products from various lenders. They can compare options based on your specific financial situation and help you find a loan that aligns with your goals.
What is a comparison rate?
A comparison rate is a tool that helps you understand the true cost of a loan. It includes the interest rate and most fees and charges associated with the loan, expressed as a single percentage.