Loan Comparison Calculator

Compare the total cost over the time you expect to hold the loan, not just the interest rate. Include upfront fees, ongoing fees and the rate, then check features such as offset, redraw and extra repayment limits. A loan with a slightly higher rate can still cost less if its fees are lower or its offset account suits how you manage your money.

Because most Australians refinance or sell well before a 30-year loan runs its course. Upfront fees weigh more heavily over a short period, while a rate difference matters more over a long one. Comparing over the period you actually expect to keep the loan, such as five years, gives a more realistic answer about which option costs less.